Bentota Sri Lanka Hotels

Author: Bentota Hotels

  • Dubai police recover rare $20 million blue diamond stolen by a Sri Lankan security guard and smuggled to Sri Lanka

    Dubai police recover rare $20 million blue diamond stolen by a Sri Lankan security guard and smuggled to Sri Lanka

    uly 26, Colombo: The Dubai Police said they have recovered a rare blue diamond estimated to be worth $20 million which was stolen from a city company’s vault by a Sri Lankan security guard and smuggled to Sri Lanka in a shoebox.

    The diamond was stolen by a Sri Lankan who worked as security guard at a money transfer company pulling off a near-impossible theft from the vault of the company, an Associated Press report said.

    Police said Thursday a guard with the money transfer company secreted the 9.33-carat diamond out of the vault on May 25 and passed it off to a relative who smuggled it out of the country inside a pair of sneakers in a shoebox.

    A video of the investigation released by the police shows an officer taking the sports shoe out of its box and recovering the pouch containing the diamond that is hidden inside.

    After over 120 interviews and the review of 8,620 hours of CCTV footage – some showing the theft in progress – police say they were able to trace the suspect.

    Colonel Mohammed Aqil Ahli, deputy director of the department of criminal investigation, told Khaleej Times that the police were notified about the daring theft from the company�s vault at its headquarters in Jebel Ali.

    The company officials were baffled by the crime, as the suspect had to go through multiple layers of security gates to get to the vault.

    As per the security protocol in place, the number of employees authorized to pass through to the vault reduced with the passage of each gate. The final gate could only be opened by three security guards together: The first had to have a key, the second a manual secret code and the third an electronic code that automatically changed frequently.

    Despite these security precautions, the suspect managed to enter the vault and carry out the theft. After the police identified him, they came to know that he had cut off contact with all of his acquaintances. The police managed to trace him and arrested him.

    During his interrogation, the suspect told the police that he carried out the theft a week before he was to go on vacation. The plan was to escape to his home country to “realize his dream of becoming a millionaire”.

    Though the police did not disclose how he managed to bypass all the security layers, Col Ahli said the suspect’s background as a security guard helped him carry out the theft.

    It was not immediately clear how the diamond was recovered from Sri Lanka.

  • Singapore and Sri Lanka sign free trade agreement

    Singapore and Sri Lanka sign free trade agreement

    COLOMBO: Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two countries.

    The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) was signed by Singapore’s Minister for Trade and Industry (Industry) S Iswaran and Sri Lanka’s Minister for Development Strategies and International Trade Malik Samarawickrama.

    Prime Minister Lee Hsien Loong and Sri Lankan President Maithripala Sirisena witnessed the signing in Colombo.

    With the deal inked, Singapore and Sri Lanka companies will gain greater access to each other’s markets across many sectors, said Singapore’s Ministry of Trade and Industry (MTI) in a news release.

  • Growth of Digital Marketing In Sri Lanka

    Growth of Digital Marketing In Sri Lanka

    Back in the times of classic advertising, you needed to be concerned about digital marketing impressions and total return on investment (ROI) of your efforts, optimizing your job according to your limited funds and the limited options available. Technology has forced us to believe Digital and proceed for internet advertising, where new metrics have been defined, together with yet restricted resources, but infinite options that gave far more complicated significance for optimization.

    Social networking digital marketing plays a critical part in’digital advertising’ in sri lanka which it’s altered the online ecosystem. It’s made a parallel world where one’s planet isn’t confined by his/her encompassing but hordes of things occurring over the web and social websites. For the millennials being relevant and obtaining social acceptance for something that they do is becoming more significant. The period spent by an ordinary consumer on social websites is 2.5 hours (50% of the everyday online time) which makes it the most prime destination online.

    One should know the unique opportunities and the way it differs from other websites. A company should join conversations and eventually become a part of a neighbourhood, instead of being a company’outsider’ who attempts to sell aggressively. The platform should make an individual voice to your enterprise since Facebook users prefer to speak to others — to not an impartial organization. Your company Facebook page has to have the ability to compose in a voice which seems genuine and likeable, employing a style which is suitable for your enterprise.

    A Facebook webpage is a terrific free advertising tool for companies. These pages allow companies identify themselves not only through list merchandise offerings and solutions but also by sharing hyperlinks, pictures and articles on a customizable site to provide a much better feeling of a company’ personality and personality.

    Your FB company page is a fantastic place to come up with your new identity and reveal your human side. Today Facebook has introduced two brands unique Facebook attributes which are altering the character of electronic advertising. The’Immediate Article’ tool, allowing publishers to make appealing mobile-first articles right on the system and live-streaming video fad has takeoff (enables verified users to flow videos for their network in real-time). Both of these attributes are quickly peaking, and they’re reshaping the digital marketing and advertising campaigns.

    Twitter

    Twitter has been useful in keeping its growth concerning active users but has neglected to interpret such expansion into earnings growth. As crowd-based merchandise (like some of those other programs ), the core power of Twitter lies within its variety of active consumers; however, as a profitable company, revenue generation is the top priority. Twitter has been shifting its efficacy in various ways, including many attributes, whether inside the net application or its cellular application that is their competitive edge.

    Many users and professionals have perceived this measure as an effort to replicate Facebook’s expertise. Years past, Twitter was going to implement a characteristic very similar to Facebook’s webpages, to assist brands market their services and products on the stage.

    The brand new likes’ rather than favourites’ edit, might be read like a completely different story.

    In all scenarios, Twitter has enabled many companies to prosper and anticipated to improve its power in various geographic places.

    LinkedIn

    In a previous couple of decades LinkedIn has enhanced its customers’ experience on the stage, assisting professionals land on current projects, hire new workers, construct their networks and market their own companies. It has undoubtedly represented on the organization’s generated earnings, bringing in its position as the 2nd most significant revenue-generating social networking platform, following Facebook.

    One thing we know for sure is that the effects of Pulse’s integration to LinkedIn, allowing for more user-centred posts to be revealed to every user, according to their careers, businesses and reading tastes. In the majority of the contemporary business-to-business (B2B) markets, it’d be hard not to consider incorporating LinkedIn’s Pulse in your digital marketing strategy in Sri Lanka. Even for a few B2C entrepreneurs, the stage was successfully used for promotion purposes.

    Google professionals have analyzed the precision of their new technology contrary to the validity of their own. The machine has scored 80 percent of proper outcomes when Google 80 manufacturers have scored 70 percent of appropriate results, a new age where you can observe a system outperforming its creators. This should be contemplated within your next search engine optimization strategy, understanding that about 75% of search queries on Google include three to five words, the motor would usually have sufficient input to find out the consumer’s intention.

    best digital marketing company sri lanka is www.seosrilanka.net becoming ever more popular in the industry and rightly so. If you understand the requirement of the digital campaign properly, it can work amazing things for your industry over the your competition of the industry. Therefore its essential to undented key element of seo campaign to reach your online goals throughout the company you are working with,

    However, how can you know whether your social networking plan is successful? How can you measure its own success?

    Check participation of lovers

    While the amount of buffs can be a step of your advertising success, a more precise measure is how much your supporters are interacting with your page/profile — quantity of enjoys, stocks, retweets and pokes can be a sign of how successful your campaign will be. The more your buffs participate with your brand, the more curious they are in your small business and the more probable they are going to be to purchase your merchandise.

