Cashing In

Coming through a battering last year, all signs are that tourists are flocking back with arrivals shooting up a massive 86 percent in the third quarter 2002, over last year.
The recovery is however on the back of a very weak base last year that saw arrivals crippled after September 11 and the attack on the Katunayake Airport. rn

rnHotels and related services suffered a setback due to a drop in arrivals from key markets in mainly Western Europe and India.rn

rnThe second half of last year saw positive growth in the first six months wiped out with arrivals in the same period dropping by 43 percent to 56,041 tourists. rn

rnBut arrivals this year of 104,199 tourists have still moved up over 2000, which saw a good year bringing in some 98, 724 visitors in the third quarter, Central Bank data indicates.rn

rnThe industry is looking to positive growth in 2003, capitalising also on a peace that has largely held since February and an improved security situation. rn

rnIndustry enthusiasm however is tempe