ECONOMY

Sri Lanka fears up to $1.5 billion tourism losses

Sri Lankan Army soldiers secure the area around St. Anthony Shrine after a blast in Colombo, Sri Lanka, Sunday, April 21, 2019. (AP)

Sri Lanka fears its lucrative tourism industry could decline by up to 30 percent, with losses of $1.5 billion this year, after deadly Easter attacks, the finance minister said Friday.

“Tourism will be the worst affected,” Finance Minister Mangala Samaraweera told reporters.

“We expect a 30 percent drop in arrivals and that means a loss of about $1.5 billion in foreign exchange.”

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Last Update: Friday, 26 April 2019 KSA 14:32 - GMT 11:32
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