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  • Sector - Hotels and leisure


  • #2
    https://www.businessinsider.com.au/t...18-9?r=US&IR=T

    12 things I wish I'd known before going on safari in Sri Lanka, which I'm convinced is going to be Asia's next tourist hotspot

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    • #3
      Jetwing chief hails 'So Sri Lanka' tourism campaign

      Nov 04, 2018

      ECONOMYNEXT - The new 'So Sri Lanka' tourism promotions theme and campaign is the best that has ever been, one of the country's leading hospitality and travel groups said, two days before its launch.

      ECONOMYNEXT - A tourism promotion campaign styled 'So Sri Lanka' has drawn praise from the head of one of the island's top leisure groups.

      "This is the best campaign I have seen in my professional life," Jetwing Group Chairman Hiran Cooray said yesterday.

      Jetwing, a family owned hotels and travel company, is among the three largest industry firms in the country.

      "They have included all aspects of Sri Lanka, from beaches to wildlife to culture," Cooray said.

      "The material is great," he said.

      The campaign with the tagline 'So Sri Lanka' will debut at the WTM London travel show tomorrow (November 05).

      J. Walter Thompson created the campaign, which will cost the state two million dollars, funded through levies collected from formal tourism businesses and one third of the airport tax.

      Tourism stakeholders would be hoping for consistency, as in the past, within a period of 10 years, Sri Lanka's tag line changed multiple times, ranging from 'Refreshingly Sri Lanka', 'Small Miracle', 'Wonder of Asia' to 'A Land Like No Other'.

      In a combination of factors including a lack of promotions, competition from the informal sector and poor management of hotels has seen the formal industry suffer, and is now going through a phase of mergers and acquisitions.

      John Amaratunga the official tourism minister until last week, had said that Sri Lanka had been marketed as a tourism destination mainly through word of mouth, instead of state promotions efforts over the past few years.

      A new Tourism Minister, Vasantha Senanayake, was appointed after a controversial change in Prime Minister last week.

      Usually, new ministers roll back all policies and programmes of their predecessors, especially if the political party in power changes.

      However, Senanayake, speaking to employees at the ministry yesterday, had pledged to support the promotion campaign to be launched.

      "He was very supportive of letting us carry on with the campaign," an official source said.

      "He said he wasn't going to change anything as long as it's beneficial for the country and he won't look through the lens of a political party."

      An off-season promotion, television advertising and a digital marketing campaign are ongoing.

      Industry sources said there have been changes at Sri Lanka Tourism Promotions Bureau, with Chairman Dehan Seneviratne leaving following recent political turmoil.

      Managing Director Sutheash Balasubramaniam left as well after his contract expired yesterday. Renewing a contract requires cabinet approval, sources said. (Colombo/Nov04/2018)
      "The best values today are often found in the stocks that were once hot and have since gone cold"

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      • #4
        Hotels Association poised to make major economic contribution

        2019-01-01

        The hotel industry remains the only industry in the country which has the potential to turn around the sluggish economy. We eagerly look forward to the opportunity of partnering with the government in taking Sri Lanka’s economy to new levels, with proper incentives and conditions in place similar to those in other countries in the region, The Hotels Association of Sri Lanka (THASL), said in a year-end statement yesterday.


        “We further request the government to pursue both legal and policy reforms that will recognize tourism as an export industry and establish the necessary framework for a vibrant, diverse and successful tourism industry in Sri Lanka,” THASL President Sanath Ukwatte said.


        THASL requests the government, once again, to treat the industry fairly. “Excessive and arbitrary taxation has made it very difficult for our member hotels to compete with other regional countries. Sri Lanka’s hotels pay 22 percent tax on the total revenue (not profit) in addition to corporate income tax (on profit).

        This includes taxes such as Value Added Tax (VAT), Nation Building Tax (NBT), Tourism Development Levy (TDL) and Economic Service Charge (ESC). This multiple taxation on both revenue and profit creates an environment that is unfavorable for Sri Lanka’s hotels and thereby makes our tourism offering uncompetitive in comparison to our neighbours. This is our strongest disincentive in developing the tourism industry.”


        “In addition to the existing revenue-based tax burden, the tourism industry is also faced with municipalities and local governments threatening to charge an additional 1percent tax on total revenue. We believe this tax is entirely unrealistic, discriminatory and arbitrary as it only targets the hotel industry. Hotels already pay annual municipal and local government rates to cover municipal and local government services. We request the Government to abolish all such arbitrary taxes and adopt a simplified and fair tax policy similar to that applicable in other countries in the region. This is an urgent priority,” Ukwatte added.


        “We would like to see the government taking some meaningful steps in the New Year to relieve us of uncompetitive tax burdens and encourage the sector to enhance and grow. We are hopeful that the budget for 2019 will accommodate our requests, in order to realize and strengthen the inherent potential of the industry.”


