By Mario Andree
Ceylon Finance Today: Sri Lanka Tourism Development Authority (SLTDA) has received 44 investment proposals for hotel projects during this year which would add more than 2,618 rooms to the existing room capacity of the country.
Ceylon Finance Today: Sri Lanka Tourism Development Authority (SLTDA) has received 44 investment proposals for hotel projects during this year which would add more than 2,618 rooms to the existing room capacity of the country.
According to the Central Bank final approval was given to 31 project proposals during the first nine months of this year.
Fifteen new hotel projects commenced commercial operations during the first three quarters adding 999 rooms to address the growing demand.
Further, the SLTDA has initiated three new tourism resort projects in Kalpitiya, Kuchchaweli and Yala themed 'Island Resort', 'Beach Resort' and 'Wildlife Resort'.
Fifteen new hotel projects commenced commercial operations during the first three quarters adding 999 rooms to address the growing demand.
Further, the SLTDA has initiated three new tourism resort projects in Kalpitiya, Kuchchaweli and Yala themed 'Island Resort', 'Beach Resort' and 'Wildlife Resort'.
The Authority developed and marketed several locations such as, Passikudah, Kuchchaweli and Kalpitiya as tourism zones for investments.
All land plots in Passikudah were taken up by investors according to the authority, while Kuchchaveli and Kalpitiya have yet to be taken up fully.
All land plots in Passikudah were taken up by investors according to the authority, while Kuchchaveli and Kalpitiya have yet to be taken up fully.
The Board of Investment of Sri Lanka has been actively promoting several mixed development projects as well as resorts to address the growing demand of lodging. Since 2009 the government actively signed several agreements and handed over blocks of land to foreign investors for hotel and mixed development projects.
Sri Lanka during the first 10 months of this year received 1,228,754, up 21.5% from 1,011,255 tourists according to SLTDA data.
Earnings from tourism recorded a healthy growth of 31.4% according to the Central Bank to US$ 1.6 billion during the first three quarters of this year.
www.ft.lk
Sri Lanka during the first 10 months of this year received 1,228,754, up 21.5% from 1,011,255 tourists according to SLTDA data.
Earnings from tourism recorded a healthy growth of 31.4% according to the Central Bank to US$ 1.6 billion during the first three quarters of this year.
www.ft.lk
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