Tsunami destroyed hotels could bypass heavy compensation laws if they opt to layoff staff

Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers.Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers. The legal concept of frustration covers an external catastrophe, out […]

Tsunami cost to tourism far less than 9/11 attacks: industry leaders

The impact of the tsunami disaster on tourism in 2005 will be about 40 times less than that of the September 11 attacks on the United States, industry leaders said Friday at the opening of the World Travel and Tourism summit.The impact of the tsunami disaster on tourism in 2005 will be about 40 times […]

Ceylinco to tap US markets for money to build Hyatt hotel in Colombo

The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo.The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. The Sri […]

Hotels eligible for one-year import duty waiver, starting March 1, Ministry of Tourism.

Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. “The Finance Ministry agreed to grant an import duty waiver for the hotels for one […]

Tsunami victims to sue French hotel chain, Thailand, US forecasters

A group of Austrian and German victims of the Asian tsunami disaster are to file a lawsuit demanding that Thailand, a French hotel chain and US forecasters prove they reacted adequately to the disaster, their lawyers said Tuesday.A group of Austrian and German victims of the Asian tsunami disaster are to file a lawsuit demanding […]

Tourism authorities consider revising 2005 targets as tourist arrivals dry up

Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets.Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets. January is normally part of the winter tourism peak but January 2005 saw only 38,000 visitors […]

Cabinet clears proposal for duty free imports for hotels damaged by the tsunami

Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies.Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies. Hotels damaged by the tsunami can import reconstruction material free of all import duties, said the Ministry of Tourism on Tuesday. “Cabinet has approved, on principle, […]

The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines

The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The WTO had completed a Tourism Infrastructure […]

Page 100 of 113