Watch Demo

Sri Lanka Tourism Industry Outlook 2024 - 2028

See how Sri Lanka Tourism performed compared to key markets.

Key Market Indicators

Sri Lankan Tourist Arrivals are projected to decline significantly over the next five years. By 2028, the number of arrivals is expected to drop to approximately 530,000, a steep fall from the 1.54 million arrivals recorded in 2023. This represents an average annual decrease of 16.8%. This downward trend is not new for Sri Lanka. Since the year 2000, the country has experienced an average annual decline of 9.4% in tourist arrivals. In contrast, Sri Lanka’s Tourism Receipts are set for a modest increase. By 2028, tourism revenue is expected to rise to roughly $2.64 billion, up from $2.51 billion in 2023. This growth translates to an average annual rate of 0.8%. Since 2000, the Sri Lankan tourism market has seen a marginal year-on-year increase of 0.2% in receipts, indicating a slow but steady upward trajectory in earnings despite fluctuating tourist numbers.

Marketing Banner

Sri Lanka Tourism Market Data and Forecasts

How much will Sri Lanka Tourism Market grow to 2028?

Forecast: International Tourism Receipts in Sri Lanka
Forecast: International Tourism Expenditures in Sri Lanka
More in Tourism Industry for 2028