TTG Asia
Asia/Singapore Sunday, 15th February 2026
Page 225

Sri Lanka abandons plans to sell national carrier

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Sri Lanka’s new government has abandoned plans to sell the debt-ridden national airline SriLankan Airlines, but will restructure it for a more profitable future.

“President Anura Kumara Dissanayake has instructed that the airline should be an institution that all Sri Lankans are proud of, and should be owned by Sri Lankans,” the airline’s new chairman Sarath Ganegoda told TTG Asia.

New Sri Lankan president Anura Kumara Dissanayake wants the airline to be proudly owned by Sri Lankans

The previous government had invited bids to part-sell and manage the airline that as been suffering accumulated losses over the years.

While the airline has reported an operating profit for the period April 2022 to end March 2023, its accumulated debt is US$1.2 billion. Under the earlier plan, the government was to retain 51 per cent control of the airline while selling off the remaining 49 per cent to investors. Six parties, some who had no experience in running an airline, responded with an initial call for interest but none was pre-qualified for the next step of the process.

Left-leaning politician Anura Kumara Dissanayake from the National People’ Party won last month’s presidential election. He had vowed to stop the sale of state assets which the former regime was pursuing. Dissanayake swiftly dismantled a government unit tasked with the sale of loss-making state agencies including SriLankan Airlines.

Ganegoda said the airline is an important pillar of tourism and responsible for 50 per cent of the tourist traffic into the country. Sri Lanka aims to reach 2.3 million arrivals this year with a target of three million tourists next year and five million by 2030.

He said while the sale of the airline has been stopped, there are plans to restructure the airline under a viable business model. “Some structuring of our operations is needed to strengthen the balance sheet,” he added.

Trends and challenges as China’s outbound market returns

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Alipay+ transactions triple as travellers pay like a local

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Malaysian Tourism Federation calls for efficient budget allocation to further strengthen tourism

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Banwa Private Island shows support for biodiversity conservation through arts and education

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RateHawk launches rail travel booking services

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RateHawk, in partnership with Rail Europe, has introduced a rail travel booking service on its platform, allowing its partners – travel agents, operators, and other industry professionals worldwide – to book rail tickets across various European destinations.

This new service complements the existing travel options already available on RateHawk, which include accommodation, flights, car rentals, and transfers.

Rail tickets across various European destinations are now available to book on Ratehawk

RateHawk’s partners can now book all travel components within a single system. Rail tickets are available across 13 European countries including France, the Netherlands, Hungary, Poland, Belgium, Luxembourg, the UK, Spain, Italy, Switzerland, Germany, Czech Republic, and Austria.

The new initiative streamlines the booking process for travel agents, allowing them to quickly filter options based on client preferences and select the best choices for their clients.

Travel professionals will have the flexibility to book trips using various payment methods, including payments by card, wire transfer, credit limit or overpayments, or by pay-by-link options – travel professionals can even book railway tickets using their credit limit.

Rail Europe’s product portfolio features leading railway carriers across Europe, including Italo in Italy, Renfe and Iryo in Spain, SBB CFF FFS and Rhätische Bahn in Switzerland, ÖBB in Austria, TGV InOui in France, Rail Delivery Group in the UK, Eurostar in France, the UK, the Netherlands, and Belgium, as well as RegioJet in the Czech Republic.

Fredrik Bonnalt, head of non-accommodation supply at Emerging Travel Group, RateHawk’s parent company, commented: “Rail travel offers great opportunities for our partners’ businesses, enabling them to meet customer needs and attract new clients.

“Rail transportation is widely recognised as the most environmentally friendly option, and with many companies prioritising carbon footprint reduction and incorporating Environmental, Social, and Governance initiatives into their corporate travel programs, our TMC partners can greatly benefit from this new booking service.”

Björn Bender, CEO of Rail Europe, added: “This dynamic partnership reflects our shared commitment to offering seamless travel solutions through advanced technology. At Rail Europe, we believe train travel is the best way to explore Europe – not only for its efficiency but also for its positive environmental impact. By empowering travel agents with the best tools to integrate rail services, we aim to make every journey a memorable experience for travellers.”

New eco-friendly experiences at The Westin Resort & Spa Ubud, Bali

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WTTC forecasts indigenous tourism to boost global economy

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WTTC has launched its Supporting Global Indigenous Tourism report at its 24th Global Summit in Perth, Western Australia, highlighting how indigenous tourism is projected to contribute US$67 billion to the global economy by 2034.

The report shows how indigenous tourism plays a crucial role in preserving cultural heritage, languages, and traditional practices, and showcases the sector’s role in driving economic growth, particularly in remote regions.

Australia is one of the countries that is incorporating indigenous experiences into national tourism marketing

Indigenous tourism is rapidly emerging as a key economic driver, creating jobs and economic value in remote areas. It promotes and protects indigenous people’s cultures, languages and lands, and gives visitors a unique opportunity to experience and learn about indigenous history and tradition.

With the global indigenous tourism market set to grow at a compound annual growth rate of 4.1 per cent over the next decade to reach US$67 billion, this sector is empowering communities to take control of their economic futures.

Interest and participation in Aboriginal tourism experiences continues to grow in Western Australia, while the indigenous tourism sector in Canada supports nearly 2,000 businesses, and over 39,000 jobs. In Panama’s Guna Yala region, tourism is the primary economic driver, sustaining the Guna people and their culture while creating a self-sufficient economy.

This economic boom is fuelled by increasing demand for authentic cultural experiences, in countries such as Canada, Australia, and the US, among others.

In Australia, more than 1.4 million international visitors engaged in indigenous tourism experiences in 2019, marking a six per cent year-on-year growth since 2010.

Western Australia Indigenous Tourism Operators Council (WAITOC) CEO Robert Taylor highlighted the importance of authentic indigenous experiences. WAITOC has worked closely with Tourism Western Australia to develop an action plan to support the continued development of indigenous tourism in the state – The Jina: Western Australia Aboriginal Tourism Action Plan 2021-2025 supports new businesses and encourages more Aboriginal people to work in the tourism industry.

Taylor remarked that “Western Australia is well on its way to becoming the premier destination for authentic Aboriginal experiences in the country”, naming programmes like Camping with Custodians as an example of “the continued growth of Aboriginal tourism in Western Australia”, along with a strong growth in product offerings, such as women-only experiences.

In Northern Europe, the Sámi people have developed certification marks such as Sámi Duodji to protect their rich traditions, while Peru’s innovative Kipi robot helps preserve endangered languages like Kukama, spoken by just 2,000 people.

Indigenous tourism is also a sustainable career path, exemplified by Canada’s Indigenous Tourism Association of Canada, which empowers communities to control their futures through tourism.

Meanwhile, countries like Australia and the US are increasingly incorporating indigenous experiences into national tourism marketing, ensuring authentic representation.

WTTC president and CEO Julia Simpson said: “This report demonstrates the immense potential of indigenous tourism to drive economic growth, particularly in remote regions, while preserving invaluable cultural heritage. As global demand for authentic experiences continues to rise, it is crucial that we support indigenous businesses and ensure they have access to the resources and funding needed to thrive.”

The full report can be viewed here.

Lesser-known Japanese cities get the spotlight

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