Category: Tourism

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 […]

Jan 14, 2010 (LBO) – Investors connected to Taj Samudra hotel in Sri Lanka’s capital Colombo may build another hotel in the same premises, economic development minister Basil Rajapaksa said. The Taj group said late last year that the existing 5-star Taj Samudra may go through a 60 million US dollar upgrade. The group manages […]

Jan 12, 2011 (LBO) – Sri Lanka’s tourist arrivals in December 2010 rose 48. 8 percent to 84,627 from a year earlier, driven by sharp increases from traditional European markets seen due to the winter season, official data showed. Tourists from Denmark, Finland and Sweden saw increases of over one hundred percent during the month. […]

Jan 05, 2011 (LBO) – Sri Lanka’s East West Properties plans to make a rights issue to raise funds to invest in the booming tourism industry and for working capital for ongoing projects, a stock exchange filing said. “The purpose of the rights is to provide working capital for the ongoing funding of East West […]

Jan 04, 2011 (LBO) – Sri Lanka expects to announce the investors who have been chosen to develop 10 islands in Kalpitiya, off the north-west coast for tourist resort development in the next two weeks, the chairman of the tourism office said. The government embarked on developing resorts in the north-west region after the end […]