Category: Tourism

June 04, 2013 (LBO) – Nilaveli Beach Hotel in Trincomalee in Sri Lanka’s Eastern coat said it had been recognized by Trip Advisor, a travel review site for two years running based on user responses.The Trip Advisor Certificate of Excellence is given only to the top 10 percent of businesses listed on the site, the […]

May 30, 2013 (LBO) – Sri Lanka’s Beruwala Walk Inn, a unit of Singapore-based Banyan Tree leisure group will re-build a hotel which was washed away in a tsunami in 2004, a top official has said.Banyan Tree gained control of Beruwala Walk in from John Keells Holdings in October 2003 and closed it for refurbishment […]

ARIS, May 30, 2013 (AFP) – Fewer Europeans are planning to go away for a summer holiday as economic austerity bites, a new study shows, with levels of foreign vacation travel at their lowest for eight years.No more than 54 percent of Europeans are planning to get away for summer holiday this year, according to […]

May 30, 2013 (LBO) – Anilana Hotels and Properties Limited has been given the nod to raise up to 960 million rupees through a public issue of shares, the Colombo Stock Exchange said.The firm will offer 40 million ordinary shares at 12 rupees a share to raise 480 million rupees and go up to 80 […]

May 28, 2013 (LBO) – Nepal’s Binod Chaudhary is expanding tourism investments in Sri Lanka and has also got preliminary approval for a greenfield cement factory in the island’s north, a media report said.Sri Lanka’s The Daily Mirror newspaper said Chaudhary is negotiating with owners for land in the Jaffna peninsular to build a 600,000 […]

May 27, 2013 (LBO) – Tourist arrivals to Sri Lanka rose 14.7 percent to 79,829 in April 2013, with Eastern Europe, China and Maldives showing gains but India and the Middle East weakening, official data showed.Arrivals from Western Europe, the top generating region rose 10 percent to 27,531, and was up 12.1 percent to 156,658, […]

Sydney, May 16, 2013 (AFP) – Tycoon James Packer has picked a British firm to design his proposed billion-dollar casino for Asian high-rollers in Sydney, saying Thursday it will be “instantly recognisable around the world”. The Australian mogul wants his 60-storey building to rival the Sydney Opera House in the iconic structure stakes and to […]

May 15, 2013 (LBO) – Melbourne based Crown group has submitted an investment application to Sri Lanka which is pending approval, investment promotion minister Lakshman Abeywardena said.. Crown, an entertainment and gaming group has been planning a 350 million US dollar mixed development in Sri Lanka’s capital Colombo, according to reports. Sri Lanka has also […]

May 12, 2013 (LBO) – Profits at Taj Lanka Hotels Plc, a unit of India’s Taj Hotels and Resorts rose 228 percent to 24.8 million rupees in the March 2013 quarter from a year earlier helped by as absence of forex losses, but revenues weakened. The firm reported earnings of 19 cents per share for […]

May 11, 2013 (LBO) – A 2.6 million US dollar ‘eco-friendly’ hotel will be built in Veyangoda town, Sri Lanka’s state investment promotion agency said.Coco Agro Hotels (Pvt) Ltd plans to build a 4-star class hotel with a 700-person conference centre which they expect to complete in 2014, the Board of Investment, which gives tax […]

May 08, 2013 (LBO) – Hotel Sigiriya Plc in central Sri Lanka and Club Dolphin Hotel on the Western Coast are being refurbished, the companies said.. Club Hotel Dolphin, a part of Sri Lanka’s Hemas group will be closed from May to October 2013, the company said in a stock exchange filing. Hotel Sigiriya will […]

May 07, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 7.7 percent to 98,155 in March 2013 with strong growth from key Western markets and China, but arrivals from India plunged, official data shows.In the first two months of the year arrivals were up 10.9 percent to 288,798. Arrivals from Western Europe, a key generating […]