Travel in Sri Lanka

October 2020 | 27 pages | ID: TE3B522BEE3EN
Euromonitor International Ltd

Abstracts

Sri Lanka had a swift response to the global pandemic, with the Civil Aviation Authority of Sri Lanka imposing a ban on all passenger arrivals into the country from 18 March. The government also temporarily suspended the issuance of all types of visas for all foreign nationalities until further notice. On 19 March, Sri Lanka Health Authorities dictated that closure of international airports for arrivals. By 20 March, Sri Lanka enacted a strict national curfew to restrict the movement of people a...

Euromonitor International's Travel in Sri Lanka report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2024 illustrate how the market is set to change.

Product coverage: Activities and Experiences (Destination), Lodging, Online Travel Sales and Intermediaries, Tourism Flows, Travel Modes, Traveller Profiles.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Travel market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

EXECUTIVE SUMMARY
COVID-19 impact on travel
COVID-19 country impact
Company response to COVID-19: Airlines and hotels
Impact of COVID-19 on online bookings and travel intermediaries
What next for travel?
CHART 1 Inbound Receipts: 2020-2025
CHART 2 Average Spend per Trip for Inbound Arrivals: 2020-2025
MARKET DATA
Table 1 Other Transport: Value 2015-2020
Table 2 Forecast Other Transport: Value 2020-2025
Table 3 Car Rental Sales: Value 2015-2020
Table 4 Forecast Car Rental Sales: Value 2020-2025
Table 5 Attractions and Experiences: Value 2015-2020
Table 6 Forecast Attractions and Experiences: Value 2020-2025
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
DISCLAIMER
SOURCES
Summary 1 Research Sources
TOURISM FLOWS
Key Data Findings
2020 Impact
COVID-19 intensified the decline of inbound arrivals stemming from terrorist attacks in 2019
Leisure travel suffers greatest setback in Sri Lanka
Recovery and Opportunities
Sri Lanka plans to diversify the scope of attractions to reinvigorate the country’s touristic image
Regional travel flows to normalise by 2022, while domestic travel’s recovery will be moderated by a fall in disposable incomes
Category Data
Table 7 Inbound Arrivals: Number of Trips 2015-2020
Table 8 Inbound Arrivals by Country: Number of Trips 2015-2020
Table 9 Inbound Receipts: Value 2015-2020
Table 10 Forecast Inbound Arrivals: Number of Trips 2020-2025
Table 11 Forecast Inbound Arrivals by Country: Number of Trips 2020-2025
Table 12 Forecast Inbound Receipts: Value 2020-2025
Table 13 Domestic Trips by Purpose of Visit: Number of Trips 2015-2020
Table 14 Domestic Business Trips by Travel Mode: Number of Trips 2015-2020
Table 15 Domestic Leisure Trips by Travel Mode: Number of Trips 2015-2020
Table 16 Domestic Expenditure: Value and Growth 2015-2020
Table 17 Forecast Domestic Trips by Purpose of Visit: Number of Trips 2020-2025
Table 18 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2020-2025
Table 19 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2020-2025
Table 20 Forecast Domestic Tourist Expenditure: Value and Growth 2020-2025
Table 21 Outbound Departures: Number of Trips 2015-2020
Table 22 Outbound Departures by Destination: Number of Trips 2015-2020
Table 23 Outbound Expenditure: Value 2015-2020
Table 24 Forecast Outbound Departures: Number of Trips 2020-2025
Table 25 Forecast Outbound Departures by Destination: Number of Trips 2020-2025
Table 26 Forecast Outbound Expenditure: Value 2020-2025
AIRLINES
Key Data Findings
2020 Impact
Major airports closed and most flights banned in March-October 2020
New direct flights added to India may reinvigorate regional travel towards the end of 2020
Recovery and Opportunities
Regional flows set to recover quickest due to loosening restrictions
Over the forecast period consumers are expected to increase their preference for making online bookings
Category Data
Table 27 Airlines Sales: Value 2015-2020
Table 28 Forecast Airlines Sales: Value 2020-2025
LODGING
Key Data Findings
2020 Impact
With leisure arrivals down some hotels are struggling to survive with low demand forcing some of them to shut their doors permanently
Growth of short-term rentals, especially homestays, is halted in 2020
Recovery and Opportunities
Hotels pivot to expanding their online booking capabilities and tapping into the MICE segment to further boost tourism
Ability to offer experience-based offerings, including luxury and sustainable, gains importance over the forecast period
Category Data
Table 29 Lodging Sales: Value 2015-2020
Table 30 Lodging Outlets: Units 2015-2020
Table 31 Forecast Lodging Sales: Value 2020-2025
Table 32 Forecast Lodging Outlets: Units 2020-2025
ONLINE TRAVEL INTERMEDIARIES
Key Data Findings
2020 Impact
Lockdown challenges traditional intermediaries’ model
Online travel intermediaries turn to deep discounting as the go-to-strategy in 2020
Recovery and Opportunities
To boost Sri Lanka’s appeal intermediaries are expected to focus on diversifying their offerings
Weekend getaways favour online bookings, while traditional intermediaries are still considered superior for holiday packages
Category Data
Table 33 Online Travel Intermediaries Sales: Value 2015-2020
Table 34 Forecast Online Travel Intermediaries Sales: Value 2020-2025