Until last week, Sri Lanka was one of the rising stars of Asian tourism, anticipating nearly three million visitors in 2019. See more at: http://gulfnews.com/business
Category
🗞
NewsTranscript
00:00Hello and welcome to Kokmin's daily business wrap-up. The terrorist strike that killed
00:05about 250 people is still impacting Sri Lanka and is now impacting the tourism sector. Trip
00:13cancellations has far exceeded new bookings according to Sri Lanka's travel promotion
00:19agency. They expect about 2 million tourists this year compared to the previous estimate
00:25of 3 million. Earlier the finance minister had said that the incident could cost tourism
00:30sector about 1.5 billion dollars in losses. Emirates is expecting to post positive results
00:37for 2018 but it won't be as good as the previous years because of high fuel costs and adverse
00:43currency fluctuation. This is according to Tim Clark of Emirates Airlines. Emirates Airlines
00:47will post its full 2018 results on May 9. The IMF has downgraded its projections for
00:55the UAE as far as growth is concerned. Growth is expected to be at 2.8% in 2019 compared
01:01to the earlier forecast of 3.9%. They say that Export 2020 along with Abu Dhabi's financial
01:08stimulus will provide the short-term support for the economy.
01:12That's it from me and thanks for watching. For more, you can log on to gulfnews.com slash