Sri Lanka

As more commercial transactions move online and the digital economy continues to expand into every facet of the traditional analogue economy, businesses are gaining access to new channels to reach existing clients and expand their market share with competitive digital offerings. For consumers, the digital growth promises easier access to and...

Over the course of less than two decades, China has gone from being a minor player to being the world’s largest and most lucrative source of outbound tourists. In 2017 alone Chinese nationals made more than 131m trips outside of their national borders, spending approximately $300bn in the process.

In a bid to inject more foreign capital into the real estate sector and capital markets, amendments have been made to Land (Restrictions on Alienation) Act. Until this change was made, the transfer of title of any land to foreigners, overseas firms or Sri Lanka-incorporated companies with foreign shareholding of over 49% was prohibited by law...

Sri Lanka has long been known as a beach destination, but the island offers considerably more, and industry leaders are encouraging the development of alternative destinations to appeal to a wide variety of interests. These include adventure and experiential travel and wellness tourism, as well as travel to areas that were previously off-...

Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...

The spotlight is very much on Sri Lanka’s tourism sector in 2019, after globally recognised company Lonely Planet named it as the number-one travel destination for the year. As the country embarks on a year of ambitious goals to attract more visitors, the sector is also at a critical juncture. Successful, sustainable growth will rely on a...