    Assess visitors to your site

    the principal goal of any societal medial advertising and digital marketing campaign would be to send visitors to your site. So check your data (via Google Analytics) to observe just how a lot of your traffic is coming out of societal programs and is there some growth as the time you have intensified your societal campaigns. So get your site ready . You can opt for cloud hosting since it’s flexible enough to take care of abrupt spikes in traffic.

    Assess conversions

    Obtaining traffic is excellent but what if they are useless to youpersonally? The next thing to do would be to assess if your customers will be taking the desired actions. It might also be to create them download an e-book, take part in a competition or even sign up for your newsletter. No matter the aim might be, you will want to check that it’s being achieved.

    If your digital marketing effort is getting you considerable traffic but the majority of the traffic are rebounding off your site, then it can not be called a successful effort.

    Selecting the most appropriate platform

    there are lots of things that lead to the achievement of any digital marketing effort in sri lanka, however, the most significant one is the option of the platform. Every social networking platform has its own attributes and brings a particular sort of audience, so in the event that you would like to be successful, you have to understand what matches your company the very best.

    So how can you be certain you select appropriate? Listed below are a Couple of factors you need to consider:

    You are able to perform a study of All of the criteria and decide which platform matches the demographics of your target client the best

    Know your articles

    When you are on social networking, you market your company via articles. Hence that the sort of content you produce will decide on the platform you select. For example:

    Know exactly what you need

    Do you wish to enhance SEO? Would you like more people to walk in your shop? Would you need to target smaller markets rather than the societal giants mentioned previously? Would you wish to create connections with other companies? Knowing what you need will determine what societal platform matches best.

    For example, if you’d like SEO, then it is Google+; should you desire walk-ins then you are going to need to join social networks such as Yelp and FourSquare; should you would like smaller markets, then the ideal place to begin would be Reddit; and finally, LinkedIn can help you make these very important business connections.

    This guarantees that you reach to a larger audience

    Analyse all outcomes to make improvements where required. Evaluate your numbers with everything you anticipated. Benchmark against your competition, campaigns or products in order for your stakeholders can quickly understand what these numbers mean. It’s very important that you utilize the analytical advertising tools which are available to assemble data now and use that info to form continually future advertising campaigns toward being exceptionally successful ones.

  • Why SEO Is More Important Than Ever for E-Commerce Business in Sri Lanka

    Why SEO Is More Important Than Ever for E-Commerce Business in Sri Lanka

    In today’s digital age, e-commerce businesses in Sri Lanka face stiff competition to attract and engage with potential customers online. With businesses relying heavily on their websites as the primary point of contact with their customers, implementing an effective search engine optimization (SEO) strategy has become more important than ever before. SEO plays a critical role in improving the visibility of a website on search engine result pages, driving organic traffic, and ultimately increasing conversions and sales. With the increasing use of smartphones and the rise of mobile e-commerce, SEO has become even more vital as customers are relying on search engines to research, compare and purchase products. In the highly competitive e-commerce landscape in Sri Lanka, a well-executed SEO strategy can differentiate a business from its competitors and elevate its online presence. This blog post will explore the importance of SEO for e-commerce businesses in Sri Lanka and provide insights into some of the key strategies that businesses can employ to boost their search engine rankings and drive more traffic and revenue. By taking a strategic approach

    1. SEO improves website visibility and increases organic traffic

    SEO (Search Engine Optimization) is an essential element of any e-commerce business strategy in Sri Lanka today. Effective SEO Sri Lanka can improve the visibility of your website and increase organic traffic from search engines like Google. Organic traffic is crucial for e-commerce businesses in Sri Lanka, and it’s cost-effective compared to paid advertising. The majority of Sri Lankan internet users search for products and services on Google, and your business can benefit from this fact by optimizing your website for SEO. A well-implemented SEO strategy can help your e-commerce business in Sri Lanka rank higher in Google search results, which can lead to increased brand exposure, credibility, and enhanced sales potential. In other words, SEO is more important than ever for e-commerce businesses in Sri Lanka, and if you aren’t optimizing your website for SEO, you could be losing out on significant business opportunities.

    2. SEO helps customers to find products more easily

    SEO (search engine optimization) is crucial for e-commerce businesses in Sri Lanka. A well-optimized website can help customers to find products more easily and ultimately lead to increased sales and revenue. Through effective keywords research, optimization of product descriptions, and building high-quality backlinks, businesses can improve their website’s search engine ranking, making it more visible to potential customers. For instance, if a customer searches for “best smartphones in Sri Lanka,” an e-commerce website that has implemented effective SEO strategies is more likely to appear in the top search results, making it easier for customers to find and purchase the products they are looking for. Therefore, investing in SEO in Sri Lanka is essential for e-commerce businesses looking to gain a competitive edge in the online market.

    3. SEO can help build a strong online presence

    In today’s digital age, it has become more important than ever for e-commerce businesses to build a strong online presence. And when it comes to online visibility, search engine optimization (SEO) is an essential tool that can help businesses in Sri Lanka to achieve their goals. With the right SEO strategies, businesses can improve their website’s rankings on search engine results pages (SERPs) and attract more targeted traffic to their site, thereby increasing the chances of converting leads into sales. SEO in Sri Lanka requires a deep understanding of local trends, competitive analysis in the market and the latest algorithm updates from popular search engines such as Google. E-commerce businesses should invest in optimizing their websites for both on-page and off-page SEO factors to stay ahead of their competitors and reach their desired audience. In summary, SEO in Sri Lanka can help businesses build a strong online presence and achieve long-term success in the e-commerce industry.

    4. SEO can increase brand awareness and trustworthiness

    One of the top reasons why SEO is more important than ever for e-commerce businesses in Sri Lanka is that it can increase brand awareness and trustworthiness. With the rise of e-commerce platforms, consumers are becoming reliant on online searches to find products and services. This means that it is essential for e-commerce businesses in Sri Lanka to rank higher in search engine results pages (SERPs) to be more visible to their target audience. By implementing effective SEO strategies, businesses can optimize their website content and improve their rankings, leading to increased online visibility and brand awareness. In addition, when a business ranks higher in the SERPs, it can create a perception of trustworthiness in the eyes of the consumer. This leads to increased customer confidence in the brand and can ultimately result in higher conversions and profits for the business. Overall, choosing to invest in SEO in Sri Lanka can play a crucial role in building brand recognition and credibility, two key factors that can determine the success of an e-commerce business in today’s competitive landscape.

    5. SEO allows for targeted marketing


    SEO is becoming an increasingly crucial component of digital marketing strategies in Sri Lanka. Among its many benefits, one of the biggest advantages SEO brings to e-commerce businesses is the ability to perform targeted marketing. Modern consumers are highly likely to use search engines when searching for the products or services they need. Through careful keyword research and optimization, SEO Sri Lanka allows businesses to optimize their online presence and target the right audience effectively. With accurate tracking tools and analytics, businesses can track marketing performance and tailor their strategies to specific user demographics, behaviors and preferences. While traditional advertising tends to use a scattergun approach to reach as many people as possible, SEO Sri Lanka allows businesses to specifically target those who are actively looking for their products or services, converting leads into paying customers more quickly and efficiently.

