Sri Lanka Tourism Report

Published 22 December 2014

  • 52 pages
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Sri Lanka Tourism Report

BMI View: The Sri Lanka tourism report examines a range of key indicators in the emerging tourism market in the Asia Pacific region. Healthy domestic economic growth is boosting outbound tourism figures, while improving regional and global travel connections are facilitating growth in inbound arrivals. With visitor numbers increasing we are forecasting healthy growth in tourism related expenditure and industry value, and expect to see a range of developments in the market moving forward.

Maintaining the current stability is vital to the future of the Sri Lankan tourism industry, as any recurrence of civil conflict will likely deter visitors and undermine the recent gains made in terms of infrastructure development. At present however, President Mahinda Rajapaksa and his ruling coalition (the United People's Freedom Alliance) appear stable and able to formulate, enact and enforce their policy agenda. While there are ongoing concerns regarding income inequality and ethnic divisions between the Sinhalese majority and Tamil minority, at present the risk appears to be subdued - though it remains to be seen what impact the snap election in January 2015 will have.

Provided that domestic security will be maintained, we expect to see steady growth in arrivals to Sri Lanka. While arrivals are generally dominated by countries in the Asia Pacific region, Sri Lanka also sees healthy arrivals from European markets such as the UK and Germany. As air travel connections are expanded and Sri Lanka improves its presence on the global tourism stage, we expect to see annual growth of 10% a year in terms of arrivals.

Robust domestic economic growth, boosted by strengthening ties with China and Japan, will lead to steady gains in outbound travel, as Sri Lanka's middle class expands and private financial consumption increases. We expect to see growth of around 6% to 7% per year in tourism departures. This will result in a slight increase in average tourism departures per 1000 of the...

BMI Industry View
Industry Forecast
Inbound Arrivals
Table: Inbound Tourism (Sri Lanka 2011-2018)
Table: Top 10 Markets By Inbound Arrivals, 2011-2018
Outbound Departures
Table: Outbound Tourism (Sri Lanka 2011-2018)
Table: Top 10 Outbound Destinations, 2011-2018
Travel And Receipts
Table: Receipts for Transport and Travel (Sri Lanka 2011-2018)
Table: Breakdown of Methods of Tourist Travel (Sri Lanka 2011-2018)
Table: Hotel Accommodation (Sri Lanka 2011-2018)
Table: Hotels and Restaurants Industry Value (Sri Lanka 2011-2018)
Industry Risk/Reward Ratings
Tourism Risk/Reward Index
Table: Asia - Tourism Risk/Reward Index
Market Overview
Table: Airport Infrastructure Projects
Table: Top 10 Global Hotels Groups Present In Sri Lanka
Competitive Landscape
Browns Hotels and Resorts
Serendib Leisue
Jetwing Hotels
Aitken Spence Hotels
John Keells Holdings
Citrus Leisure PLC
Asia Leisure
Global Industry Overview
Tourism Global Industry Overview
Global Assumptions
Table: Global Assumptions, 2013-2018
Table: Global And Regional Real GDP Growth, 2013-2016 (% change y-o-y)
Developed States
Table: Developed States, Real GDP Growth Forecasts, 2013-2016
Emerging Markets
Table: Emerging Markets, Real GDP Growth Forecasts, 2013-2016
Table: BMI Versus Bloomberg Consensus Real GDP Growth Forecasts, 2014 And 2015 (%)
Demographic Forecast
Table: Population Headline Indicators (Sri Lanka 1990-2025)
Table: Key Population Ratios (Sri Lanka 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Sri Lanka 1990-2025)
Table: Population By Age Group (Sri Lanka 1990-2025)
Table: Population By Age Group % (Sri Lanka 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

The Sri Lanka Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Sri Lanka Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Sri Lankan tourism industry.

Key Benefits

  • Benchmark BMI's independent tourism industry forecasts for Sri Lanka to test other views - a key input for successful budgetary and planning in the Sri Lankan tourism market.
  • Target business opportunities and risks in the Sri Lankan tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Sri Lanka.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Inbound Tourism: Total arrivals (‘000 and growth % y-o-y), arrivals by region (‘000 and growth % y-o-y), arrivals by country (‘000 and growth % y-o-y), top 10 source countries for arrivals.
  • Outbound Tourism: Total departures (‘000 and growth % y-o-y), departures by regional destination (‘000 and growth % y-o-y), departures by country (‘000 and growth % y-o-y), top 10 destination countries.
  • Travel & Receipts: Methods of travel for arrivals (air, ship, rail) (‘000 and growth % y-o-y), international tourism receipts for transport (USDbn and growth % y-o-y), international tourism receipts for travel items (USDbn and growth % y-o-y).
  • Hotels: Hotel industry value (USDbn and growth % y-o-y), number of hotels (‘000 and growth % y-o-y), total overnight stays (‘000 and growth % y-o-y), length of stay, occupancy rate (%), number of total

BMI’s Tourism Risk Reward Index

BMI’s Risk Reward Indices provide investors (tour operators, tourism infrastructure investors, financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards.

Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.

Market Overview

This contains a comprehensive overview of the tourism industry in the country, its overall value, the value of its hotels industry, trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country, which brands are present in which cities, the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country, in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database, which contain details of projects, their value, the time frame, their current status, the companies involved and their estimated completion dates.

Competitive Landscape

This section provides insight into key domestic players in the hotel industry, discussing, for example, the number of hotels, brands, financial data, geographical spread, recent developments and strategies of individual companies.

The Tourism Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reprts instead contain information on the current activities of prominent companies operating in the market.

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