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The Economic Impact Of Tourism In Sri Lanka
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Book Synopsis An Assessment of the Impacts of Tourism in Sri Lanka by : Sriyantha Fernando
Download or read book An Assessment of the Impacts of Tourism in Sri Lanka written by Sriyantha Fernando and published by GRIN Verlag. This book was released on 2017-09-07 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Tourism - Miscellaneous, Griffith University, course: PhD, language: English, abstract: After the end of nearly three decades of civil war in 2009, Sri Lanka is experiencing a tourism boom with a record level of international tourist arrivals. The Sri Lankan government has now identified tourism as a main component in its post-war development strategy. Despite this new policy enthusiasm there is dearth of research on tourism in Sri Lanka. The purpose of this study, therefore, is to contribute to the literature on tourism in Sri Lanka in a number of ways. First, it provides a systematic historical narrative on Sri Lankan tourism and explains how Sri Lanka missed opportunities in the past. Second, it develops a Computable General Equilibrium (CGE) model focusing on tourism and constructs a database with an emphasis on tourism. Third, it examines the economy-wide effects of the post-war tourism boom in Sri Lanka.
Book Synopsis The Economic Impact of Tourism in Sri Lanka by :
Download or read book The Economic Impact of Tourism in Sri Lanka written by and published by . This book was released on 1993 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Assessing the Economic Impact of International Tourism in Sri Lanka by : Ranjith Ihalanayake
Download or read book Assessing the Economic Impact of International Tourism in Sri Lanka written by Ranjith Ihalanayake and published by . This book was released on 1996 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tourism in Asia, the Economic Impact by : Elwood A. Pye
Download or read book Tourism in Asia, the Economic Impact written by Elwood A. Pye and published by . This book was released on 1983 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: IDRC pub. Comparison of the economic role of the tourism industry in Hong Kong, Korea R, the Philippines, and Sri Lanka - looks at growth rate trends; considers economic implications for employment creation, foreign exchange earnings, income generating activities, etc. As well as obstacles to development; assesses sectoral linkages through input output analysis; provides forecasting econometric models for Hong Kong; includes recommendations. Map, organigrams, references and statistical tables.
Book Synopsis Tourism in Sri Lanka and a Computable General Equilibrium (CGE) Analysis of the Effects of Post-War Tourism Boom by : Sriyantha Fernando
Download or read book Tourism in Sri Lanka and a Computable General Equilibrium (CGE) Analysis of the Effects of Post-War Tourism Boom written by Sriyantha Fernando and published by . This book was released on 2015-11-17 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this study is two-fold. First, it aims to undertake a systematic and comprehensive analysis of the performance of the Sri Lankan tourism sector using historical data and policy documents and to present a historical narrative on tourism. Second, it aims to analyse the effects of the post-war tourism boom on the Sri Lankan economy within an economy-wide framework by developing a computable general equilibrium (CGE) model, labelled as SLCGE-Tourism. In the process of achieving the above objectives, the study addressed two knowledge gaps related to Sri Lankan tourism as identified in the literature. The first knowledge gap is that there is a lack of systematic historical analysis of Sri Lankan tourism both in terms of policy and data. This study contributes significantly in addressing this knowledge gap by undertaking a number of complementary analyses. Firstly, it undertakes a systematic and comprehensive analysis of post-independence tourism promotion strategies in the economic development process. It shows that Sri Lanka had many post-independence advantages, especially given its strategic location in the Indian Ocean and on the major air and sea routes between Europe and the Far East. However, it missed opportunities due to inward-oriented development policies implemented by successive governments until 1977 and the three-decade long civil war and other political violence ending in 2009Secondly, it carries out two systematic econometric studies on tourism demand and volatility within the Sri Lankan context by using well-recognised econometric techniques. In the first econometric study, data on monthly tourism arrivals is used to model volatility of tourist arrivals for the first time in the case of Sri Lanka and as such this represents a contribution to the tourism literature in Sri Lanka. As generally accepted, and in common with many other tourist destinations, the empirical results of this study demonstrate that the Sri Lankan tourism industry is very sensitive to political violence, exchange rate changes, and seasonal variations. The analysis suggests that significant increases in political violence lowered tourist arrivals in Sri Lanka and created a substantial amount of volatility in tourism demand. The second econometric study explores empirically whether the targets set in the recent Tourism Development Strategy (TDS) by the Sri Lankan government are achievable or realistic by using a simple econometric model. The econometric analysis suggests that tourist arrivals to Sri Lanka would increase by 26 percent per year if a peaceful environment can be maintained in Sri Lanka. This is broadly consistent with the targets set out in the TDS without the benefit of systematic modelling work. The second knowledge gap was that there was a lack of an integrated economy-wide modelling model capable of use for examining the impact of tourism on the Sri Lankan economy. This study has addressed this knowledge gap by developing a tourism-focused CGE model. Its usefulness has been demonstrated by examining the economy-wide effects of the recent tourism boom and associated policy targets on the Sri Lankan economy in the second part of the thesis. The projected results of the model support the view that tourism can play a major role in the post-war development in Sri Lanka in terms of economic growth and employment generation. However, both the macro and sectoral results demonstrate that the expansion of tourism will not assist the economy without imposing some negative impacts on some other sectors in the economy. It is clear from the results of policy simulations carried out with the model that a tourism boom may lead to 'Dutch disease' type effects. The manufacturing export sectors, such as wearing apparel, may suffer as a result of an appreciation of the real exchange rate due to the tourism boom. The results also demonstrate that positive effects of a tourism boom on the economy would be much stronger.
