Category: Tourism

Nov 13, 2013 (LBO) – Changing demographics in India and China could make Sri Lanka ‘a leading tourist mecca’ for the rising middle class in Asia, head of Crown Australia, James Packer said.Wealthy Chinese wanted luxury travel, luxury hotels, signature restaurants, quality entertainment, gaming, casinos and high-end retail, he said. “These factors explain why Chinese […]

SYDNEY, November 12, 2013 (AFP) – Gambling mogul James Packer’s plan to build a .5 billion casino in Sydney aimed at Asian high-rollers has won crucial support from the state government.The New South Wales government late Monday struck a “binding agreement” for the project to operate from November 2019 in a prime location on Sydney […]

Nov 05, 2013 (LBO) – Sri Lanka’s The Kingsbury Plc, a city 5-star hotel said it made profits of 26 million rupees in the September 2013 quarter, re-starting operations after going through a make-over. In the first week of September The Kingsbury raised 660 million rupees from shareholders in September. The firm reported earnings of […]

Nov 05, 2013 (LBO) – Sri Lanka’s Aitken Spence group said it is building a 100 million US dollar 500-roomed luxury hotel with RIU Hotels, a Spanish chain as a partner. Aitken Spence deputy chairman Rajan Brito said the hotel will be completed when an expressway in the south of the island is extended to […]

Nov 04, 2013 (LBO) – Sri Lanka’s Trans Asia Hotel Plc, which owns Colombo’s Cinnamon Grand Hotel said profits fell 10 percent to 194 million rupees in the September 2013 quarter from a year earlier.The firm reported earnings of 97 cents per share.For the six months to September the firm reported earnings of 1.58 rupees […]

Nov 04, 2013 (LBO) – Sri Lanka Ports Authority has seen an 8 percent increase in containers handled up to October with volumes topping 2.0 million containers by October, an official said.Sri Lanka Ports Authority owns and operates the Jaye container terminal in Colombo. SLPA operations director Upali Soyza said its terminal had handled 2,066,000 […]

Nov 04, 2013 (LBO) – Sri Lanka has been included in the Indian Ocean itinerary of boutique US-based boutique cruise firm, Sea Dream Yacht Club, which caters to upmarket travellers using mega-yachts.The firm is represented in Sri Lanka by Helanka Vacations.The next Sea Dream cruise covering India, Sri Lanka and Singapore is scheduled for April […]

Nov 03, 2013 (LBO) – Sri Lanka’s Eden Hotel Lanka Plc said it is buying a 76-room resort for 1.5 billion rupees from LOLC Leisure, its holding company. The company has six acres of land. In January 2012, LOLC group said it bought Dickwella Resort and Spa for 1,014 million rupees. Corrected Dickwella Resorts and […]

Nov 01, 2013 (LBO) – Sri Lanka’s Aitken Spence Hotels will add another hotel to properties under its management in Oman, taking the total to six, an official said.Aitken Spence also owns and manages hotels in India and the Maldives as well as Sri Lanka and is an expanding regional leisure group. The firm operates […]

Oct 29, 2013 (LBO) – Water’s Edge, a hospitality facility coming under Sri Lanka’s Urban Development Authority is seeking investors to build a 200 room hotel, an official said.He said there was already interest from several investors and one will be chosen to build the hotel. Water’s Edge, which was built as a golf club […]

Oct 22, 2013 (LBO) – Sri Lanka’s John Keells Holdings says the size and scope of a 650 million US dollar plus project which also involves a casino has not changed as investment approvals appeared to be taking longer.Tax breaks for two casino resorts, the second to be built by Australia’s Crown group were due […]

Oct 22, 2013 (LBO) – Sri Lanka will issue new gazettes clarifying tax breaks offered to two casino resorts, and is also looking to come up with rules to address concerns raised, investment promotions minister Lakshman Abeywardene said.Two gazette notices giving tax breaks to large integrated resorts involving casinos to be built by Sri Lanka’s […]