Category: Tourism

Aug 30, 2011 (LBO) – Sri Lanka could attract 750,000 tourists from India over the next decade, or six fold if Sri Lanka can capture just 2. 4 percent of that country’s outbound market, an equities research report said. Even if Sri Lanka maintains its current market share of 1. 4 percent, the island could […]

Aug 30, 2011 (LBO) – Sri Lanka’s Browns Investments plans to build boutique hotels on two tea estates in the island’s central hills as it diversifies into the rapidly growing tourism industry. The island’s tourism industry has been growing rapidly with a sharp increase in arrivals after the end of the 30-year ethnic war in […]

Aug 26, 2011 (LBO) – Sri Lanka’s HVA group, a branded tea exporter, is building a 200 million rupee ‘forest garden’ resort with eco-friendly chalets near a national park in the island’s northwest, an official said. The resort, with 15 eco-friendly chalets powered by solar panels will be built on 50 acres of privately owned […]

Aug 25, 2011 (LBO) – Sri Lanka tourism sector would promote and showcase its wildlife assets in September to attract nature loving tourists with the largest gathering of Asian elephants also taking place during the month. Sri Lanka is only 140 miles across. These include the elephant, sloth bear, leopard and several species of whales […]

Aug 22, 2011 (LBO) – Sri Lanka’s Colombo Hilton hotel has filed its first accounts in about 20 years, revealing a loss of 1. 2 billion rupees in 2010 and accumulated losses of 10.3 billion rupees and auditors expressing a qualified opinion. Hotel Developers (Lanka) which owns Hilton Colombo Hotel said the loss in the […]

Aug 21, 2011 (LBO) – Adventurous travelers from Australia to Austria have set off on a three-wheeler drive from Sri Lanka’s international airport to the far corners of he country, braving unknown challenges. Travelling on a ‘tuk tuk’ or a trishaw, as the popular three-wheeled taxis are known in Sri Lanka, is an adventure even […]

Aug 20, 2011 (LBO) – Sri Lanka’s listed Asia Capital, which has interests in financial services, leisure, will invest 700 million rupees in hotels and plans to take two operating units public in the next two years, an official said. Asia Capital got 3.3 billion rupees after selling out of Asian Alliance Insurance. “We sold […]

Aug 11, 2011 (LBO) – Sri Lanka’s tourist arrivals rose 32 percent to 63,339 in July 2011 with visitors in the first seven months rising 36 percent to 465,324 data from the tourist promotions office showed. Pakistani arrivals surged 130 percent to 2,040 and visitors from the Maldives rose 38 percent to 3,336. Western European […]

Aug 05, 2011 (LBO) – Hotel Services (Ceylon) PLC, owners of Continental, the oldest 5-star hotel in Sri Lanka’s capital Colombo said it lost 2.3 million rupees in the June 2011 quarter, though revenues rose 24 percent to 136 million rupees. The new owners have said they planned to expand and upgrade the hotel. The […]

Aug 05, 2011 (LBO) – Sri Lanka’s Sunshine Holdings said June 2011 quarter net profit fell 46 percent to 63 million rupees from a year ago as earnings from plantations were eroded by a wage hike given to workers. Work on two other power projects is to begin soon ensuring the firm achieves its target […]

Aug 04, 2011 (LBO) – Heritance Ahungalla, an Aitken Spence group hotel has won the top award for the best hotel team and best culinary team overall in Sri Lanka’s Culinary Art 2011, the islands largest food and trade exhibition and competition. Aitken Spence said its hotels had won 145 medals in the competition where […]

Aug 04, 2011 (LBO) – Sri Lanka’s listed Citrus Leisure said it had bought a 51 percent stake in Lotus Travel International (Pvt) Ltd, a firm incorporated in 2004 to act as a travel agency, for 612,000 rupees. The filing did not say the travel firm had any operating business. The firm said in a […]