Category: Tourism

Aug 10, 2010 (LBO) – Thailand’s Minor International has struck a deal with Sri Lanka’s Hemas group to acquire and upgrade a beach resort for 22 million dollars under the ‘Anantara’ brand. A stock exchange filing said Hemas subsidiary Serendib Hotels has got 19.9 percent and Minor International 80.1 percent of the shares of Cyprea […]

Aug 09, 2010 (LBO) – Sri Lanka’s Sigiriya Village Hotels is planning a rights issue to raise funds to refurbish and renovate its hotel in the island’s north-central region, a stock exchange filing said. The company, which has a stated capital of 175 million rupees, is to issue 2. 1 million ordinary shares priced at […]

Aug 09, 2010 (LBO) – Losses at Sri Lanka’s John Keells Hotels rose in the June 2010 quarter from a year ago but it increased investments in new hotels and upgrading existing ones, a stock exchange filing said. The unit of the John Keells Holdings conglomerate said the net loss for the quarter widened 12 […]

Aug 06, 2010 (LBO) – Maldivian investors are to set up a 150-room tourist resort at Passikudah, in Sri Lanka’s eastern Batticaloa district with an investment of six million US dollars, the investment promotion agency said. The Board of Investment said it gave approval for the venture by Blue Continent to set up the resort […]

Aug 03, 2010 (LBO) – Sri Lanka’s Aitken Spence group net profit in the June 2010 quarter rose 50 percent to 440 million rupees from a year ago, a stock exchange filing said. “We have aggressive plans to strengthen our tourism interests in the island to position Sri Lanka as a high-end sustainable tourism destination, […]

July 31, 2010 (LBO) – The British government has removed a travel warning on Sri Lanka advising against visits to the former northern war zone, following the withdrawal of previous travel warnings in the rest of the island. A British Foreign and Commonwealth Office (FCO) statement said it no longer advised against all travel to […]

July 22, 2010 (LBO) – Sri Lanka’s Amaya Reef, a listed company, has been spun off by its parent Amaya Leisure at prices of up to 5.00 rupees a share, but will continue to be managed by the group, an official said. “This will be the first fully publicly owned company under Amaya management,” Nimal […]

July 21, 2010 (LBO) – A beach stretch from Tangalle Bay to Weligama in Sri Lanka’s south and Bentota in the southwest have been named among the top 10 in Asia by Forbes, a business magazine. Sri Lanka is expecting 600,000 tourists this year and 2. 5 billion by 2016. The New York Times has […]

July 20, 2010 (LBO) – Sri Lanka’s hoteliers say 10 billion US dollars have to be invested to more than double the country’s hotels rooms to 35,000 by 2016 to cater to an expected 2.5 million tourists, but the journey is not a cake walk. Investment Plans Sri Lanka’s Amaya Leisure says it wants to […]

July 19, 2010 (LBO) – Sri Lanka is to call for tenders from investors to build a marina at a new tourist resort being developed on the island’s north-western coast, a senior tourism official said. Tissa Sooriyagoda, project director at the Sri Lanka Tourism Development Authority, said the Kalpitiya tourist resort covers a total of […]

July 19, 2010 (LBO) – Sri Lanka’s leisure operators will push up room rates by about 20 percent in the coming winter season, amid a post-war tourism boom that has seen a near 50 percent jump in arrivals, officials said. John Keells Holdings said it had seen an immediate increase in its coastal resorts and […]

July 12, 2010 (LBO) – Sri Lanka’s Aitken Spence group is planning to put 78 million US dollars in to the leisure sector after a war ended in Sri Lanka with new hotels in the south western coast being started first, an official said. “We envisage a post-war investment around 9. 0 billion rupees (78 […]