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Tourism sector

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Tourism sector Empty Tourism sector

Post by yellow knife on Fri Jul 24, 2015 7:48 am

After analyzing few leading plantation companies and tourism related listed entities I like to compare the performance of these leading firms of respective field

First with profitability

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Tourism sector Empty Re: Tourism sector

Post by yellow knife on Fri Jul 24, 2015 7:50 am

When tourism related leading entities making profits of above 2 billion, plantation is struggling to generate revenue above 2 billion mark..

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Tourism sector Empty Re: Tourism sector

Post by yellow knife on Fri Jul 24, 2015 7:52 am

Out of leading hotels AHUN is continuously increasing revenue where AHPL is showing maturity in earning...

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Tourism sector Empty Re: Tourism sector

Post by Leon on Fri Jul 24, 2015 8:12 am

Good eye opener. I have never in to a Hotel share so far.
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Tourism sector Empty Re: Tourism sector

Post by yellow knife on Fri Jul 24, 2015 8:14 am

There is one factor which still worries me in SL tourism...Let me first quote from annual report of AHUN

"
Sri Lanka's earning from tourism continued to grow at healthy pace increasing by 41% to USD 2.43 million in 2014. It is encouraging that this growth was supported by higher spending and increased duration of stay. the average spending per tourist rose to USD 160.8 per day in 2014 from USD 156.5 per day in 2013. According to the latest annual survey on tourist spending and duration of stay conducted by the Sri Lanka Tourism Development Authority. (SLTDA) . Meanwhile the average duration of stay per tourist increased to 9.9 days in 2014 compared to 8.6 days in 2013.

"


In many discussions it was highlighted that nowadays what SL attract is bag-packers. Even the fact that average spending per day at USD 160.8 is highlighted to prove the low level spenders coming as tourists..

But the same fact is highlighted as a positive upward trend by AHUN annual report and toursim as an industry enjoy better than plantation industry in SL..

Other than AHPL other leading entities enjoy Maldivian income as well..


Last edited by yellow knife on Fri Jul 24, 2015 8:48 am; edited 1 time in total

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Tourism sector Empty Re: Tourism sector

Post by කිත්සිරි ද සිල්වා on Fri Jul 24, 2015 8:43 am

Thanks YK.
Not looked at the sector seriously before, but this is like a wake up call. Very Happy

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Post by yellow knife on Fri Jul 24, 2015 8:56 am

Plantation Sector enjoy large lands of SL and some thanks to Golden Share of Treasury Secretary.. It is not surprising to see these large lands mixing with Tourism as in THE HERITAGE TEA FACTORY HOTEL of AHUN.N to get the best of both world...

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Post by yellow knife on Fri Jul 24, 2015 9:06 am

Two leading plantation related entrepreneurs ( who have successfully groomed their second generation into business)  have entered to tourism successfully..

Kegalle, Namun owning Dr Sena Yaddehige and team has invested in Hotel Sector and 5th largest share holder of AHPL

M.J. Fernando and team is more aggressively into tourism where they remain in top twenty list of AHPL, AHUN and the leading shareholder in THE FORTRESS..

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Post by yellow knife on Fri Jul 24, 2015 9:56 am

However small single hotel units are risky

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Tourism sector Empty Re: Tourism sector

Post by Backstage on Fri Jul 24, 2015 11:40 am

yellow knife wrote:Two leading plantation related entrepreneurs ( who have successfully groomed their second generation into business)  have entered to tourism successfully..

Kegalle, Namun owning Dr Sena Yaddehige and team has invested in Hotel Sector and 5th largest share holder of AHPL

M.J. Fernando and team is more aggressively into tourism where they remain in top twenty list of AHPL, AHUN and the leading shareholder in THE FORTRESS..

MJ also now own Cape Weligama.
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Tourism sector Empty SANCHARAKA UDAWA 2016

Post by කිත්සිරි ද සිල්වා on Fri Feb 26, 2016 3:54 pm

Sri Lanka Association of Inbound Tour Operators (SLAITO) will organize the 6th Sancharaka Udawa 2016, the largest gathering of the local tourism industry during the month of May 2016.

The exhibition will showcase many small, medium and large enterprises and entrepreneurs of the tourism industry on a single platform, creating an opportunity to come together and make it known to those in the tourism sector.

The popularity of the event bears ample testimony to its success. This will be an ideal opportunity for those interested in the tourism industry, even students to get a first-hand understanding of what is available in the tourism industry.