    6. SEO helps to improve overall user experience

    In today’s digital age, having a strong online presence is essential for any e-commerce business in Sri Lanka. This is where ecommerce SEO Sri Lanka comes in. Not only does it assist in the ranking of your website in search engines, but it also improves the overall user experience on your site. By optimizing your website’s structure, content, and navigational elements, you can create a seamless and user-friendly experience for visitors. This, in turn, leads to increased customer satisfaction and loyalty, as well as higher conversion rates. When users can easily find the products or services they are looking for and navigate through your site without any confusion or frustration, they are more likely to make a purchase and return in the future. With SEO playing such a crucial role in improving the user experience, it’s more important than ever for e-commerce businesses in Sri Lanka to prioritize and invest in this aspect of digital marketing.

    7. SEO helps businesses to stand out against competitors

    In the highly competitive world of e-commerce in Sri Lanka, standing out against competitors can be a difficult challenge. That’s where SEO Sri Lanka comes in – optimizing a website for search engines can help businesses increase their visibility online and draw in more potential customers. By appearing at the top of search engine results pages, businesses can grab the attention of customers who are actively searching for the products or services they offer. In addition, SEO Sri Lanka helps to build brand credibility and trust, as appearing on the top pages of search results is often seen as an indication of a reputable and trustworthy business. With the increasing importance of online presence, SEO Sri Lanka has become more important than ever for e-commerce businesses looking to succeed in the digital marketplace.

    8. SEO can help to reduce advertising costs

    One of the most compelling reasons to invest in SEO for your e-commerce business in Sri Lanka is that it can help you reduce advertising costs. When you optimize your website for SEO, you are essentially making it easier for search engines to understand what your site is about and what products or services you offer. As a result, your site will appear higher in organic search results, which means you are less reliant on paid advertising to generate traffic and sales. This can translate to significant cost savings over time, particularly if you are currently spending a lot of money on paid search campaigns or other forms of online advertising. By investing in SEO in Sri Lanka, you can build a long-term strategy that will help you reduce your advertising costs and improve your bottom line.

    9. SEO provides businesses with valuable insights

    In today’s competitive business landscape, having a strong online presence is crucial to the success of any e-commerce business in Sri Lanka. Fortunately, one of the most effective ways to boost your online visibility is through SEO. Not only does SEO help your website rank higher in search engine results pages, but it also provides businesses with valuable insights that can inform their online strategies. For example, by analyzing keyword data and user behavior, you can identify which products or services are most in demand, what search terms your target audience is using, and which pages on your website are most popular. Armed with this information, you can optimize your website and marketing campaigns to better meet the needs of your customers in Sri Lanka. Ultimately, by leveraging SEO, you can gain a competitive edge in the e-commerce marketplace, bolster your brand, and drive sales growth in Sri Lanka.

    10. SEO can boost overall website performance and sales

    SEO (Search Engine Optimization) is an essential component of an e-commerce business’s digital marketing strategy in Sri Lanka. The implementation of SEO tactics can significantly enhance the overall website performance and sales. With rapid advancements in the digital world, competition has increased, accentuating the need for businesses to stand out from the crowd. The proper incorporation of SEO techniques can help businesses rank higher in search engine results pages, thus gaining visibility over their competitors. In Sri Lanka, SEO has become more critical than ever before, with a growing number of people relying on online shopping to meet their needs. Therefore, it is vital for e-commerce businesses in Sri Lanka to invest in SEO to stay ahead of their competitors and attract more customers to their website.

    In conclusion, SEO is more important than ever for e-commerce businesses in Sri Lanka. As more and more consumers turn to online shopping, it’s critical for businesses to have a strong online presence and optimize their website for search engines. By investing in SEO strategies such as keyword research, on-page optimization, link building, and local SEO, e-commerce businesses can improve their search engine rankings, attract more organic traffic, and ultimately drive more revenue. As the Sri Lankan e-commerce industry continues to grow rapidly, businesses that prioritize SEO will be better positioned to succeed in the competitive online marketplace.

  • Registration of Persons Dept initiates one-day service for student IDs

    Registration of Persons Dept initiates one-day service for student IDs

    The Department of Registration of persons has facilitated a one-day service for students sitting for the upcoming Ordinary Level Examinations to obtain their ID cards.

    Commissioner General Viyani Gunathilake said that IDs could be obtained at the main office of the department on November 25.

    The Commissioner General notes that the ID card need not be collected by the ID holder himself.

    He further noted the ID cards can be obtained with a letter authorised by the Grama Niladhari officer verifying the relationship between the ID holder and the one obtaining the ID card from the main office.

  • Ward Place closed due to students’ protest

    Ward Place closed due to students’ protest

    Ward Place in Colombo has been closed for traffic from Town Hall due to a protest by university students, Ada Derana reporter said.

    The Inter University Students’ Federation (IUSF) organised the protest march in Colombo today (21), demanding solutions for the issues of South Eastern University students.

    The agitation is also against the recent statements of the Minister of Higher Education Wijedasa Rajapakse, according to the IUSF Convener Lahiru Weerasekera.

    The Colombo Fort Magistrate’s Court today allowed university students to hold their protest without inconveniencing the public, after a court order was sought by Fort Police.

    The protesting students were also barred from entering any public institutions.

  • Optimistic outlook for Sri Lanka’s hotel industry

    Optimistic outlook for Sri Lanka’s hotel industry

    Sri Lanka’s hotel industry is set to experience a period of growth and development, thanks to a combination of favorable factors. Over the past decade, the country has faced numerous challenges, including political instability and natural disasters, which have impacted the tourism sector. However, recent developments, including the end of the civil war and the government’s efforts to promote the country as a top tourist destination, have led to an optimistic outlook for the Sri Lankan hotel industry. With its pristine beaches, rich cultural heritage, and diverse landscape, Sri Lanka has all the ingredients to become a leading player in the global hospitality market. This article will provide an in-depth analysis of the current state of the hotel industry in Sri Lanka, exploring the key drivers of growth and the challenges that still need to be addressed. It will also examine the potential impact of these developments on the economy and highlight the opportunities that lie ahead for hotel operators and investors. The future looks bright for Sri Lanka’s hotel industry, and this article aims to shed light on the reasons behind this promising outlook.

    Rising demand drives hotel growth.

    As the end of the civil war and government efforts to promote tourism have opened up opportunities for growth, the hotel industry in Sri Lanka is experiencing a surge in demand. This is evident in the increasing number of hotel developments and expansions taking place across the country. With its pristine beaches and rich cultural heritage, Sri Lanka has the potential to become a major player in the global hospitality market, and the rising demand for accommodations is a clear indication of this potential.

    Hotel Sri Lanka is poised for significant growth, driven by the increasing influx of tourists and travelers seeking to explore the country’s beauty and culture. This demand has led to the emergence of new hotels and resorts, as well as the expansion and renovation of existing ones. With a positive outlook for the hotel industry in Sri Lanka, investors are flocking to the country, recognizing the potential for high returns and long-term success in this thriving market. The growth of the hotel industry in Sri Lanka is not only beneficial for the country’s economy, but also for its reputation as a top tourist destination in the region.

    Tourism boom propels hotel industry.

