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Sri Lanka Tourism expects 2024 to grow
Business & Financial

Sri Lanka Tourism confident of monumental growth in 2024

Sri Lanka has set ambitious targets, aiming to attract 2.3 million tourists and generate over $4 billion from tourism in 2024. Looking ahead to 2030, the country is eyeing a substantial increase in arrivals to 5 million, with an impressive revenue projection of $21.6 billion. Central to this strategy is the goal of increasing average spending per visitor to $4,000, with a focus on attracting high-end tourists.

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Apparel industry
Business & Financial News

Sri Lankan Apparel Industry’s Recovery hits $415.6M

December marked the highest ever performance in a year though the industry ended 2023 with negative growth.

Exports in December amounted to $ 415.6 million as per provisional data from the Joint Apparel Association (JAAF). The December 2023 figure is the highest since December 2022’s tally of $ 451 million.