Category: Tourism
Sri Lanka promotes whale and dolphin watching tourism for Blue Economy
Mar 03, 2016 (LBO) – Sri Lanka with the Indian Ocean Rim Association (IORA) has come forward to build a sustainable whale and dolphin watching tourism in the Indian Ocean region. Indian Ocean Rim Association has 20 members including Sri Lanka, Australia, Bangladesh, India, Indonesia, Seychelles, Iran, Malaysia, Mauritius, Singapore, South Africa, Thailand and United […]
China positive on trade, investment says Malik after visit
Mar 02, 2016 (LBO) – China is positive about Sri Lanka’s prospects as a strategically located platform for trade, investment and tourism, a statement issued following Minister Malik Samarawickrama’s recent visit to China said. “They saw opportunities for strengthening bilateral cooperation and looked forward to Prime Minister Ranil Wickramasinghe’s visit to China in April to […]
Sri Lanka’s hills to get new domestic airport
Feb 17, 2016 (LBO) – Sri Lanka’s Ministry of Transport and Civil Aviation said that a new domestic airport to land light aircraft’s will be constructed in Haputale, in the the island’s central hill country. “It will be for the purpose of landing light aircraft under the programme of promoting the internal airport network,” the […]
Sri Lanka’s Carsons Cumberbatch December net up 66-pct
Feb 12, 2016 (LBO) – Sri Lanka’s Carsons Cumberbatch group profits rose 66 percent to 1.2 billion rupees in the December 2015 quarter from a year earlier, interim accounts showed. Carsons revenues were fell 9 percent to 20.6 billion rupees, while sales costs also fell 3 percent to 15.3 billion rupees, resulting in a gross […]
Aitken Spence records Rs. 1.1bn as PBT in third quarter
Leading conglomerate Aitken Spence PLC posted its interim results to the Colombo Stock Exchange (CSE) released on Friday. The blue-chip’s financial results for the quarter ended 31st December 2015 saw profit-before-tax decrease by 25.3 per cent to Rs. 1.1 bn while profit attributable to equity holders decreased by 26.7 per cent to Rs. 637 mn. […]
Sri Lanka can be pendent in the necklace: Tourism officials
Feb 11, 2016 (LBO) – Sri Lanka is a market on the verge of taking off as tourist hot spot and the island should try to lure more brands into the country, a senior industry official said. “Sri Lanka is the pendent in the necklace, you have unique location right in the middle of the […]
Sri Lanka tourist arrivals up 24.3-pct in Jan 2016
Feb 08, 2016 (LBO) – Sri Lanka’s tourist arrivals were up 24.3 percent to 194,280 in January 2016 from a year ago, latest statistics show. Arrivals from India grew 26 percent to 28,895 in January 2016 from a year ago while Chinese visitors rose 122 percent to 26,083, data from the tourism office said. In […]
Uga Escapes, unveils Chena Huts
Uga Escapes consolidated its position in the leisure industry this month by unveiling its newest addition to its range of luxury boutique hotels, Chena Huts, a chic hideaway nestled deep within Yala constructed with an investment of Rs. 800 million. The luxury boutique hotel is located on a seven-acre expanse of land and comprises 14 […]
Aitken Spence Resorts to buy Al Falaj Hotel for USD36.4 mln
Jan 27, 2016 (LBO) – Oman Hotels and Tourism Co said on Monday its shareholders have unanimously approved the RO14mn (USD 36.3 million) sale of Al Falaj Hotel to Aitken Spence Resorts (Middle East). An extraordinary general meeting (EGM), held on Sunday, decided to sell the ‘assets and business’ of the hotel, Oman Hotels and […]
Sri Lanka tourism poised for strong growth: JLL
Jan 14, 2016 (LBO) – Sri Lanka is on the brink of a strong reform agenda and transformational change that could pave the way for inclusive and balanced growth, JLL said in a research report focusing on the tourism sector. For the hospitality industry, this means aiming for 2.2 million tourists, up from 1.8 million […]
George Soros looking at investment opportunities in Sri Lanka
Jan 07, 2016 (LBO) – Global investor George Soros said that his team is in the Island and are looking at investment opportunities. “In addition to my people connected to the Open Society Foundation, my investment person is also in Sri Lanka to look for opportunities,” George Soros, a global investor and Founder Chairman of […]
Tourist arrivals in Sri Lanka up 17.8-pct in 2015
Jan 04, 2015 (LBO) – Tourist arrivals to Sri Lanka were up 17.8 percent with 1.8 million visitors recorded in 2015, the tourism office said. December arrivals grew 15.4 percent to 206,114 from a year ago with total annual arrivals at 1,798,380, provisional data from the tourism office showed. Indian arrivals grew 30.3 percent to […]