        THASL, which has a member base of over 250 hotels, said Sri Lanka is now steadily on the path to recovery, following a series of internal issues that rocked the industry.



        http://www.dailymirror.lk/article/Ho...on-160509.html

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        • #5
          Higher taxes also prompt businessman to find ways to circumvent the

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          • ruwan326
            ruwan326 commented
            Editing a comment
            I think you miss "tax payments as well." part :)

        • #6
          Sri Lanka's Hunas Falls soars amid take-over offer

          Jan 07, 2019

          Sri Lanka's Hunas Falls Hotels Plc, a hotel in Sri Lanka's knuckles mountain range has soared 19.3 percent amid a take-over offer.

          Carbotels (Pvt) Ltd, and Amaya Leisure Plc has which own 66.2 percent of the firm has received a take-over-offer for their entire holding subject to due diligence, Hunas Falls said in a stock exchange filing.
          No price was mentioned.

          On Friday the stock gained 21.40 rupees to close at 131.80 rupees.

          In the six months to September 2018, the hotel earned revenues of 68.7 million rupees up 4 percent from a year earlier and lost 1.3 million rupees.

          But a profit of 4.8 million rupees, down from 6.5 million rupees was posted for the quarter.
          The hotel is located off Kandy.

          https://economynext.com/Sri_Lanka_s_Hunas_Falls_soars_amid_take_over_offer-3-13063-7.html

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          • #7
            2018 saw 2.5million tourist target missed by around 200.000 although YoY it is a 10%+ up.
            Now 2019 its 3 million, how far they are willing to open the sky for budget airlines.
            "The best values today are often found in the stocks that were once hot and have since gone cold"

            Comment


            • #8
              Kishu Gomes new Chairman of SLTDA and SLTPB

              February, 7, 2019

              Former long-standing Managing Director and Chief Executive Officer (CEO) of Chevron Lubricants Lanka PLC’s (LLUB) Kishu Gomes was appointed as the Chairman of both Sri Lanka Tourism Development Authority (SLTDA) and Sri Lanka Tourism Promotion Bureau (SLTPB) on Wednesday (6th February 2019) by the Minister of Tourism John Amaratunga.

              “We also plan to make tourism the number one foreign exchange earner for the country in a couple of years” Gomes had told reporters adding that after leaving a multinational company he wanted to do something for the country and selected this position after several ‘big wings’ in the leisure industry requested him to do so after heading the tourism awards committee.

              According to reports Gomes had further told reporters that there would be two separate boards for SLTDA and SLTPB and he would head both of them. He had further said that his team’s aim is to attract 3 million tourists in 2019 and thus have set up a revenue target of US $ 7 billion for 2020. According to statistics in 2018 Sri Lanka witnessed 2.3 million arrivals and revenue of US$ 4.4 billion.

              http://bizenglish.adaderana.lk/kishu...tda-and-sltpb/

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              • #9
                Wish him all the best
                "The best values today are often found in the stocks that were once hot and have since gone cold"

                Comment


                • #10
                  Sri Lanka to host World Surf League qualifying series 6000 in Arugam Bay


                  Feb 13, 2019



                  With the growing success as a surfing destination, Sri Lanka has received the opportunity to host the World’s most accomplished surfers in a World Qualifying Series competition this June in Arugam Bay.

                  This exciting opportunity is a perfect showcase for the growing world of surfing in Sri Lanka and would strengthen its place as a first-class surf tourism destination.

                  For many years’ surfers have travelled from far to experience the magical waves of Arugam Bay and now it may present itself on the world stage of competition surfing.

                  The World Surf League is the home of professional surfing. World Qualifying Series events are given Star Ratings and this particular event would be a 6-star event, the highest rating in this series, up with the Hawaiian events and attracting the very best of professional surfing’s top performers.

                  The World Qualifying Series is the only possible route into the final Championship Tour that decides a world champion, therefore it is expected to see some of the biggest names in surfing world gracing our waves.

                  World Surf League events are expected to bring around 450,000 US dollars of direct revenue to the area where the competitions are held, However, it’s the aftermath of the exposure online that has made a huge and positive impact for many countries that have had the chance to host such events.

                  The worldwide media presence of the World Surf League events is massive with an expected 120 million online viewers over an event window. This exposure would be a huge boost not only to Arugam Bay and Eastern Sri Lanka but also to tourism industry as a whole.

                  So much effort has gone into bringing this event to Sri Lanka as per an initiative by Surfing Federation of Sri Lanka, with the support of Ministry of Sports, National Olympic Council, Arugam Bay Tourism Association and Sponsored by Sri Lanka Tourism partnering with Sri Lankan Airlines.

                  This event is supported by the Central Programme Management Unit, under the Ministry of National Policies, Economic Affairs, Resettlement & Rehabilitation, Northern Province Development, Vocational Training & Skills Development and Youth Affairs for effective coordination among all the relevant stakeholders.

                  http://www.lankabusinessonline.com/s...in-arugam-bay/

                  Comment


                  • #11
                    Srilanka promoted by visitors, that is very effective and its happening through social media. Hope this will continue in an upward trajectory. There are some unregulated tuk tuk, causing harm to the tourism industry. That need to be stopped. safe tuk tuks must be ensured for tourists, otherwise negative word of mouth can be harmful to our industry existence. who will come to a country otherwise.
                    "The best values today are often found in the stocks that were once hot and have since gone cold"

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