Category: Tourism

Feb 07, 2011 (LBO) – Sri Lanka will lease 500 acres of land in the east coast to hotel developers on a one-off payment for around 10 billion rupees (90 million US dollars) and the same model is likely to be followed in the north west Kalpitiya area, an official said. Hong Kong based Shangri-La […]

Feb 07, 2011 (LBO) – International luxury hotel chain Six Senses has pulled out of a deal to manage a resort being built on an islet off Sri Lanka’s north-west coast, according to company officials. Shivdasani said another project with Sri Lanka’s Aitken Spence group was going ahead near the southern town of Galle with […]

Feb 07, 2011 (LBO) – Sri Lanka’s Continental Hotel, bought by the Hayleys conglomerate last year, has reduced its losses in the December 2010 quarter which marks the beginning of the peak tourism season, latest results showed. The hotel, the island’s oldest 5-star rated property in the capital Colombo, reduced its loss to 1. 8 […]

Feb 01, 2011 (LBO) – Sri Lanka’s state-owned Sri Lanka Insurance Corporation will invest in the fast-growing tourism sector by building a hotel in the island’s southern coast, a senior official said. “We are in the process of finalizing details for land in Hambantota to build a hotel,” Mohan De Alwis, managing director and chief […]

Jan 29, 2010 – (LBO) – Sri Lanka’s second hotel project by Hong Kong based Shangri-La group will be built in Hambantota in the south of the island, an official of the island’s investment promotion agency said. Board of Investment (BOI) director Duminda Ariyasinghe said the hotel will be built on private land which the […]

Jan 28, 2011 (LBO) – The Sri Lanka Navy has ventured into wild life tourism by offering whale watching tours to the public off the island’s southern tip of Galle starting next month. The Navy is to deploy the fast passenger vessel (FPV) 503 previously used to transport service personnel and civilians between the eastern […]

Jan 25, 2011 (LBO) – Sri Lanka Tourist board wants to promote home stays giving the opportunity to a broader section of the community to participate in the sector and get jobs, an official said. Sri Lanka’s tourism promotion office is launching a ‘home stay and bungalows’ program as tourist arrivals rose 46 percent last […]

Jan 24, 2011 (LBO) – Hong Kong based Shangri-La hotels is looking for a coastal property to build a resort hotel, after buying state land in Sri Lanka’s capital Colombo for a hotel, shopping and apartment complex, a media report said. Bloomberg, a newswire quoting Treasury secretary P B Jayasundera said Shangri La was looking […]

Jan 20, 2010 (LBO) – Sierra Cables, a listed power cable maker said it will build hotels in a joint venture with another group as strong tourist arrivals increased drew investment capital into the sector. Colombo is to see at least two 500 million dollar hotel and apartment development complexes on state land and existing […]

Jan 18, 2010 (LBO) – Swiss-based MÅ‘venpick Hotels and Resorts, which is to manage a city hotel in Sri Lanka’s capital Colombo is looking for opportunity to run a resort elsewhere in the island, an official said. The group has a 12-year deal with options to extend another 10 years with Softlogic. Softlogic has interests […]

Jan 15, 2010 (LBO) – Sri Lanka is expecting 1. 5 billion US dollars of mainly hotel project starts in 2011 as investors pour money into the sector in the wake of booming tourist arrivals following the end of a war, economic minister Basil Rajapaksa said. The two firms have to pay 125 million US […]

Jan 14, 2010 (LBO) – A Chinese aviation firm will build a 500 million US dollar hotel and shopping complex in the main beachfront of Sri Lanka’s capital Colombo, the government said. Shangri-La will get state land on which a military sports ground was located. China National Aero Technology Import and Export Corporation (CATIC) will […]