    As Sri Lanka’s tourism boom continues to gain momentum, the hotel industry in the country is reaping the benefits. The influx of international visitors, attracted by the country’s natural beauty, rich culture, and warm hospitality, has resulted in a surge in demand for accommodations. This has prompted hoteliers in Sri Lanka to ramp up their operations, with new developments and expansions taking place across the country. This growth in the hotel industry is a testament to Sri Lanka’s potential as a major player in the global hospitality market.

    The rise in tourism has also led to an increase in job opportunities within the hotel industry in Sri Lanka. As new hotels open and existing ones expand, there is a growing demand for skilled and trained professionals to fill various roles, from management to service staff. This not only benefits the local economy but also contributes to the overall growth and development of the hotel industry in Sri Lanka. With the government’s efforts to promote tourism and attract more visitors, the outlook for the country’s hotel industry is optimistic, making it an attractive destination for investors and a promising career path for those in the hospitality sector.

    Expanding hotel infrastructure attracts investors.

    The rapid expansion of hotel infrastructure in Sri Lanka has caught the attention of investors from both domestic and international markets. This surge in interest can be attributed to the tourism boom that the island nation has been experiencing in recent years. With millions of tourists flocking to Sri Lanka each year, the demand for quality accommodations has skyrocketed, creating a favorable environment for investors looking to capitalize on the flourishing hotel industry. The country’s strategic location, natural beauty, and rich cultural heritage have also played a significant role in attracting investors to the promising hotel market in Sri Lanka.

    As new hotels continue to open and existing ones undergo expansions, the hotel industry in Sri Lanka is poised for significant growth in the coming years. The increasing number of hotels across the country not only caters to the growing demand for accommodations but also creates job opportunities for skilled professionals within the hotel sector. This, in turn, contributes to the overall development of the industry and the economy as a whole. With a positive outlook for the hotel industry in Sri Lanka, investors can be assured of a lucrative return on their investments, making it an attractive destination for hotel development projects.

    Luxury hotels redefine Sri Lanka’s hospitality.

    The recent surge in investments in the hotel industry in Sri Lanka has resulted in the rise of luxurious hotels that are redefining the country’s hospitality standards. These hotels not only offer top-notch amenities and services, but also showcase the rich cultural heritage and natural beauty of Sri Lanka. With their strategic locations, such as beachfronts or lush jungles, these hotels provide guests with an unforgettable experience, making them want to return to this tropical paradise.

    Moreover, these luxury hotels have also contributed to the growth of the hotel industry in Sri Lanka by creating job opportunities and boosting the local economy. With their high standards of service and facilities, they have set a benchmark for other hotels in the country to strive towards, resulting in an overall improvement in the quality of hospitality in Sri Lanka. As more international hotel chains continue to invest in this booming market, the future looks bright for the hotel industry in Sri Lanka, attracting even more tourists and boosting the country’s economy.

    Increased international arrivals boost hotel industry.

    With the increasing number of international arrivals in Sri Lanka, the hotel industry has seen a significant rise in demand. This trend has brought about a positive impact on the entire hospitality sector, especially for hotels in Sri Lanka. The influx of international tourists has not only resulted in increased occupancy rates for hotels but has also led to higher revenue generation. This has allowed hotels in Sri Lanka to invest in expanding their services and facilities, ultimately raising the overall quality of the hotel industry in the country.

    Moreover, the increased international arrivals have also brought in a diverse range of tourists, allowing for a more multicultural and inclusive environment in Sri Lanka’s hotel industry. This has enabled hotels to cater to the needs and preferences of different types of travelers, resulting in a more well-rounded and satisfactory experience for guests. As a result, hotel Sri Lanka and the hotel industry Sri Lanka, in general, are seeing a positive shift in their reputation and have become a popular destination for international travelers. This upward trend is expected to continue, making for an optimistic outlook for Sri Lanka’s hotel industry.

    Hotel sector poised for rapid expansion.

    As the tourism industry in Sri Lanka continues to flourish, the hotel sector is poised for rapid expansion. With a steady increase in international arrivals, the demand for quality accommodation has never been higher. This surge in demand has paved the way for the growth and development of the hotel industry in Sri Lanka. With hotels investing in infrastructure and services, the country has seen a significant improvement in the overall quality of its hotel offerings. This has not only enhanced the tourism experience for visitors, but also provided a boost to the economy through increased revenue generation and employment opportunities in the hotel sector.

    Upgraded facilities elevate Sri Lanka’s hotels.

    With the significant growth of the tourism sector, the hotel industry in Sri Lanka has also experienced a positive transformation. One of the key factors contributing to this improvement is the upgrade of facilities in hotels across the country. These upgraded facilities not only cater to the increasing number of tourists, but also elevate the overall quality of the hotel experience in Sri Lanka. This has led to a rise in positive reviews and ratings, making the country a more desirable destination for travelers.

    The investment in upgraded facilities has also brought about a boost in the economy, with increased revenue and job opportunities in the hotel industry. The development of new luxury hotels and the renovation of existing ones have created a demand for skilled workers, providing employment opportunities for the local community. Furthermore, the improved amenities and services have attracted a higher number of tourists, leading to a rise in tourism revenue for the country. With the continuous efforts to upgrade and maintain high-quality facilities, the hotel industry in Sri Lanka is set to further flourish, solidifying its position as a top tourist destination in the region.

    Emerging destinations drive hotel development.

    As the hotel industry in Sri Lanka continues to thrive, the emergence of new and exciting destinations within the country is driving further development. These destinations, such as the eastern coast and the northern regions, offer unique and unexplored experiences for travelers, making them highly sought after by tourists. With the rise of these emerging destinations, the demand for hotel accommodations has also increased, leading to a surge in hotel development in these areas.

    This trend of emerging destinations driving hotel development not only benefits the tourism industry, but also has a positive impact on the overall economy of Sri Lanka. As new hotels are built in these areas, it creates job opportunities for the local population and boosts economic growth. Additionally, the upgrade of facilities in these new hotels helps to elevate the overall standard of the hotel industry in Sri Lanka, attracting more tourists and generating higher revenue. With the continued growth and development of these emerging destinations, the future of the hotel industry in Sri Lanka looks bright and promising.

    Hotel industry embraces sustainable practices.

    The hotel industry in Sri Lanka has been making strides in embracing sustainable practices in recent years. With the rise of eco-tourism and increasing awareness of environmental issues, hotels in Sri Lanka have been implementing various sustainable initiatives to reduce their carbon footprint and preserve the country’s natural beauty. From using renewable energy sources to implementing waste reduction and recycling programs, the hotel industry in Sri Lanka is taking significant steps towards a more sustainable future.

    Moreover, this shift towards sustainable practices has not only been beneficial for the environment, but it has also been advantageous for the hotel industry itself. By adopting sustainable practices, hotels in Sri Lanka have been able to attract eco-conscious travelers, who are willing to pay a premium for environmentally-friendly accommodations. This not only boosts the hotel’s revenue but also helps to promote Sri Lanka as a sustainable tourism destination. With the hotel industry in Sri Lanka leading the way in sustainable practices, it is clear that the future looks bright for both the industry and the country as a whole.

    Positive outlook for Sri Lanka’s hotels.

