Businessman Dhammika Perera buys Beach Resorts for Rs330mn

Dec 27, 2016 (LBO) – Sri Lankan business tycoon Dhammika Perera has bought control of Beach Resorts limited for 330 million rupees, Amaya Leisure said. The Board of Directors of Amaya Leisure announced to the Colombo Stock Exchange that it has taken a decision to divest its entire shareholding in The Beach Resorts Ltd, a […]

Sri Lanka’s Fortress Resorts to build Rs2.1bn 5-star hotel in Weligama

Dec 27, 2016 (LBO) – Sri Lanka’s Fortress Resorts through its fully owned subsidiary La Forteresse private limited has made an initial investment of 364 million rupees to set up a five Star Hotel in Weligama. The hotel project is undertaken by Alila Hotels & Resorts private limited owned by La Forteresse at an estimated […]

200 Chinese couples eye mass wedding in Sri Lanka

Dec 08, 2016 (LBO) – Sri Lanka’s capital Colombo has been chosen by 200 Chinese couples to hold a mass wedding event. Tourism Development Minister John Amaratunga told Parliament today there is growing interest among the Chinese and Indians to hold mass weddings in Sri Lanka. “Already, reservations have been made for 200 Chinese couples […]

Sri Lanka’s first management accreditation for tourism unveiled

Dec 07, 2016 (LBO) – Sri Lanka’s first ever professional management accreditation for its surging tourism and hospitality sector has been unveiled in Colombo. Certified Management Accountants Sri Lanka has introduced this specialized Finance and Management Accounting programme for the hospitality industry in collaboration with Sri Lanka Institute of Tourism and Hotel Management. Inaugurating the […]

Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million target in sight

Dec 06, 2016 (LBO) – Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets continuing their growth momentum. In the first 11 months arrivals rose to 1.82 million, up by 14.7 percent, making two million mark for the year achievable. December is likely to be […]

Sri Lanka tourism daily rate performance ahead of peers: STR

Dec 05, 2016 (LBO) – Sri Lanka’s 15.6 percent increase in the average room or daily rate (ADR) for tourism during the first ten months of the year puts its performance ahead of other countries in Southeast Asia in terms of rate growth, including, India, Thailand, Philippines, Malaysia, Vietnam and Indonesia, STR said in a […]

Sri Lanka tourism growth requires continuous effort: ForwardKeys

Dec 02, 2016 (LBO) – Flight bookings for travel to Sri Lanka during the next five months shows a modest 1.3 percent growth compared with the same time last year, according to tourism analytics firm ForwardKeys. The insights come from their analysis of 16 million flight bookings made by travel agents, research that was presented […]

Sri Lanka hotels report sharp rate growth of 15 pct: STR

Nov 18, 2016 (LBO) – A study by analytics firm STR shows that Sri Lanka’s hotel market recorded strong performance growth through September 2016, driven by a sharp increase in the average daily rate (ADR). In year-over-year comparisons with the first nine months of 2015, Sri Lanka hotels reported a 15 percent increase in ADR […]

Anantaya – Chilaw wins at World Luxury Hotel Awards 2016

(PRESS RELEASE) – Anantaya Resort & Spa – Chilaw did Sri Lanka proud on the global tourism stage, grabbing the Country Award for Luxury Hotel and Conference Centre in addition to walking away with the coveted Regional Award for Luxury Wedding Destination at the 2016 World Luxury Hotel Awards ceremony held in Qatar. Setting a […]

‘s tourism minister highlights red-tape as major challenge

Nov 09, 2016 (LBO) – Sri Lanka’s ambitious plans to develop its tourism sector are being held up by too much bureaucracy, according to the island’s Minister for Tourism, John Amaratunga. Speaking ahead of the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo, he said: “One of the biggest challenges is the bureaucracy. […]

Sri Lanka tourist arrivals up 14-pct in October 2016, India, China lead

Nov 07, 2016 (LBO) – Tourist arrivals to Sri Lanka were up by 13.7 percent in October 2016 from a year ago with Indian and Chinese markets growing in double digits, data from the state tourism office showed. Arrivals were up 13.7 percent to 150,419 visitors in October 2016 from 2015’s 132,280 visitors. India recorded […]

Aitken Spence Travels Brings in Russian Charter to Sri Lanka

(PRESS RELEASE) – Aitken Spence Travels, the premier destination management company in Sri Lanka in collaboration with Coral Travel & their airline charter arm, Royal Flight in facilitating their first charter flight from Russia to Sri Lanka for winter 2016/17. The charter arrived this morning, 1st of November 2016 to the Bandaranaike International Airport. The […]

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