






{"id":28584,"date":"2022-05-10T22:00:30","date_gmt":"2022-05-10T15:00:30","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=28584"},"modified":"2022-05-11T00:04:26","modified_gmt":"2022-05-10T17:04:26","slug":"sri-lankas-tourism-sector-shows-signs-of-recovery-after-two-years","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/sri-lankas-tourism-sector-shows-signs-of-recovery-after-two-years\/","title":{"rendered":"Sri Lanka\u2019s tourism sector shows signs of recovery after two years"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">This includes the announcement of the &#8220;Golden Paradise Visa Program&#8221;<\/span><\/p>\n<figure id=\"attachment_28585\" aria-describedby=\"caption-attachment-28585\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-28585\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1084348016.jpg\" alt=\"\" width=\"1000\" height=\"562\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1084348016.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1084348016-400x225.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1084348016-600x337.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1084348016-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-28585\" class=\"wp-caption-text\">Cambodia and Sri Lanka signed a memorandum of understanding (MoU) on tourism cooperation, opening more opportunities for direct flights and tourism exchanges between the two countries. aksenovden\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The pandemic had put global tourism on hold, putting Sri Lanka in a difficult position. However, according to officials in the tourism sector, the country is slowly beginning to recover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Sri Lankan government has announced the &#8220;Golden Paradise Visa Program,&#8221; which involves long-term visas that would be sold to foreigners for at least USD100,000, reported the <\/span><a href=\"https:\/\/timesofindia.indiatimes.com\/travel\/travel-news\/sri-lankan-tourism-industry-sees-signs-of-recovery\/as91148296.cms\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Times of India<\/span><\/a><span style=\"font-weight: 400;\">. These will allow them to live and work in Sri Lanka for the next decade. These are also projected to bring much-needed foreign currency into the country. Five-year visas are also available to foreigners willing to invest at least USD75,000 for an apartment anywhere in Sri Lanka.<\/span><\/p>\n<p><a href=\"https:\/\/english.news.cn\/asiapacific\/20220510\/87e4e3bbb4374d45a3afb92600175a22\/c.html#:~:text=PHNOM%20PENH%2C%20May%2010%20(Xinhua,direct%20flights%20and%20tourism%20exchanges.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Xinhua <\/span><\/a><span style=\"font-weight: 400;\">reported that recently, Cambodia and Sri Lanka signed a memorandum of understanding (MoU) on tourism cooperation, opening more opportunities for direct flights and tourism exchanges between the two countries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, there are no direct flights connecting the two countries, so passengers from Sri Lanka must fly through Thailand, Malaysia, or Singapore before arriving in Cambodia.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/international-tourism-in-sri-lanka-recoups-in-2022-albeit-omicron-risk\/\" target=\"_blank\" rel=\"noopener\"><strong>More: International tourism in Sri Lanka recoups in 2022 albeit Omicron risk<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Both sides have agreed to organize Buddhist tourism events in the future,&#8221; said Cambodian Tourism Minister Thong Khon, adding that both sides will be exploring more possibilities for tourism cooperation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bangladesh cleared a USD200 million currency swap facility for Sri Lanka in May of last year, making it the first South Asian country to provide critical financial assistance to Colombo, according to <\/span><a href=\"https:\/\/www.firstpost.com\/world\/sri-lanka-economic-crisis-bangladesh-extends-currency-swap-facility-to-boost-the-island-nations-depleting-foreign-reserves-10652341.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Firstpost<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sri Lanka was originally given three months to settle the payment, but as the country&#8217;s economic crisis worsened, the term was extended several times at Sri Lanka&#8217;s request.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to the pandemic, the tourism sector, Sri Lanka&#8217;s primary source of foreign exchange, has been seriously affected, and the country has been struggling to manage its reserves. The country&#8217;s economic situation is exacerbated by a lack of foreign currency, meaning it cannot afford to pay for imports of goods and fuel, resulting in severe shortages and inflated costs.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This includes the announcement of the &#8220;Golden Paradise Visa Program&#8221;<\/p>\n","protected":false},"author":12,"featured_media":28585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2988,322,321],"class_list":["post-28584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-foreign-exchange","tag-tourism","tag-travel","news_country-sri-lanka","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sri Lanka\u2019s 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