    Sri Lanka’s hotels are set to experience a positive growth trajectory in the coming years, thanks to their commitment to sustainable practices. As the country embraces eco-tourism, hotels in Sri Lanka are implementing various initiatives to reduce their carbon footprint and preserve the natural beauty of the island. This not only benefits the environment but also serves as a strong selling point for eco-conscious travelers. With the rise of sustainable tourism, the hotel industry in Sri Lanka is expected to see increased revenue and cement its reputation as a sustainable tourism destination. By prioritizing sustainability, hotels in Sri Lanka are not only contributing to the preservation of the country’s natural resources but also positioning themselves for long-term success in the industry.

    In addition to the focus on sustainability, the hotel industry in Sri Lanka is also benefiting from the country’s growing popularity as a tourist destination. With its stunning beaches, vibrant culture, and rich history, Sri Lanka has become a sought-after travel destination for both leisure and business travelers. This has resulted in a steady increase in tourist arrivals, leading to a rise in demand for hotel accommodations. As a result, the hotel industry in Sri Lanka is expected to experience continued growth, providing ample opportunities for investment and expansion. With a strong focus on sustainability and a growing demand for travel to Sri Lanka, the future looks bright for the country’s hotel industry.

    In conclusion, the hotel industry in Sri Lanka is poised for growth and success in the coming years. With the country’s tourism sector gradually recovering from the impacts of the pandemic, there is an optimistic outlook for hotels and resorts in the country. With strategic investments and collaborations, coupled with the rich cultural and natural attractions of Sri Lanka, the industry has promising potential to thrive and offer visitors a unique and unforgettable experience. As we move towards a brighter future, it is important for hoteliers to continue adapting to changing industry trends and consumer preferences, while also prioritizing sustainability and responsible tourism practices. The future looks bright for Sri Lanka’s hotel industry, and with the right strategies and efforts in place, it is poised to reach new heights.

    FAQ

    What factors contribute to an optimistic outlook for Sri Lanka’s hotel industry?

    Several factors contribute to an optimistic outlook for Sri Lanka’s hotel industry. Firstly, the country’s growing tourism sector, with increasing number of international arrivals, provides a strong demand for hotel accommodations. Secondly, the government’s efforts to promote tourism through initiatives such as tax incentives and infrastructure development contribute to the industry’s growth. Additionally, Sri Lanka’s natural beauty and cultural heritage make it an attractive destination for leisure and business travelers. The country’s strategic location in South Asia also serves as a gateway for regional travelers. Overall, these factors create a positive environment for the growth and success of the hotel industry in Sri Lanka.

    How is the government supporting the growth of the hotel industry in Sri Lanka?

    The government of Sri Lanka is supporting the growth of the hotel industry through various initiatives. They have implemented policies to attract foreign investment in the sector, such as tax incentives and relaxed regulations. Additionally, the government has invested in infrastructure development, particularly in areas with high tourist potential, to improve accessibility and attract more visitors. They have also launched marketing campaigns to promote Sri Lanka as a tourist destination and have collaborated with international organizations to enhance tourism training and development programs. These efforts aim to boost the hotel industry, create job opportunities, and drive economic growth in the country.

    What are some recent trends or developments in the hotel industry that are driving optimism in Sri Lanka?

    Some recent trends in the hotel industry in Sri Lanka that are driving optimism include the increasing number of international tourists visiting the country, improved infrastructure and connectivity, and the development of new luxury hotels and resorts. The government’s focus on promoting tourism and attracting foreign investment has also contributed to the positive outlook in the industry. Additionally, the growing popularity of sustainable and eco-friendly practices in the hospitality sector has further enhanced Sri Lanka’s appeal as a destination for travelers. Overall, these trends and developments are creating a favorable environment for the hotel industry in Sri Lanka and fueling optimism for its future growth.

    How is Sri Lanka’s hotel industry adapting to changing consumer preferences and demands?

    Sri Lanka’s hotel industry is adapting to changing consumer preferences and demands by focusing on sustainability, wellness, and immersive experiences. Many hotels are incorporating eco-friendly practices such as using renewable energy sources and reducing waste. They are also offering wellness amenities like yoga classes, spa treatments, and healthy dining options to cater to health-conscious travelers. Additionally, hotels are providing unique and immersive experiences such as cultural tours, cooking classes, and adventure activities to meet the demand for authentic and experiential travel. Overall, the hotel industry in Sri Lanka is actively embracing these trends to attract and cater to the evolving preferences of consumers.

    What are the potential challenges or risks that could impact the optimistic outlook for Sri Lanka’s hotel industry?

    Some potential challenges or risks that could impact the optimistic outlook for Sri Lanka’s hotel industry include political instability, economic downturns, natural disasters, terrorist threats, and competition from other tourist destinations. Political instability can lead to uncertainty and discourage tourists from visiting the country. Economic downturns can result in reduced consumer spending and fewer people traveling. Natural disasters, such as earthquakes or tsunamis, can cause significant damage to hotels and infrastructure. Terrorist threats can create fear and deter visitors. Additionally, competition from other tourist destinations offering similar attractions and amenities could divert tourists away from Sri Lanka.

  • Reasons to invest in the hospitality industry in Sri Lanka

    Reasons to invest in the hospitality industry in Sri Lanka

    Sri Lanka, a small island nation located in the Indian Ocean, has emerged as a popular tourist destination in recent years. With its rich culture, stunning landscapes, and warm hospitality, the country has been attracting millions of travelers from all over the world. This growth in tourism has also led to a significant increase in the demand for quality accommodation and services, making the hospitality industry a thriving sector in the country. As a result, investing in the hospitality industry in Sri Lanka has become an attractive option for many entrepreneurs and investors. In this article, we will explore the top reasons why investing in the hospitality industry in Sri Lanka can be a lucrative opportunity. From the country’s strategic location to its favorable business climate and rapidly growing tourism industry, we will delve into the various factors that make Sri Lanka an ideal destination for hospitality investments. So, if you are considering investing in the hospitality industry, read on to discover the potential benefits and opportunities that await you in this beautiful island paradise.

    Stable economic growth and tourism.

    Sri Lanka’s stable economic growth has been a key driver in the success of its tourism industry. Over the past decade, the country has experienced consistent economic growth, averaging around 6% annually. This stability has fostered a favorable business climate, attracting both domestic and foreign investors. With a strong and growing economy, the hospitality industry in Sri Lanka is well-positioned to thrive. As more tourists flock to the country, the demand for high-quality accommodation, dining, and entertainment experiences is on the rise. This presents a great opportunity for investors to capitalize on the growing demand and establish successful hospitality businesses in Sri Lanka. Additionally, the government’s focus on infrastructure development, including the expansion of airports and roads, further supports the growth of the hospitality industry by increasing accessibility and connectivity for tourists. The combination of stable economic growth and a robust tourism industry make Sri Lanka an attractive destination for investment in the hospitality sector.

    Reasons to Invest in Sri Lanka Hospitality Industry

    1. Growing GDP and stable economy
    2. Increase in international tourist arrivals
    3. Government incentives for tourism development
    4. Diverse and attractive tourist destinations
    5. Favorable business environment and policies
    6. Strong cultural heritage and rich history

    Government incentives for investors.

