Category: Tourism

On Friday the shareholders of Associated Hotels Co. Ltd., agreed to sell the beach front property as funds for development was not forthcoming. rn rnCompany Spokesperson Kumar Mallimarachchi told Lanka Business Online that shareholders were unable to pump in additional funds to upgrade the hotel to compete with neighbouring star class hotels. rn rnldblquote Some […]

With a definite shift eastward of high spending MICE tourists, aggravated by 9/11, Sri Lanka is redoubling its efforts to offer more than sun, surf and sand.National carrier SriLankan Airlines has joined an industry effort to boost MICE tourist arrivals by 15.00 percent from last years 12.68 percent of arrivals, by the end of this […]

While, golf will remain the on the main menue, AmCham (American Chamber of Commerce), the tournaments organisers, will be busy serving up potential investment opportunities in Sri Lanka. rnldblquote We are working on a theme of lquote Peace in Sri Lanka and golf in paradise, dblquote says Susantha Pinto, Chairman of AmChams Golf Committee at […]

A record thirty-six bills are to be passed by parliament in August and September covering the financial sector, utilities regulation, the monetary authorities and fiscal management. The first of these bills will be presented for Cabinet approval with in the next two weeks and will be put before parliament starting next month. rn”The Prime Minister […]

Proceeds form the sale will go to write off the owning company quote s, Ceylon Holiday Resorts Limited, debt amounting to around Rs.250 million.rn rnJohn Keells officials said a lag in tourism and significant investments in their flagship hotel in the southern coast endash Benthota Beach Hotel in the recent past contributed to the build-up […]

The developers of Sri Lanka quote s first purpose built racetrack Speed Lanka (Pvt) Limited aspire to build a Formula One track in Trincomale around 2008.rn rnCompany officials are betting on the success of the purpose built track at Pannala, which will be developed to Formula Three standards by 2004, and the invitation by Premier […]

Managers to the sale DFCC Bank said the nine parties have time till June 3 to submit their proposals for the 150-bedroom property, which was earlier known as Robinson Club, Bentota. rnThe selected candidates includes, Confifi Management with Cino Lanka (of Kundanmal Group); Willam Bogstra with a group of Austrian investors; Serendib Leisure, Aqua Sun […]

rnSri Lankan’s CEO Peter Hill and Head of Commercial G.T. Jayaseelan are to meet with leading tour operators on a fact-finding mission to review pricing and ascertain demand prior to resuming operations. rnrnThe visit will also attempt to validate claims by the industry of insufficient capacity to satisfy the demand from German and Italian leisure […]

The recent hike, effective from April 1 has put hotels into a separate category, at a rate of up to Rs. 10.90 per unit of electricity. rnrnThis is over and above the previous net tariff rate of Rs. 5.44 a unit. rnrnHotels have been classified under the industrial tariff category since 1994, providing hotels with […]

Driven by the belief that Sri Lanka can offer more than just leisure tourism, hard driven efforts are underway to harness the business community in attracting high spending corporate tourists. rnrnldblquote We need a collective effort from various industry sectors to go out and actively bid for Sri Lanka to handle regional and international conferences […]

An exciting holiday in Malaysia has become affordable to many Sri Lankans under an amazing new package on offer from Emirates till end April.

The company recently joined forces with Serendib Leisure Management to acquire Hotel Sinbad in Kalutara. rnrnFollowing a Rs. 90 mn joint investment, the hotel was recently upgraded, pitching themselves now as an all-year round water sports destination. rnrnSituated an hour quote s drive away from Colombo, the hotel has attracted a large number Sri Lankan […]