Theft Surge Forces Sri Lanka’s Rental Industry into Costly Security Battle - LNW Lanka News Web
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1 Articles
Theft Surge Forces Sri Lanka’s Rental Industry into Costly Security Battle - LNW Lanka News Web
By: Staff Writer August 10, Colombo (LNW): Sri Lanka’s tourism recovery is creating strong demand for rental vehicles, but an increasingly sophisticated wave of organised car theft threatens to raise costs and undermine confidence across the sector. The country’s car-rental industry has developed into an estimated US$75 million market, expanding at roughly 22 percent annually following the lifting of vehicle import restrictions and the resurgenc…
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