Are tourists actually spending more in Sri Lanka?

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in the days of 1992. A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in the days of 1992. In real terms, the twelve year stretch only posted a 38 percent growth in average spend, making it a gain of less than two dollars each year.

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