The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka hotels see "excellent" winter season EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka hotels see "excellent" winter season EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka hotels see "excellent" winter season EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka hotels see "excellent" winter season EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka hotels see "excellent" winter season EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka hotels see "excellent" winter season EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka hotels see "excellent" winter season EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka hotels see "excellent" winter season EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka hotels see "excellent" winter season EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka hotels see "excellent" winter season EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka hotels see "excellent" winter season EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka hotels see "excellent" winter season EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka hotels see "excellent" winter season EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka hotels see "excellent" winter season EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka hotels see "excellent" winter season EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka hotels see "excellent" winter season EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka hotels see "excellent" winter season EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka hotels see "excellent" winter season EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka hotels see "excellent" winter season EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka hotels see "excellent" winter season EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka hotels see "excellent" winter season EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka hotels see "excellent" winter season EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka hotels see "excellent" winter season EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka hotels see "excellent" winter season EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka hotels see "excellent" winter season EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka hotels see "excellent" winter season EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka hotels see "excellent" winter season EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka hotels see "excellent" winter season EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka hotels see "excellent" winter season EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka hotels see "excellent" winter season EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka hotels see "excellent" winter season EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka hotels see "excellent" winter season EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka hotels see "excellent" winter season EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka hotels see "excellent" winter season EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka hotels see "excellent" winter season EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka hotels see "excellent" winter season EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka hotels see "excellent" winter season EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka hotels see "excellent" winter season EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka hotels see "excellent" winter season EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


    Sri Lanka hotels see "excellent" winter season

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Sri Lanka hotels see "excellent" winter season Empty Sri Lanka hotels see "excellent" winter season

    Post by First Guy Sat Mar 22, 2014 9:52 am

    Mar 22, 2014 (LBO) - Sri Lanka's hotels have seen a good winter season with high occupancy levels, backed by stable pricing and strong arrivals from Western Europe, Russia and China, officials said.

    "Occupancies have increased really," Jayantissa Kehelpannala, head of Sri Lanka's tourist hotels association said.
    "Sometimes it is very difficult to even get a room. This season has been excellent."

    The so-called winter season starts in the last quarter of the year and extends into the first quarter of the following year.

    Last November however a state order to artificially push up pricing in the Colombo city coinciding with a Commonwealth summit meeting pushed down overall arrivals to the country.

    A state dictated pricing floor on 5-star graded hotels has also drawn complaints from at least one hotel and travel agents for keeping tourists away.

    In 2012 occupancy dropped in large hotels tracked by the state tourism promotion agency partly due to lower domestic tourists amid a balance of payments crisis which slowed economic activities.

    The tourism promotion office then suppressed monthly occupancy numbers which have not been released for more than one year now.

    Sri Lanka's hotel rates rose steeply after 2009, when a 30-year civil war ended generating a shortage of rooms amid renewed interest from travellers.
    Director general of Sri Lanka's state tourism promotion office, D S Jayaweera said in the first two months of 2014 about 288,000 tourists had visited Sri Lanka, which was equal to the total annual arrivals of 2008.

    Total earnings from tourism for the first two months of 2014 were estimated to 390 million US dollars, he said, compared to 390 million US dollars for the whole of 2008.

    Kehelpannala said demand and supply had brought 'stability' to prices.

    "I would not say prices came down," he said. "There was a stability that came into to the pricing."

    In 2012 the Sri Lanka rupee fell to 130 to the US dollar from 110 to the US dollars after state intervention in energy pricing using bank credit ultimately accommodated by printed money led to a balance of payments crisis and collapse of the currency.

    In such a situation, analysts say hotels could cut their dollar prices and still get equal or higher rupee revenues.

    Sri Lanka is now also getting many customers from internet booking engines, which was absent before the end of the war.

    Up to 25 percent off all bookings are now thought to come from internet bookings, Kehelpannala said.

    "New markets have been opening up: Russia, Ukraine and the CIS countries," Kehelpannala said. "China is also seeing growth."

    In the first two months of the 2014 arrivals from Russia surged 91.7 percent to 20,423 and Ukraine was up 13.7 percent to 11,327, according to official data.

    Arrivals from Poland, a newly developing market was also up 56.7 percent to 4,451.

    China on which state promotional efforts in particular has been focused, rose 119.2 percent to 21,098.

    Arrivals from UK, the largest single generating market after India rose 9 percent to 27,212 and Germany rose 15.8 percent to 20,516 according to official data.

    "The encouraging sign is that we have seen growth from the traditional markets also, like France and UK, Germany."

    "I think with this kind of success that we had this winter hotels will look at putting their prices up."

    http://www.lankabusinessonline.com/news/sri-lanka-hotels-see-excellent-winter-season/955826935

      Current date/time is Sat Nov 16, 2024 3:00 am