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Post by Hybrid on Fri Feb 26, 2016 3:59 pm

කිත්සිරි ද සිල්වා wrote:Sri Lanka Association of Inbound Tour Operators (SLAITO) will organize the 6th Sancharaka Udawa 2016, the largest gathering of the local tourism industry during the month of May 2016.

The exhibition will showcase many small, medium and large enterprises and entrepreneurs of the tourism industry on a single platform, creating an opportunity to come together and make it known to those in the tourism sector.

The popularity of the event bears ample testimony to its success. This will be an ideal opportunity for those interested in the tourism industry, even students to get a first-hand understanding of what is available in the tourism industry.


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Kith,

Who will be controlling all the stalls, advertising, programs and installations?

Is it done the same with the Gam Udawwa, and various other village programs done by the previous regime?

Who will get the cut for the rents, land, equipment etc?


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Tourism sector Empty Re: Tourism sector

Post by කිත්සිරි ද සිල්වා on Fri Feb 26, 2016 4:02 pm

Sri Lanka Association of Inbound Tour Operators (SLAITO).
Hybrid wrote:
කිත්සිරි ද සිල්වා wrote:Sri Lanka Association of Inbound Tour Operators (SLAITO) will organize the 6th Sancharaka Udawa 2016, the largest gathering of the local tourism industry during the month of May 2016.

The exhibition will showcase many small, medium and large enterprises and entrepreneurs of the tourism industry on a single platform, creating an opportunity to come together and make it known to those in the tourism sector.

The popularity of the event bears ample testimony to its success. This will be an ideal opportunity for those interested in the tourism industry, even students to get a first-hand understanding of what is available in the tourism industry.


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Kith,

Who will be controlling all the stalls, advertising, programs and installations?

Is it done the same with the Gam Udawwa, and various other village programs done by the previous regime?

Who will get the cut for the rents, land, equipment etc?



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Tourism sector Empty Re: Tourism sector

Post by xmart on Wed Aug 17, 2016 12:08 pm

CB wrote:India, China, UK, Germany and France were the top five sources of tourist arrivals in July 2016, accounting for 52.1 per cent of total tourist
arrivals upto the month of July 2016

Improvement in the tourism industry

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tourist arrival

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June Q is the off season. but the next 2 quarters will be crowded and considering 1st half industry growth, we can expect this sector to perform well in coming quarters. be on alert!

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Tourism sector Empty Re: Tourism sector

Post by NIRMALSG on Mon Mar 25, 2019 5:30 pm

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UK calls for greater conservation, planning
EU suggests better connectivity, skills development, and building codes
Turkey highlights taxation, passport control, and need for public transport from BIA to Colombo
Netherlands cautions SL on competitiveness with regional markets
Malaysia commends plan to introduce liberal visa policy, brand building
Indonesia details efforts by their Govt. to increase awareness of tourism importance amongst locals



Drawing from their experiences, foreign diplomats from a range of countries last week recommended Sri Lanka focus on sustainable tourism, while improving on the areas of taxation, visa guidelines, skilled labour, air connectivity, public transportation, brand positioning, mindful construction and infrastructure development as key policies that the Government should focus on to develop tourism.

Last week’s Fireside Chat 2019 featured envoys from the United Kingdom, European Union, Netherlands, Switzerland, Canada, Turkey, China, Malaysia, Bangladesh and Indonesia. Out of the 10 diplomats, six shared their frank views to improve the already thriving tourism industry on a wide range of topics as to what they think is the best way forward for Sri Lanka.

The first-of-its-kind event was organised by the Daily FT, International Chamber of Commerce (ICC) Sri Lanka, and CIMA at Hilton Colombo on 19 March.

British High Commissioner to Sri Lanka James Dauris stressed that Sri Lanka should focus on sustainable tourism instead of sheer numbers.

“Sri Lanka is truly blessed with its natural beauty and heritage. I hear about the number of tourists regularly, but I think Sri Lanka needs to think hard between the numbers of tourists and tourist revenue — these are quite different things. The tourism policy going forward should think carefully in this regard about how to get this balanced, especially given the need to look after the natural environment, which makes this country so special,” he added.

Pointing out that the tourism sector has already seen substantial growth, European Union Delegation Deputy Head of Mission Thorsten Bargfrede said the potential for Sri Lanka was still very high compared to other countries in the region, while insisting that there is also a lot of room to improve in terms of road connectivity, construction and training of skilled labour.

