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Sri Lankan Tourism Takes 'Massive Hit' After Easter Attack, Colombo Fears Up to $1.5 Billion Losses

Sri Lankan Tourism Takes 'Massive Hit' After Easter Attack, Colombo Fears Up to $1.5 Billion Losses

Sri Lanka Finance Minister Mangala Samaraweera said that they expect a 30 percent drop in arrivals and that means a loss of about $1.5 billion in foreign exchange.

Colombo: Sri Lanka fears its lucrative tourism industry could decline by up to 30 percent, with losses of a $1.5 billion this year, after deadly Easter attacks, the finance minister said Friday.

"Tourism will be the worst affected," Finance Minister Mangala Samaraweera told reporters. "We expect a 30 percent drop in arrivals and that means a loss of about $1.5 billion in foreign exchange."