Sri Lanka Tourist Board vowed to make a quick and painless recovery from the devastating tsunami wave damage to one third of the country’s hotel rooms. Tourism is Sri Lanka's fourth largest foreign exchange with arrivals targeted at 575,000 this year.
Industry players say a quick recovery in the sector will not only benefit hotel companies but will also create much needed economic activity in coastal areas.
Reconstruction of the 5600 damaged hotel rooms is estimated to cost US$ 200 million.
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Work is already underway.
"We have an obligation to rebuild the lives and Sri Lanka Tourism Board will lead in rehabilitation work," Udaya Nanayakkara, Chairman, Tourist Board told LBR.
Damage at many hotels is limited to wrecked ground floors and gardens.
However, Yala Safari a hotel owned by the Jetwing group has been razed by the tall waves. There are only two walls standing.
Jetwing is still handling the grim task of looking for missing guests.
"There is no business angle