Tourism industry seeks clarity on financial concessions

By Nalintha Rodrigo, Financial Controller, Resplendent Ceylon – Sri Lanka’s tourism industry has been a key driver of Sri Lanka’s economic performance. In 2017, tourism receipts accounted for 5.3% of GDP. As a net importer, the dollar receipts have added buoyancy to the currency, and the increased demand has seen material growth in construction of new hotels and both skilled and semi-employment. An unmeasurable but vital impact has also been the repatriation of skilled leisure sector talent to the island.