Sri Lanka has made its mark as a leading destination for digital nomads, offering exceptional value for money in the realm of remote work. Among the 50 countries providing digital nomad visas, Sri Lanka stands out as the most affordable option, with an average monthly cost of living estimated at just USD 624.

During a recent webinar hosted by First Capital Research, industry experts Tharusha Ashokgar and Nethmi Fernando shared their insights into the remarkable resurgence of Sri Lanka's tourism industry. Notably, they highlighted the growing investor confidence in the country's tourism sector, citing 95 projects currently under construction, encompassing a total of 5,424 rooms. These projects are anticipated to be completed by the end of 2023.

Sri Lanka's tourism sector has witnessed impressive growth, defying previous challenges. Thanks to global trends favoring tourism, the country has managed to surpass monthly targets, welcoming one million tourists within a year. Several factors have contributed to this recovery, including enhanced air connectivity, the relaxation of travel restrictions by key source markets, favorable weather conditions, and a series of successful tourism promotion campaigns targeting India, Europe, and China.

This revival in tourism has translated into substantial financial gains for Sri Lanka. By July 2023, the country's earnings from tourism had reached an impressive USD 1 billion, reflecting a remarkable 43% year-on-year increase compared to the previous year.