Sri Lanka Jetwing upgrading two hotels, mulling new ones

July 09, 2010 (LBO) – Sri Lanka’s Jetwing leisure group has is spending 1. 3 billion rupees to expand and upgrade two hotels during this year and is evaluating other projects to meet a tourism boom after the end of a 30-year war, an official said. He said the group had 30 projects in a […]

Sri Lanka Continental Hotel in US60mn expansion

July 11, 2010 (LBO) – Continental Hotel, the oldest 5-star rated property in Sri Lanka’s capital Colombo will spend 60 million US dollars to expand and refurbish to cater to an expected influx of tourists after the end of a long running war, an official said. Sri Lanka’s listed Hayleys group bought a 51 percent […]

Sri Lanka Amaya Leisure in US$100mn expansion

July 10, 2010 (LBO) – Amaya Leisure, a firm connected to Sri Lanka’s Vallibel group said it would invest 100 million US dollars in the next four years in four new hotels in an aggressive expansion to meet growing demand post-war demand in the island, an official said. “We intent completing all these projects before […]

Sri Lanka okays foreign investment for two resorts in Kalpitiya

July 09, 2010 (LBO) – Sri Lanka has approved two resorts by foreign investors in a new tourism development area in Kalpitiya on the north-west coast that opened up for investment with the end of a war, a tourism official said. Tourism is booming in the island after a 30-year ethnic war ended in May […]

Sri Lanka draws cruise ships after end of war

July 08, 2010 (LBO) – Sri Lanka is once again becoming an attractive destination for cruise ship operators with the end of a 30-year ethnic war, the head of one of the island’s biggest conglomerates said. “Galle will be a very attractive destination to break journey. They would like to have a 3-4 day stop […]

Sri Lanka expects record tourist arrivals this year: official

July 03, 2010 (LBO) – Sri Lanka expects to get 600,000 tourists this year with the end of a 30-year war making the island an attractive destination once again, a senior tourism official said. Kalaiselvam said the country has accommodation to cater to only 750,000 tourists a year and that 3,000 more rooms would be […]

Sri Lanka lures Indian houseboat tourism firm

June 30, 2010 (LBO) – An Indian company has been given approval by Sri Lanka’s investment promotion agency to launch houseboat tourism services in a lake in the central hills, a statement said. The Board of Investment said SAJ House Boat Builders & Operators signed a deal to provide houseboat services in Nuwara Eliya with […]

Sri Lanka travel trade warns tourism boom has risks

June 29, 2010 (LBO) – A sudden influx of tourists in to Sri Lanka after the end of its ethnic war could bring risks such as threats to the island’s environment and cultural values, a senior travel trade official has warned. The trade should also ensure that income from tourism benefits more people, Nilmin Nanayakkara, […]

Sri Lanka hill country hotels to be refurbished

June 28, 2010 (LBO) – Sri Lanka’s The Kandy Hotels Company plans to refurbish two hotels in the central hill country town of Kandy which is a major tourist attraction, a stock exchange filing said. Many hotels have started or announced plans for refurbishment and upgrades to cater to the anticipated influx of visitors. It […]

‘s Arugam Bay surfing paradise hosts ASP World Tour

June 25, 2010 Arugam Bay, SRI LANKA (LBO) – Top professional surfers from around the world were at Sri Lanka’s Arugam Bay, a small village in the eastern coast of the island which was limited to an adventurous few until now. “But probably not as good as in Indonesia.” He says right breaking waves breaking […]

Sri Lanka Ceylon Hotels Corp to upgrade hotels

June 24, 2010 (LBO) – Ceylon Hotels Corporation, which has properties on prime locations throughout Sri Lanka, has lured a top executive from a big hotel group and plans to upgrade several hotels, a stock exchange filing said. The CHC, part of the Gale Face Hotel group, plans to spend 350-500 million rupees on the […]

Sri Lanka Serendib Hotels sells stake in Hotel Sigiriya

June 17, 2010 (LBO) – Serendib Hotels has sold part of its stake in Hotel Sigiriya, both part of Sri Lanka’s Hemas group, in a deal worth 40. 6 million rupees, a stock exchange filing said. Serendib Hotels, whose property is on a prime beach front on the south-west coast and is a major shareholder […]

Page 73 of 113