Sri Lanka Lighthouse in Rs300mn expansion
June 15, 2011 (LBO) – Listed Lighthouse Hotel, a unit of Sri Lanka’s Jetwing leisure group, is planning a 300 million rupee expansion and upgrade …
Tourism
Sri Lanka tourist arrivals up 39-pct in May
June 10, 2011 (LBO) – Tourist arrivals to Sri Lanka rose 39 percent to 48,000 in May 2011 from a year earlier, led by increases in visitors from India …
Sri Lanka resort planned by Banyan Tree, drops management deal
June 06, 2011 (LBO) – Singapore-based Banyan Tree Holdings said it was ending the management of a third party property in Sri Lanka but would develop its …
Sri Lanka Aitken Spence net up 20-pct in March
May 31, 2011 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, shipping, power and plantations said profits rose 20.7 …
Sri Lanka Hunas Falls hotel to increase rooms, push eco-image
May 31, 2011 (LBO) – Sri Lanka’s Hunas Hotel, located in the central hill district of Kandy will expand rooms and ride on its eco-friendly image …
Sri Lanka Keells Hotels net up 9-pct in March
May 26, 2011 (LBO) – Sri Lanka’s Keells Hotels’ profits rose 9 percent to 521 million rupees in the March 2011 quarter with most of the …
Sri Lanka Taj profits recover
May 25, 2011 (LBO) – Sri Lanka’s Taj Lanka Hotels, which owns a five star rated property in Colombo’s Galle Face area said profits rose to 52 …
Sri Lanka seen more expensive than rival tourist destinations
May 19, 2011 (LBO) – Sri Lanka appears to be priced at the top tier in hotel room rates compared to its regional rivals, a new report on the industry by …
Sri Lanka’s Galadari Hotel to convert debt into equity
May 19, 2011 (LBO) – Sri Lanka’s heavily indebted Galadari Hotel plans to convert debt into equity in an effort to take advantage of the tourism …
Travel industry looks to China, India, Brazil for boom
LAS VEGAS, May 18, 2011 (AFP) – China, India and Brazil are poised to fuel an explosion in international tourism in the coming years, showering money and …
Sri Lanka tourist arrivals up 67-pct in April
May 12, 2011 (LBO) – Tourist arrivals into Sri Lanka rose 66.7 percent to 63,835 in April 2011 from a year ago with sharp increases in visitors from …
Sri Lanka LOLC closes beach hotels for refurbishment
May 09, 2011 (LBO) – Sri Lanka’s LOLC group has closed three beach hotels it acquired recently – Riverina, Club Palm Garden and Tropical …
Sri Lanka gets Indian cruise liner
May 05, 2011 (LBO) – An Indian cruise ship owned and operated by a Chennai-based AMET Shipping India will start calling at Sri Lankan ports in May …
Sri Lanka stock market seen as funding option for hotels
May 04, 2011 (LBO) – Sri Lanka’s hotels, enjoying a boom after the end of a war, can seek expansion funds from the stock market, with banks having …
Sri Lanka Expolanka in travel deal with India’s Akquasun
May 03, 2011 (LBO) – Sri Lanka’s Expolanka Holdings and Akquasun Group based in Mumbai have formed a joint venture called Akquasun Lanka to focus …
Sri Lanka hotel profit margins on the rise: report
May 01, 2011 (LBO) – Profit margins of Sri Lanka’s tourist hotels are widening with an influx of arrivals and rising room rates after the end of …
Sri Lanka Sunshine links with Singapore travel firm
Apr 29, 2011 (LBO) – Sri Lanka’s listed Sunshine Holdings said it was forming a joint venture with SilverNeedle hospitality of Singapore to build …
Sri Lanka tourist arrivals up 43.5-pct in March
Apr 12, 2011 (LBO) – Sri Lanka’s tourism arrivals rose 43.5 percent in March 2011 to 75,130, with steep increases seen from South Asia and several …
Sri Lanka sees interest from Marriot, Hyatt
Mar 23, 2011 (LBO) – International hotel chains Marriot and Hyatt have shown interest in Sri Lanka’s southern Hambantota city, which is bidding for …
Sri Lanka UN tourism confab to debate media
Mar 22, 2011 (LBO) – Sri Lanka will host a United Nations backed tourism conference covering Asia Pacific which will also debate the role of media in …