Invest in Tourism & Leisure

Sector Overview

The Tourism sector has experienced impressive growth in Sri Lanka since 2009. Tourist arrivals reached 2 million while revenues exceeded US$ 3.5 billion in 2016 – an increase of 15% & 20% respectively over the previous year. To complement increased enthusiasm in this sector the Sri Lankan government is investing in major infrastructure projects such as expressways, airports and seaports.

Sri Lanka has been identified as a premier tourist destination by publications and websites such as Lonely Planet, The Conde Nast Traveler and National Geographic.

This is a key growth sector in post-conflict development with an ambitious target of attracting 4.0 million visitors by 2020. The Board of Investment (BOI), has played a pivotal role in executing this strategy, attracting top tier investments such as the Shangri-La Group, India’s ITC Group, Thailand’s Minor Group, Spain’s RIU Hotels & Resorts, Singapore’s Aman Resorts, Banyan Tree Group and the Mustafa Group of Singapore.

Additionally, global brands such as the Sheraton brand of Starwood Hotels and Resorts, Marriott International, Grand Hyatt brand of Hyatt Hotels Corporation, Movenpick Hotels & Resorts Management and Onyx Hospitality Group have entered into management agreements with local partners.

Centrally located to major air routes, Sri Lanka is served by a number of major international airlines, while domestic airline services including seaplane operations are being expanded island-wide.

Given this background, the tourism and hospitality sector represents a very strong opportunity for investment in hotels, resorts, leisure and entertainment complexes to profit from the growth of this sector.

  

 

 

Key Contacts

 

Mr. Gamini Jayathillake

Director – (Head of Tourism)

 Tel: +94 11 2427090

Fax: +94 11 2422407

Email: gaminij@boi.lk


Mr. Nishantha Dissanayake

Deputy Director

Tel: +94 11 2427088

Fax: +94 11 2422407

Email: nishanthad@boi.lk


Mr. Sudath Alwis

Assistant Director

 Tel: +94 11 2427250

Fax: +94 11 2422407

Email: alwis@boi.lk


Mr. Krishantha Britto

Assistant Director

 Tel: +94 11 2427341

Fax: +94 11 2422407

Email: krishanthab@boi.lk

 

Sub Sectors

  • Hotels / Resorts / Villas
  • Higher-end restaurants
  • Leisure / Entertainment and Theme Parks
  • Tourist transport: Domestic and International Sea & Air transport
  • Meeting Incentive Convention and Exhibition(MICE)
  • Domestic and International Air transport / Water-based transport
  • Skill Development: Hotel / Hospitality Training Institutes

Investment in the Allied and / Ancillary sub-sectors:

  • Convention and Exhibition Centers
  • Entertainment Complex / Tourist Shopping Complex
  • Water Sports / Golf Course / Race Course / Angling
  • Spa & Wellness Centers
  • Yacht Marina
  • Eco-Lodges, Camping, Whale & Dolphin Watching

Major Investors

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