“Planning is an important area. As tourism grows, there is a tendency to have unpleasant construction coming up everywhere, so we need to plan not to ruin the beauty of the island. A lot can go wrong if it is unplanned for quick money and you can end up with ugly buildings,” he said.

Noting that unplanned buildings are not yet happening, Bargfrede emphasised the need to be cautious. “Have special zones, be clear on what type of tourists you want to cater to,” he added.

He also said that improving skilled labour was critical for the growth of the tourism industry. “Training a waiter is as important as training a general manager of a hotel; so both service skills and management skills need to be improved. We need special training and systems that are aligned with the industry and work closely with businesses. Don’t forget vocational training sectors. You not only need top engineers, but you need electricians and plumbers, and so, skills need to go bottom-up,” Bargfrede stressed.

Netherlands Ambassador to Sri Lanka Joanne Doornewaard noted that there seems to be too many taxes in Sri Lanka.

“Sri Lanka is quite expensive. Tourists compare. Sri Lanka is expensive in comparison to countries like Thailand. A week in Sri Lanka would be priced as much as two to three weeks in Thailand. So, tourists may think twice about why they need to come here,” she pointed out.

Turkish Ambassador to Sri Lanka Tunca Özçuhadar emphasised that transit times between locations need to be shortened and public transport needs to be significantly improved. “Sri Lanka is positioned at a great location, which can be reached within three to four hours by 60% of the world’s population. To tap this huge potential, Sri Lanka needs to have practical and affordable flights, but the current flights are not enough. When someone lands at Bandaranaike International Airport (BIA), the connectivity facilities to the capital need to be improved significantly, including road networks. If you want to go to Mt. Lavinia Hotel from the airport, it takes one hour and 40 minutes to drive just 43 kilometres; this is ridiculous after a 10-hour flight from Europe,” he said.

He also asserted that there was no public transport from airport to downtown and people have to carry the luggage by themselves, which needs significant improvement. In addition, he noted that taxation and passport control need the immediate attention of the authorities.

“Last year, we had 40 million visitors to Turkey and generated $30 billion, which we reinvested in vocational training and infrastructure. We have also divested our tourism offering not by just focusing on land and sea. Sri Lanka too needs to invest on improving infrastructure and look at other lucrative tourism offerings like sports and adventure tourism for example, moving away from the conventional methods,” Özçuhadar added.

Malaysian High Commissioner to Sri Lanka Tan Yang Thai noted that adopting a liberal visa policy and a brand identity helped them develop their tourism industry to great heights.

“You recently launched your ‘So Sri Lanka’ campaign. This is very important so people can relate to Sri Lanka. We had ‘Malaysia, Truly Asia’ for more than 25 years and we never changed it. That is brand building and Sri Lanka is doing that. We had a very liberal visa policy and opened up to most companies. Sri Lanka is also heading in the same direction,” he said.

Indonesian Ambassador to Sri Lanka Gusti Ngurah Ardiyasa stressed that improving connectivity, liberal visa policies and creating awareness amongst local communities has worked well in improving their tourism sector.

“Like Sri Lanka, Bali is also blessed with natural beauty and strong culture. Connectivity is very important for us and we also work a lot with local people to make them understand the importance of the tourism industry. Indonesia has also developed 10 destinations beyond Bali and has new places to explore,” he added.

Ardiyasa also said Indonesia has given 30 days free visa access to 169 countries, including Sri Lanka.
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Tourism sector Empty Re: Tourism sector

Post by NIRMALSG on Mon Mar 25, 2019 5:47 pm

Another good move by government to encourage the tourist to visit this awesome island country. Hope it will give a boost on tourism industry as well.  Smile  Smile

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Tourism Development Minister John Amaratunga said yesterday the government would grant on arrival visas for tourists from 36 countries free of charge from May 1 onwards for a trial period of six months.

Minister Amaratunga told Daily Mirror that tourists from the countries such as those in European Union, New Zealand, Australia, Thailand, Cambodia and Japan would be given this facility.

Afterwards, the Minister said it would be implemented for six months initially.

"Depending on its success, we will decide whether to proceed with it further or not. They will be allowed into the country without a fee.

Every year, there is a drop in tourist arrivals during the six months period starting from May. We will implement this programme during this period in a move to boost tourist arrivals,” he said.

The Minister said his target was to attract three million tourists to the country by the year’s end.
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