Banyan Roots

Returning to where it was all supposed to begin over 10 years ago. Sri Lanka the prime destination for a concept that is intricately woven into the splendours of the land, crafted to perfection by its staff to bring an experience that will make you smile.Making up for lost time, Banyan Tree Holdings is once […]

Lease of Life

Kandy Hotels Company is finalising its lease agreement with leisure magnate Adrian Zechas Aman Resorts, to take over management of its Queens and Suisse Hotels. The company began talks with the leisure chain last year, for the much needed funding to upgrade the properties, modelling it on the well-known luxury resorts.rn rnKandy Hotels owns a […]

Spruced Up

Hoteliers in once conflict areas of the north and east can apply for low cost funding of up to Rs. 50 mn to refurbish properties damaged at the height of war.rnrn ldblquote We are processing the applications, but five hotels in the East have already received the low interest loans dblquote , Tourism Minister Gamini […]

Changing Faces

The Tourist Board says visitors need to take away a piece of their experience in Sri Lanka when visiting the vast attractions the island has to offer. Officials say Sri Lankan handicrafts are largely limited to the elephants, masks and beach memorabilia, giving the visitor few options to remember the sites they have visited.rn rnSmall […]

Rest In Peace

The government urban planning agency (UDA) is considering the full or part sale of over 40 Rest Houses under its ownership.The urban development authority says it is looking for proven hotel chain managers to take an equity stake and manage the rest houses.rn rnThe agency is keen to attract one or more top hotel chains […]

Tax Free

Asian Hotels will merge with fully owned subsidiary Crescat Developments (CDL) to take up recent tax relief offered to help under performing industries. The government in March offered the concessions for companies to merge with non-performing industries.rn rnThe merger will give the two firms an additional three year tax holiday and customs duty and exchange […]

Green Paper

The government has rolled out its first draft of a national eco-tourism policy, mapping out development guidelines for mushrooming, unregulated eco-tourism outfits. A Norwegian sponsored study begun early this year developed the blueprint for eco-tourism development, identifying also, five pilot projects in the Southern region.rn rnPublic debate has already begun, with the Tourism Ministry calling […]

Holiday Tax

A one percent levy on turnover will be charged on all Tourist Board licensed institutions, under the new Finance Bill, passed Thursday. The tax will cover about 1000 licensed institutions under the Tourist Board Development Act and will be enforceable from September this year.rn rnAn initial Rs. 7.5 mn is to be raised, Tourist Board […]

Riding a Chopper

The Civil Aviation Department says it is talking to the Ministry of Defence and Airport authorities to issue the permits.rn rnCommercial helicopter services were banned in the late 1980s due the then intensifying civil war between the LTTE and government forces. rn rnSenior Civil Aviation Department officials say the five firms are looking to setup […]

Tourism bull

The tourism market is expected to grow at 20% a year over the next five years according to stockbroker estimates. They also say that high spending tourists and business travel traffic is improving with positive effects on the industry.Analysts say the sector could expand if the current trends in politics and global tourism continue.rn rnDFCC […]

Beyond Beaches

Surviving through two decades of fluctuating fortunes, tourism is now moving to giddier heights of the big spenders and a niche of expensive boutique hotels. With war fears somewhat allayed, analysts expect an annual 20 percent growth rate for tourism over the next five years if the ceasefire holds.rn rnIn the first year of the […]

Silent Watch

Watching for a leopard is patient labour; Studying the elusive and protected wildcat is something else altogether. But prohibitive research costs has conservationists turning to guided tourism as a gold mine and a possible solution.Sri Lankas national parks like the one at Yala, are home to a distinct sub-species of leopard, Panthera pardus kotiya.rn rnldblquote […]

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