Steady growth in Toursim after the war
Increased from less than 500,000 arrivals in 2009 to over 2 million arrivals in 2016
Still significant room to grow
Annual tourist arrivals in Sri Lanka low compared to countries in the same region
Rapid increase of Chinese and Indian tourists
Tourist arrivals from India alone could be up to 600,000 visitors per year by 2020
Supply of hotels shifts from luxury to to upscale as a destination matures
Sri Lanka lacks mid market properties and will need more mid market properties in the long run
Stronger occupancy in mid market hotels in Sri Lanka
Ideal for renowned international brands to enter this market