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Travel in Sri Lanka

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    Report

  • 27 Pages
  • October 2020
  • Region: Sri Lanka
  • Euromonitor International
  • ID: 3492543
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.

The 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.

Table of 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 ENVIRONMENTGLOBAL INDUSTRY ENVIRONMENTDISCLAIMER
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