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Tourist arrivals top 156,000 in first 26 days of Novembe

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Sri Lanka’s tourist arrivals have shown strong growth, rising 18% year-on-year (YoY) in the first 26 days of November with 156,174 visitors registered.

This has also propelled the year-to-date (YTD) arrivals to surpass 1.77 million, marking a 41% YoY increase compared to the same period in 2023. Sri Lanka needs to woo another 223,111 tourists in the next month to reach its annual goal of two million arrivals.

The daily arrival average climbed to 6,007 — an 18% jump from 5,105 during the same period last year and significantly higher than October’s 4,384 average.

The industry analysts opined that if the current pace continues, Sri Lanka could see just over 180,000 arrivals in November though still missing the monthly target of 155,070 set by the Sri Lanka Tourism Development Authority (SLTDA). The country requires nearly 10,473 daily arrivals to reach the monthly target. 

October registered a 25% YoY increase to 135,907 arrivals, rebounding from September’s single-digit growth, the first slowdown for the year amid visa crisis and travel advisories.

India remained the leading source market in November, contributing 32,306 visitors, followed by Russia with 25,573 and Germany with 11,394. The UK which had ranked higher earlier in the year fell to fourth place with 10,268 arrivals, while Australia ranked fifth with 6,446 visitors. Other key markets included China, France, Poland, the US and the Netherlands.

India also leads the cumulative arrivals with 357,279 visitors, followed by Russia at 163,172 and the UK at 156,938.

Analysts predict tourist arrivals could exceed two million by year end, slightly below the original target of 2.3 million. “Despite this, consistent growth trajectory reflects strong recovery in the tourism sector, driven by robust demand from traditional and emerging markets.

Sri Lanka Tourism is also leveraging the country’s year-round appeal to attract a diverse mix of visitors with a new national branding campaign which is set to be launched in January 2025. Looking ahead, the sector’s focus will be on capitalising on its momentum by implementing targeted marketing campaigns and improving infrastructure to meet the growing demand. 

Economy

Sri Lanka’s first passenger drone arrives ahead of maiden flight

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Sri Lanka’s first passenger transport drone has arrived in the country, with its maiden flight scheduled to take place at Colombo Port City by the end of October, the Civil Aviation Authority of Sri Lanka (CAASL) has announced.

The drone can carry two passengers and has a flight duration of approximately 30 minutes.

Sri Lanka became the first country to adopt the Global Fast Track Programme launched by Chinese technology company EHang to accelerate the introduction of pilotless electric vertical take-off and landing (eVTOL) aircraft in international markets.

Colombo Port City has been designated as the initial operational zone for the project, which aims to introduce passenger transport services using the aircraft, subject to the necessary regulatory and safety approvals.

Potential routes under consideration include scenic flights over Sigiriya and Pidurangala, as well as passenger transfers between Bandaranaike International Airport in Katunayake and hotels in Colombo.

The initiative is also expected to explore other applications, including tourism and maritime logistics.

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Economy

Sri Lankan scientist helps uncover oldest fast radio burst from 10 billion years ago

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Sri Lankan scientist Themiya Nanayakkara has been part of an international team of researchers that discovered the oldest fast radio burst ever recorded, originating from a galaxy approximately 10 billion years ago.

The groundbreaking discovery, published in the scientific journal Science, could help astronomers better understand the evolution of the universe and the vast network of matter known as the cosmic web.

The research team, led by University of Sydney astrophysicist Dr. Manisha Caleb, included Nanayakkara, who was identified as a co-author of the study.

The mysterious burst, named FRB 20240304B, was first recorded in 2024 by the MeerKAT radio telescope in South Africa.

Scientists subsequently used NASA’s James Webb Space Telescope to trace the signal to a small, actively star-forming galaxy that existed just three billion years after the Big Bang.

Fast radio bursts are extremely powerful flashes of radio waves lasting only a few milliseconds. Despite their brief duration, they can release as much energy as the Sun produces over several days.

Researchers believe these bursts may originate from highly magnetized neutron stars known as magnetars, although their precise origins remain uncertain.

Speaking to Australia’s ABC News, Dr. Caleb described the discovery as extraordinary, noting that the signal began its journey billions of years before the Sun and solar system existed.

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Economy

Sri Lanka aims to reduce VAT rates within next 2–3 years

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President Anura Kumara Dissanayake says the government aims to reduce Value Added Tax (VAT) rates over the next two to three years as part of efforts to provide financial relief to the public.

Speaking at a ceremony to present appointment letters to 1,540 new Grama Niladhari officers at Temple Trees on Thursday (Oct. 8), the President said the government was working towards reducing the tax burden on citizens while managing rising public expenditure.

“Our objective is to provide relief to the people by reducing Value Added Tax (VAT) rates over the next two to three years,” he said.

The President also stressed the need to remove taxes on essential educational materials, saying children should not have to bear a tax burden when purchasing books.

“If a child has to pay a tax when purchasing a book to read, we should remove that tax,” he said.

However, the President acknowledged that reducing taxes would require careful management of government expenditure, particularly as the administration implements salary increases for public sector employees.

He said the government’s decision to increase public sector basic salaries in three stages would result in an additional expenditure of Rs. 330 billion by 2027.

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