Tag: Tourism

Can tourism in Sri Lanka shift from seasonality?

Can tourism in Sri Lanka shift from seasonality?

Seasonality in travel significantly impacts hotels’ operational and financial results as well as their chances of surviving. Numerous studies have examined how the seasonality of tourism affects hotels’ departure risk. The actual results, however, are unclear, most likely as a result of the general seasonality and various measurements used in these investigations. This research uses a proportional hazards model to…

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Micro SMEs in Tourism to focus on affordable technology

Micro SMEs in Tourism to focus on affordable technology

Typical tourism-related SMEs include businesses such as hotels and homestays, spas and Ayurveda treatments, cafés, food, and drinks, traveling, tour guiding, surfing and diving, and souvenirs and handicrafts, to name a few. Every economy and the Sri Lankan economy is no different, relies on the contributions of small and medium-sized firms (SMEs) to thrive. Small and medium-sized enterprises (SMEs) and…

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