Book Synopsis Economic Impact of Tourism Development by : Kunal Chattopadhyay
Download or read book Economic Impact of Tourism Development written by Kunal Chattopadhyay and published by Kanishka Publishers. This book was released on 1995 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic, Social, and Cultural Impact of Tourism on Sri Lanka by : E. D. L. Mendis
Download or read book The Economic, Social, and Cultural Impact of Tourism on Sri Lanka written by E. D. L. Mendis and published by . This book was released on 1981 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Perceptions of Socio-economic and Cultural Impact of Tourism in Sri Lanka : a Research Study by : Sadrudin A. Ahmed
Download or read book Perceptions of Socio-economic and Cultural Impact of Tourism in Sri Lanka : a Research Study written by Sadrudin A. Ahmed and published by . This book was released on 1984 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Management of Tourism by : Lesley Pender
Download or read book The Management of Tourism written by Lesley Pender and published by SAGE. This book was released on 2005 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides detailed coverage of the breadth of issues involved in the management of tourism businesses. It explains and supports fundamental business management aspects whilst examining specific techniques required for the successful management of a variety of tourism businesses.
Book Synopsis The Routledge Handbook of Tourism in Asia by : C. Michael Hall
Download or read book The Routledge Handbook of Tourism in Asia written by C. Michael Hall and published by Routledge. This book was released on 2016-09-13 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia is regarded as the fastest growing area for international and domestic tourism in the world today and over the next 20 years. Given the economic, social and environmental importance of tourism in the region, there is a need for a comprehensive and readable overview of the critical debates and controversies in tourism in the region and the major factors that are affecting tourism development both now and in the foreseeable future. This Handbook provides a contemporary survey of the region and its continued growth and development as a key destination and generator of tourism, which is marked by a high proportion of intra-regional travel. The book is divided into five sections. This first section provides an introduction to the region and context to the nationally focused chapters. The next three sections are then broadly based on the three UNWTO Asian regions: South-East Asia, South and Central Asia, and East and North-East Asia, providing readers with a valuable snapshot of tourism at various scales, and from various approaches and positions. The concluding section considers future prospects for tourism in Asia. The handbook is interdisciplinary in coverage and is also international in scope through its authorship and content. It presents a range of perspectives and understanding of the processes and forces that are shaping tourism in this fascinating and dynamic region that is one of the focal points of global tourism. This is essential reading for students, researchers and academics interested in tourism in the growth region of Asia now and in the future.
Book Synopsis The Impact of International Tourism on the Economy and Society in Sri Lanka by : Abbaya Attanayake
Download or read book The Impact of International Tourism on the Economy and Society in Sri Lanka written by Abbaya Attanayake and published by . This book was released on 1983 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tourism Demand, Volatility and Post-War Tourism in Sri Lanka by : Sriyantha Fernando
Download or read book Tourism Demand, Volatility and Post-War Tourism in Sri Lanka written by Sriyantha Fernando and published by . This book was released on 2016-06 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically Sri Lanka has always been a tourist destination for centuries because of its strategic location and uniqueness. Although Sri Lankan tourism sector has been growing since 1967, International tourist arrivals to Sri Lanka have experienced notable fluctuations during the nearly three decades of civil war, particularly between 1983 and 2009. Sri Lankan tourism has managed to recover quickly since the end of the war in 2009. After recognising the role of post-war tourism, the Sri Lankan government has launched the Tourism Development Strategies (TDS) for the period 2011-2016. Firstly, The paper carried out systematic statistical analysis for Sri Lankan tourism focussing in particular on the civil war and associated political violence. Secondly, the paper empirically explored whether the targets set in the TDS by the Sri Lankan government are achievable or realistic by using a simple econometric model. Furthermore, post-war tourism development and the tourism boom are being evaluated within the context of the current political and economic situation. The empirical results of the first study demonstrating that the Sri Lankan tourism industry is very sensitive to political violence, exchange rate changes, and seasonal variations. The analysis suggests that significant increases in political violence lowered tourist arrivals in Sri Lanka and created a substantial amount of volatility in tourism demand. The results of the second study indicate that the Sri Lankan tourism industry was in a favourable position to achieve the targets until 2014 but missing the targets in 2015 and it is a challenge to achieve of 2.5 million tourism arrivals by 2016. A number of policy inferences can be drawn from this study. Given the limited resources available to the Sri Lankan government and the competing claims on these resources, development of strategies for and active promotion of public-private partnerships aimed at creating new tourism related infrastructure (hotel resorts, cruise line facilities, road transport upgrades, etc.) are recommended. There is should be a consideration for promoting the country as a price competitive and safe tourism destination. Finally, the country has to maintain political stability and work towards reconciliation process with improved governance and maintaining rules of law in order for the development strategy to be fully realised.