    One of the key reasons to invest in the hospitality industry in Sri Lanka is the government incentives that are available for investors. The Sri Lankan government has implemented several policies and initiatives to attract foreign direct investment (FDI) in the hospitality sector. These incentives include tax holidays, reduced corporate tax rates, and exemptions on import duties for equipment and materials used in the construction and operation of hotels and resorts.

    Additionally, the government has established the Board of Investment (BOI) as a one-stop shop for investors, providing streamlined processes for obtaining necessary approvals and permits. The BOI also offers customized packages and incentives for large-scale hospitality projects, further encouraging investors to choose Sri Lanka as their investment destination.

    Furthermore, the government has prioritized the development of tourism infrastructure in the country, with plans to invest heavily in transportation, roads, and utilities. This commitment to infrastructure development not only improves the overall investment climate but also enhances connectivity and accessibility for tourists, ultimately benefiting the hospitality industry.

    In conclusion, the government incentives provided for investors in the hospitality industry in Sri Lanka make it an attractive and profitable investment opportunity. The favorable business climate, coupled with the government’s commitment to infrastructure development and streamlined investment processes, creates an environment conducive to successful hospitality ventures. For investors seeking to capitalize on the growing tourism industry in Sri Lanka, the government incentives can provide a significant boost and ensure a favorable return on investment.

    Government incentives for investors in Sri Lanka

    1. Tax breaks for hotel construction and renovation
    2. Duty-free import of equipment and materials
    3. Exemption from capital gains tax on hotel investments
    4. Investment low-interest loans and grants
    5. Fast-track visa approval for foreign investors
    6. Special investment zones for hospitality development.

    Growing demand for luxury accommodations.

    One of the key reasons to invest in the hospitality industry in Sri Lanka is the growing demand for luxury accommodations. As more and more tourists flock to the country, there is an increasing need for high-quality hotels and resorts that cater to their discerning tastes. Sri Lanka’s natural beauty and cultural heritage have attracted a diverse range of travelers, including luxury seekers who are willing to spend more for a premium experience. This has created a lucrative market for luxury accommodations, with demand outpacing supply in many popular tourist destinations. By investing in the hospitality industry in Sri Lanka, entrepreneurs and investors can tap into this growing demand and capitalize on the country’s thriving tourism industry. The potential for high occupancy rates and attractive returns on investment make luxury accommodations a promising sector to explore in the Sri Lankan hospitality market.

    Reasons to invest in Sri Lanka’s hospitality industry

    1. Increasing tourism rates in Sri Lanka
    2. High demand for luxury accommodations
    3. Growing economy and disposable income
    4. Expanding market for luxury travel experiences
    5. Growing popularity of Sri Lanka as a travel destination
    6. Opportunities for unique and culturally-rich luxury accommodations

    Strategic location in Asia Pacific.

    One of the key factors that make investing in the hospitality industry in Sri Lanka a wise choice is its strategic location in the Asia Pacific region. Situated at the crossroads of major shipping routes, Sri Lanka serves as a gateway between the East and the West. This advantageous position not only makes it easily accessible to travelers from various parts of the world, but it also offers great potential for business and trade. With increasing connectivity and improved infrastructure, Sri Lanka has become a hub for international flights and maritime activities, further enhancing its position as a regional economic center. As a result, investing in the hospitality industry in Sri Lanka allows businesses to tap into a growing market of both leisure and business travelers, making it a favorable destination for hotel chains, resorts, and other accommodation providers. Additionally, the country’s strategic location also opens up opportunities for collaboration and partnerships with neighboring countries, enabling investors to expand their reach and establish a strong presence in the Asia Pacific region.

    Strategic location in Sri Lanka

    1. Gateway to South Asia
    2. Proximity to growing economies like India and China
    3. Beautiful beaches and landscapes attract tourists
    4. Stable political climate and supportive government policies
    5. Strong potential for business and leisure travel growth
    6. Access to skilled and affordable labor force for hospitality industry

    Diverse and unique cultural experiences.

    One of the key reasons to invest in the hospitality industry in Sri Lanka is the diverse and unique cultural experiences that the country offers. Sri Lanka is known for its rich history, blending influences from various civilizations and ethnicities. This cultural diversity is reflected in the country’s architecture, cuisine, arts, and festivals, creating a vibrant and immersive experience for visitors. From exploring ancient cities and UNESCO World Heritage sites, such as Sigiriya and Anuradhapura, to witnessing traditional dance performances and indulging in spicy Sri Lankan cuisine, tourists are offered a truly authentic experience. This diversity in cultural experiences not only attracts a wide range of travelers but also contributes to the sustainability and growth of the hospitality industry in Sri Lanka. Investors can capitalize on this demand by developing unique and themed accommodations, organizing cultural events, and partnering with local artisans and cultural organizations to offer immersive experiences to guests. By investing in the hospitality industry in Sri Lanka, entrepreneurs and investors can tap into this rich cultural heritage and create unforgettable experiences for travelers while realizing substantial returns on their investments.

    Cultural Experiences in Sri Lanka

    1. Traditional Sri Lankan dance performances
    2. Tea plantation tours and tastings
    3. Ancient Buddhist temple visits
    4. Cooking classes with local chefs
    5. Whale watching in Mirissa
    6. Surfing lessons in Arugam Bay

    Increase in international arrivals.

    One of the key reasons to invest in the hospitality industry in Sri Lanka is the significant increase in international arrivals to the country. Over the past decade, Sri Lanka has experienced a remarkable growth in tourism, with the number of international tourists visiting the country steadily rising. The country’s stunning landscapes, pristine beaches, and rich cultural heritage have made it a popular destination among travelers from around the globe. According to the Sri Lanka Tourism Development Authority, the number of international tourist arrivals reached a record high of 2.3 million in 2018, representing a 10.3% increase compared to the previous year. This upward trend is expected to continue in the coming years, making it an opportune time to invest in the hospitality industry in Sri Lanka. By capitalizing on this growing influx of tourists, investors can tap into a lucrative market and cater to the increasing demand for quality accommodation and services.

    Reasons to invest

    1. Growing tourism industry
    2. High demand for accommodation
    3. Diverse cultural experiences
    4. Beautiful natural landscapes
    5. Increasing business travel
    6. Potential for development and expansion in the industry

    Infrastructure development and improvements.

    One of the key factors that make investing in the hospitality industry in Sri Lanka a lucrative opportunity is the significant infrastructure development and improvements taking place in the country. The Sri Lankan government has recognized the importance of infrastructure in supporting and sustaining the growth of the tourism industry. As a result, there have been significant investments in roads, airports, ports, and public transportation systems, making it easier for tourists to travel around the country and access popular tourist destinations.

    The development of new highways and expressways has greatly improved connectivity within the country, reducing travel times and enhancing accessibility to remote areas. The construction of new airports and the expansion of existing ones, such as the Bandaranaike International Airport, have also increased the capacity to handle a larger influx of tourists. These infrastructure improvements not only make it more convenient for tourists to visit Sri Lanka but also open up opportunities for new hospitality establishments in previously untapped areas.

    Furthermore, the government has also invested in enhancing the quality of infrastructure, especially in popular tourist destinations. This includes the development of world-class hotels, resorts, and villas, as well as the improvement of basic amenities such as water supply, electricity, and sanitation facilities. These investments not only attract more tourists but also create a conducive environment for hospitality businesses to thrive.

