Category: Tourism

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 to target up market niche travelers. Built in Galle in Sri Lanka’s south in 1996 the hotel says it conforms to standards conforming to Small Luxury Hotels of the World, […]

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 and East Asia, data from the tourist promotion office showed. Visitors from Britain fell 0.4 percent to 4,452 while German arrivals rose a modest 3. 2 […]

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 own resort on a larger scale. The group owns a 79 percent stake in Beruwala Walk Inn, which operated the destroyed Hotel Swanee. It was earlier owned by […]

May 31, 2011 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, shipping, power and plantations said profits rose 20. 7 percent to 754.4 million rupees in the March 2011 quarter, with revenues flat at 6. 9 billion rupees. In the full year to March the group’s revenues rose 4. 0 percent […]

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 targeting niche markets, chairman Mohan Pandithage told shareholders. The hotel’s revenues had increased 31 percent to 102 million in the year to March and profits had increased 153 percent […]

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 profits coming from its Maldivian operations, interim accounts showed. It had also slightly increased investment in John Keells Hotels Mauritius. Revenues rose 11 percent to 1.9 billion rupees in […]

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 million rupees in the March 2011 quarter from 3.2 million rupees a year earlier. Sri Lanka is recovering from a three decade war which ended in May 2009 […]

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 Capital Alliance said. “However, there are a few key concerns that the industry should overcome to fully reap the benefits of the tourism boom. […]

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 boom after the end of the island’s ethnic war. A stock exchange filing said the hotel will convert into shares 5. 75 billion rupees (52 million US dollars) owed […]

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 jobs on countries ready for it, and trouble for those that aren’t, industry leaders say. With an estimated two billion new middle class consumers expected to come into […]

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 south Asia and the traditional Western European markets. Total arrivals were up 40.4 percent to 278,959 in the four months to April, data from the tourist […]

May 09, 2011 (LBO) – Sri Lanka’s LOLC group has closed three beach hotels it acquired recently – Riverina, Club Palm Garden and Tropical Villas – for refurbishment and modernisation. LOLC said at the time it was holding talks with a “few world-renowned hotel chains” that have shown interest in establishing a partnership with the […]