Book Synopsis The Role of Tourism in Social and Economic Development of Sri Lanka by :
Download or read book The Role of Tourism in Social and Economic Development of Sri Lanka written by and published by . This book was released on 1978 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kate Rule, a CIA analyst battles to force her superiors and the U.S. to act against a Soviet KGB plot involving a Russian spymaster and a military base hidden on the coast of Latvia. Her quarry, General VIktor Majorov, seems to be planning something: a secret attack on Sweden from a nuclear submarine.
Book Synopsis The Tourism-Led Development Strategy in Sri Lanka by : Sriyantha Fernando
Download or read book The Tourism-Led Development Strategy in Sri Lanka written by Sriyantha Fernando and published by . This book was released on 2017-05-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2017 in the subject Tourism, University of Kelaniya, language: English, abstract: Sri Lanka has an ability to become one of the best tourism countries in Asia. However, it missed opportunities on a number of occasions due to inappropriate economic policies, continuous political violence and wars. Since 1983 the Sri Lankan tourism sector was seriously affected by the nearly three decades of separatist war which ended in May 2009. Immediately after the end of the war tourism in Sri Lanka bounced back and it now has become the engine of economic growth in post war Sri Lanka. In this paper, a historical analysis has been undertaken to demonstrate how Sri Lanka missmatched their development strategies in terms of tourism, although the country had potential to attract record number of tourists. The post-war tourism boom has given Sri Lankans and the Sri Lankan tourism sector new hopes and optimism. This paper demonstrates that the Sri Lankan tourism sector has potential and opportunities to play a vital role in the post-war inclusive development strategy in terms of generating much needed foreign exchange, poverty alleviation via employment generation, accelerating economic growth and uplifting living standards of all Sri Lankans.
Book Synopsis Tourism Economics by : Álvaro Matias
Download or read book Tourism Economics written by Álvaro Matias and published by Springer Science & Business Media. This book was released on 2011-07-28 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assessment of local, regional or national impacts of an influx of tourists – of different kind and origin – has in recent years become a new challenge for economics research in the tourism sector. There is a clear need to develop solid methodologies through which the socio-economic impacts of tourism can be assessed. Tourism impact assessment – as a systematic approach to the estimation of socio-economic effects of tourism on relevant parts of the economy – has become a timely response to the need for appropriate information for stakeholders, both public and private. The present volume brings together a set of recent impact studies – of both a theoretical-methodological and an applied policy-oriented nature – , which have been selected on the basis of their originality or novel contribution to the research in this field.
Book Synopsis Forecasting International Tourism Income of Sri Lanka by : Udaya Konarasinghe
Download or read book Forecasting International Tourism Income of Sri Lanka written by Udaya Konarasinghe and published by . This book was released on 2019 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth of the tourism industry in Sri Lanka shows the historical development in mainly in two ways. That is the growth of tourist arrivals and income.Tourism impact on the economy of Sri Lanka, which rely heavily on foreign exchange earnings. This has been a general interest of the government. Therefore government needs reliable forecasting to cope with uncertain situations and developing sound strategies to maintain the growth of tourism industry. This study was focused to identify suitable trend model for forecasting international tourism income of Sri Lanka. Monthly income data from 2009 to 2013 were obtained from statistical reports of 2012 and 2013 of Sri Lanka Tourism Development Authority (SLTDA). Study concern the period of post war, which is after year 2009. Model fitting was done by utilizing data from January 2009 to April 2012 and data from May 2012 to May 2013 utilized for model verification. Four trend models were tested with log transformation including one linear and three non linear models. Residual plots and Anderson Darling tests for residuals were used as model validation criterion. Forecasting ability of the models was assessed by considering Mean Absolute Percentage Error (MAPE), Mean Square Error (MSE) and Mean Absolute Deviation (MAD). Box and whisker plot showed no outliers in the data set. Results revealed that Quadratic Trend Model has least MAPE's in model fitting and verification: 0.90% and 1.12 % respectively. MAD and MSE also confirmed the smallest deviation compared with other trend models. Residual plots and Anderson Darling test confirmed the normality of residuals. Also residuals Vs fits confirmed the independence of residuals. It was concluded that the Quadratic Trend Model with log transformation is suitable for forecasting international tourism income in Sri Lanka. It is recommended to try other time series techniques namely decomposition techniques, Auto Regressive Integrated Moving Average (ARIMA) models etc. to capture the seasonal behavior of the series.
Book Synopsis Economics of Sustainable Tourism by : Fabio Cerina
Download or read book Economics of Sustainable Tourism written by Fabio Cerina and published by Routledge. This book was released on 2010-10-04 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work aims to critically explore how tourism economic development can move closer to a sustainable ideal from a firm economic analytic anchor. It includes a range of theoretical and empirical perspectives and includes cutting edge research from international scholars.