    In conclusion, the infrastructure development and improvements in Sri Lanka have played a crucial role in making it an attractive destination for investment in the hospitality industry. The government’s commitment to enhancing connectivity, accessibility, and the overall quality of infrastructure has created a favorable business environment for hospitality entrepreneurs and investors. With the continuous development and improvements in infrastructure, the hospitality industry in Sri Lanka is poised for further growth and success.

    Benefits of investing

    1. Increased tourism and revenue
    2. Modernized transportation systems
    3. Improved accessibility to popular tourist destinations
    4. Upgraded facilities and amenities
    5. Enhanced overall tourist experience
    6. Potential for long-term growth and profitability.

    Variety of investment opportunities available.

    One of the primary reasons to invest in the hospitality industry in Sri Lanka is the country’s strategic location. Situated at the crossroads of major sea routes connecting Europe, the Middle East, and Asia, Sri Lanka enjoys a unique advantage for international trade and business. This strategic location has contributed to the country’s growing connectivity, with an expanding network of international flights and improved infrastructure. As a result, Sri Lanka has experienced a significant increase in tourist arrivals in recent years, creating a high demand for quality accommodation and services.

    Furthermore, Sri Lanka’s favorable business climate makes it an ideal destination for hospitality investments. The government has implemented several initiatives to attract foreign investments, such as tax incentives, streamlined approval processes, and simplified regulations. Additionally, the country has a stable economy with consistent growth, providing a secure environment for investors. This combination of a strategic location and a favorable business climate makes Sri Lanka a promising investment destination for those looking to capitalize on the booming tourism industry.

    In conclusion, the variety of investment opportunities available in the hospitality industry in Sri Lanka is due to the country’s strategic location, favorable business climate, and growing tourism industry. With its unique position as a hub for international trade and business, coupled with government incentives and a stable economy, Sri Lanka offers a lucrative environment for investors in the hospitality sector. Whether it is luxury resorts, eco-friendly accommodations, or boutique hotels, there is a wide range of opportunities for entrepreneurs and investors to explore in Sri Lanka’s vibrant hospitality industry.

    Investment Opportunities

    1. Luxury hotels and resorts
    2. Eco-tourism projects
    3. Vacation rental properties
    4. Boutique hotels
    5. Restaurant and bar investments
    6. Conference and event facilities

    Favorable tax policies for investors.

    One of the key reasons to invest in the hospitality industry in Sri Lanka is the favorable tax policies offered to investors. The government of Sri Lanka has implemented a range of tax incentives and exemptions to attract foreign investments in the hospitality sector. These policies include tax holidays, reduced corporate tax rates, and exemption from customs duties on imported machinery and equipment.

    Under the tax holiday scheme, investors in the hospitality industry can enjoy a period of up to 10 years without paying corporate income tax. This allows businesses to reinvest their profits, expand their operations, and enhance the quality of their services without the burden of heavy taxation. Additionally, the government has also introduced a reduced corporate tax rate of 14% for hotels with a minimum investment of USD 3 million. This competitive tax rate not only encourages new investments but also supports the growth and sustainability of existing hospitality businesses in the country.

    Moreover, investors in the hospitality industry can benefit from the exemption of customs duties on imported machinery and equipment. This significantly reduces the initial capital costs and operational expenses for setting up and running a hospitality business in Sri Lanka. By providing these tax incentives, the government aims to attract more investments, promote job creation, and boost economic growth in the country’s hospitality sector.

    Therefore, the favorable tax policies offered by the Sri Lankan government make investing in the hospitality industry an attractive and lucrative opportunity for both local and foreign investors.

    Tax incentives for Sri Lanka hospitality industry

    1. Lower corporate tax rates
    2. Investment allowance deductions
    3. Accelerated depreciation on hotel assets
    4. Capital gains tax exemptions
    5. Reduced import duties on hotel equipment
    6. Tax holidays for new hotel developments

    Potential for high return on investment.

    One of the top reasons to invest in the hospitality industry in Sri Lanka is the potential for high return on investment. The country’s tourism industry has been growing at an impressive rate, with a steady increase in the number of international visitors year after year. This influx of tourists has led to a surge in demand for accommodation options, ranging from luxury resorts to budget hotels. By investing in the hospitality industry, entrepreneurs and investors can tap into this growing market and capitalize on the high occupancy rates and room rates that are being achieved in Sri Lanka.

    Furthermore, the government of Sri Lanka has taken several measures to support and promote the hospitality industry, making it an attractive investment option. These include offering tax incentives and holidays for tourism-related investments, streamlining the approval processes for setting up hospitality businesses, and providing financial assistance through government-backed loan schemes. These initiatives not only reduce the financial burden on investors but also create a favorable business environment that encourages entrepreneurship and growth in the hospitality sector.

    Overall, with the increasing number of tourists visiting Sri Lanka and the government’s support for the hospitality industry, investing in this sector presents a promising opportunity for high returns on investment. As the country’s tourism continues to flourish and expand, there is a strong potential for investors to achieve significant profitability and success in the hospitality industry in Sri Lanka.

    Reasons to invest in Sri Lanka’s hospitality industry

    1. Growing tourist industry
    2. Increasing demand for luxury accommodations
    3. Affordable real estate prices
    4. Government incentives for foreign investors
    5. Strategic location for international travelers
    6. Stable economy for long-term investments

    In conclusion, investing in the hospitality industry in Sri Lanka presents a promising opportunity for growth and success. With a growing tourism industry, supportive government policies, and a rich cultural heritage, the country offers a unique and desirable destination for travelers. Furthermore, the pandemic has highlighted the importance of domestic tourism and Sri Lanka’s strong domestic market provides a stable base for investment. By carefully considering the factors discussed in this article, investors can make informed decisions and contribute to the growth and development of the hospitality industry in Sri Lanka.

    FAQ

    What are the main reasons to invest in the hospitality industry in Sri Lanka?

    The main reasons to invest in the hospitality industry in Sri Lanka are the country’s growing tourism sector, increasing government support and incentives, a favorable investment climate, and the potential for high returns on investment. Sri Lanka has witnessed a significant rise in tourist arrivals in recent years, creating a demand for quality accommodation and services. The government has implemented various policies and initiatives to attract foreign investment in the hospitality sector, including tax incentives and streamlined business regulations. Additionally, Sri Lanka offers a diverse range of attractions, including beautiful beaches, cultural heritage sites, and wildlife reserves, making it an appealing destination for tourists and investors alike.

    How has the tourism industry in Sri Lanka grown in recent years, and what potential does it hold for future investment?

    The tourism industry in Sri Lanka has experienced significant growth in recent years. The country has made strides in infrastructure development, improved air connectivity, and implemented effective marketing strategies. As a result, tourist arrivals have increased, contributing to the economic growth of the country. Sri Lanka’s diverse offerings, including pristine beaches, cultural heritage sites, wildlife, and adventure tourism opportunities, make it an attractive destination. The government’s focus on sustainable tourism and the promotion of lesser-known regions also present opportunities for future investment. With ongoing efforts to enhance infrastructure, diversify tourism offerings, and attract more high-end travelers, Sri Lanka’s tourism industry holds great potential for future investment.

    What specific factors make Sri Lanka an attractive destination for hospitality investment compared to other countries in the region?

