The tourism market is expected to grow at 20% a year over the next five years according to stockbroker estimates. They also say that high spending tourists and business travel traffic is improving with positive effects on the industry.
Analysts say the sector could expand if the current trends in politics and global tourism continue.rn
rnDFCC stockbrokers in a report on the sector say that the 16% arrivals growth seen in the first year of the ceasefire was an indication of the potential. rn
rnldblquote Most of the hotels will be going for refurbishment during the off season. We will see their rates moving. And we will see a growth of about 20%,
dblquote Jayantha Perera DFCC Stockbrokers says. rn
rnAnalysts say earnings could rise sharply over the same time. They also estimate the per tourist earnings to climb, which at present is lagging behind even the South Asian average.rn
rnldblquote Most of them are on a negative bottom line up to 2000-2001. We are going to see growth and we are going t