“Sri Lanka Tourism needs a USD sales approach” – MTI
Tourism, along with foreign remittances, offers Sri Lanka the fastest, most impactful way to scale up the country’s foreign currency reserves. To enable this, Sri Lanka Tourism needs to make some tough and radical strategic choices.
According to MTI Consulting, the conventional approach to developing international tourism would be to first work on brand-positioning the country, then run Marcom campaigns and then let the Consumer (tourists) respond to it. This works well when the country is in normal times and it has the financial reserves to invest in developing the brand, expecting returns over a longer term. But, given the nation’s desperation for forex earnings, there needs to be a very strong sales-driven approach. This requires Sri Lanka to identify how and where the ‘low-hanging fruits’ are, i.e., ones that can translate to the cash flow immediately.
Based on a top-line opportunity assessment done by MTI Consulting, the ‘low-hanging fruits’ are in the MICE segments in the SAARC region, mainly India, with Pakistan and Bangladesh with significant untapped potential. After a hiatus of nearly 3 years (due to COVID), many companies are looking to motivate and energize their staff, via offsite conferences, motivational events and ‘entertaining’. Sri Lanka, with direct flights from all the main SAARC cities and less than 3 hours flying from most of them, is well-positioned to attract these MICE events (Meetings, Incentives, Conferences & Exhibitions). Sri Lanka’s airport in the South and the newer conference facilities built around this can be an impetus.
To realize this strategy, a very strong and impactful sales approach is required. This means everyone, from the Tourism Minister to the Ambassadors, from the Chairpersons of the Tourism Boards to their Senior Management, must be assigned Key MICE Accounts and set Customer Conversion Targets. This means they all need to first map their target catchments, identify the prospects, link with the key decision makers, and make a strong sales pitch.
“No doubt the country’s reputation has taken a beating in the last few months, but many countries go through such challenges and recover fast. Think Egypt, Thailand, France (Paris), Indonesia (Bali). Sri Lanka is an extremely resilient nation and has always bounced back from such challenges. The Tourism Ministry needs to just focus on two key enablers now, i.e., roll up their sleeves and start selling to bulk segments like MICE and provide the industry with some of the basics to operate like fuel and gas. For sure, we need to start strategizing, brand positioning and running Marcom Campaigns, but right now, the house is on fire, and you need the fire bridge, emergency surgery, and first aid. So as Richard Branson said, “Screw it – let’s do it!”, said MTI Consulting CEO Hilmy Cader.