    Sri Lanka offers several factors that make it an attractive destination for hospitality investment compared to other countries in the region. Firstly, its strategic location in South Asia makes it a gateway to the Indian Ocean region, attracting both business and leisure travelers. Secondly, the country boasts a rich cultural heritage, pristine beaches, and diverse wildlife, making it a popular tourist destination. Additionally, Sri Lanka has made significant investments in infrastructure development, including the expansion of airports and the construction of new hotels and resorts. This, coupled with the government’s pro-tourism policies and incentives, creates a favorable investment climate for the hospitality industry.

    How does the government support and promote investment in the hospitality industry in Sri Lanka?

    The government of Sri Lanka supports and promotes investment in the hospitality industry through various measures. This includes providing tax incentives and concessions for new hotel projects, offering land leases at attractive rates, facilitating access to financing through government-backed loans, and streamlining the regulatory approval process for hotel developments. Additionally, the government actively promotes Sri Lanka as a tourist destination through international marketing campaigns, participating in trade shows and exhibitions, and collaborating with industry stakeholders to improve infrastructure and services. These efforts aim to attract foreign direct investment and stimulate economic growth in the hospitality sector.

    What are the potential challenges or risks that investors should consider before entering the hospitality industry in Sri Lanka?

    Potential challenges and risks that investors should consider before entering the hospitality industry in Sri Lanka include political instability, security concerns, and infrastructure limitations. Sri Lanka has experienced periods of political unrest in the past, which can impact the stability of the business environment. The country also faced a terrorist attack in 2019, raising security concerns. Additionally, there may be limitations in terms of transportation infrastructure, especially in remote areas. Furthermore, competition in the hospitality industry is increasing, with the entry of new players and the expansion of existing ones. Investors should carefully evaluate these factors before making investment decisions in the hospitality industry in Sri Lanka.

  • Moon-Chan Kim in seek of commercial opportunities in Sri Lanka

    Moon-Chan Kim in seek of commercial opportunities in Sri Lanka

    Mr. Moon Chan Kim the Co-founder and technical adviser of E&D Co., Ltd, a company which provides environment and energy technology solutions.  Its products include EnDsel-PF, a device that reduces the particulate matter, carbon monoxide, and hydrocarbon emissions from diesel vehicles; and EnDsel-PPF, a solution for emission control from light and medium duty diesel vehicles. He developed and commercialized automobile environmental catalysts and single type DPF, and P-DPF system.

    Moon Chan Kim a citizen of Korea with a brooch of the Sri Lankan flag tagged on his jacket, is now in the course for commercial opportunities in Sri Lanka along with directing Korean firms to invest in such commercial opportunities he discovers to be fitting.

    Korea is also one of Sri Lanka’s leading donors of Official Development Assistance (ODA). Korean ODA has contributed to Sri Lanka’s development process through the Economic Development Cooperation Fund (EDCF), and grant assistance via the Korea International Cooperation Agency (KOICA). There are many lessons that our lawmakers and people can learn from Korea. When World War II ended, Korea was way behind both Sri Lanka and Japan in terms of economic growth.

    Mr. Moon-Chan Kim in 1993 graduated from Yondsei University, Seoul Korea with a Ph.D. in Chemical Engineering a study of the hydrocracking and the hydrodesulphurization over NiPtMo, CoPtMo catalysts supported on HZSM-5, LaY, and r-Al2O3, and their acidic characterization.

    Following his graduation, Moon-Chan Kim in 1995 became the professor of Environmental Engineering at the Cheongju University in Korea executing many national projects for the environmental catalysts and renewable energy.

    Been the founder and CEO of ENFC CO., Ltd. In 2005 and also the founder and CEO of the Oil City., Ltd. In 2012, Mr. Moon-Chan Kim is now the Asian region policy officer of International Biographical Center a publisher owned by Melrose Press Ltd that specializes in producing biographical publications, such as the Dictionary of International Biography, Great Men and Women of Science and other vanity awards.

    Sri Lanka in the modern era has become a center of attraction for foreign investments as a part of a South Asian trio with high potential for growth. Korean business leaders have already expressed their strong interest in investing in Sri Lanka.

    Sri Lanka with an economy worth of $278.415 billion and a per capita GDP of about $11,068.996, Sri Lanka has a strong growth rate in recent years. Sri Lanka’s economic future can be seen as a services hub to produce goods which plug into regional and global value chains and a center for high-value agricultural products such as fruits, vegetables and dairy contributing the rapid growth of the tourism and export sectors.

    With an unemployment rate of 4.2%, with foreign firms inclined towards investing in Sri Lankan businesses seeking for opportunities, it will in return be an opportunity for the unemployed population in the country to seek for job opportunities which will contribute towards the economy of the country as a benefit.

    In 2010, as the research scientist for the Department of Chemical Engineering, MIT in Cambridge, USA, Moon Chan Kim executed and commercialized power generation system by fast pyrolysis with waste biomass and MSW and emulsion fuel for IMO Tier 3 regulations.

    The country’s geographically strategic location near two high-growth regions (India and Southeast Asia), and its tourist potential, as well as the measures taken by the government, creation of free zones, reduction of food subsidies and other consumer goods, are factors that draws the eyes of foreign investors towards Sri Lanka.

    Moon Chan Kim is a professional in areas such dissociation catalyst of waste plastics and woody fiber for producing diesel oil, heterogeneous catalysts for environmental fields such as reducing NOx, CO, dioxin, ozone, VOCs (volatile organic carbons), and toxic materials. Further, he has entitled The Da Vinci Diamond Award (IBC 2016), Great Men and Women of Science Award, and furthermore. Hence, his knowledge and participation in the commercial sector will be beneficial for Sri Lanka.

  • Mass grave in Mannar in Northern Sri Lanka unearths 300 human skeletons

    Mass grave in Mannar in Northern Sri Lanka unearths 300 human skeletons

    Jan 16, Colombo: Skeletal remains of 300 people and human bones have been unearthed as of today from the mass grave found in Mannar in Northern Sri Lanka after the grave area has been expanded for a second time since the excavations began on May 28 last year, Senior Judicial Medical Officer Shaminda Rajapaksa said.

    The excavations at the mass grave resumed Wednesday (16th) after temporarily suspending the activities on January 11.

    Until today excavations have been carried out for 130 days and skeletal remains belonging to 300 individuals have been unearthed from the mass grave at the old Sathosa building site, the official said.

    Out of this total, skeletal remains of 294 individuals have been systematically removed and currently sealed and placed in a special chamber at the Mannar Magistrate’s Court complex, Dr. Rajapaksa said. Remains of 23 bodies believed to be children’s have been separated.

    Speaking about taking samples to the United States for carbon dating, Dr. Rajapaksa said, under the Mannar Magistrate’s orders bone samples were collected in the presence of a group of forensic medicine specialists and a special team of government attorneys.

    He said the bone samples for the radio carbon dating were obtained under observation of all relevant parties in order to ensure transparency.

    The official said excavations may be temporarily suspended while he will be away taking the samples to the U.S. and a decision will be made after discussions with the magistrate this week.

    Following the discovery of human remains on 26 March 2018 at the old Sathosa building in Mannar, the excavation of the site started on 28 May 2018 under the supervision of Mannar magistrate. Excavations continued after the site was expanded twice.