Working on regulating informal sector – John

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By 2017-09-26

By Mario Andree

Responding to a request by a senior businessman, Minister of Tourism and Christian Affairs John Amaratunga said the Government was working to regulate the informal sector not only to increase revenue but to protect the hospitality industry and its standards.
Unveiling the third property together with Thailand-based ONYX Hospitality, Sino Lanka Hotels Director, Manu Bojwani urged the Government to regulate the informal sector, citing that service standards and pricing was hurting the industry as well as the image of the country.

Launching ONYX Hospitality's flagship brand and its first Amari Hotel in Sri Lanka, Bojwani outlined that the formal hospitality industry, as well as the country's brand image was facing a severe threat from the informal sector. According to him the informal sector, needs to be regulated to ensure a level playing field as well as maintaining service standards for travellers.
Further, he also said State revenue was suffering due to the informal sector not being regulated and taxed for operations in the country.

According to senior hoteliers, the Sri Lankan economy has been deprived of tourism revenue due to the informal sector accounting for more than 50 per cent of the business.
These hoteliers have outlined that most of the informal sector establishments were not regulated, therefore did not yield any revenue for the State.

Sri Lanka welcomed more than 1.4 million tourists to the country......during the first eight months of this year. The Government hopes the country will receive more than 2.5 million arrivals by end of this year, making the remaining four months challenging.



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