Colombo city hotels have increased occupancy by 10% from 2014 to record 75% in 2015, Colombo City Hotels Association Chairman M. Shanthikumar told to Daily News Business yesterday. He said that in 2015 December, the average occupancy too has increased by around 20% in comparison to December 2014 . He said that the current devaluation of the rupee too is helping the industry and it's adding into their revenue.
Shanthikumar said unclassified hotels are eating into their revenue and this is a major issue.They are not paying any taxes and are also under cutting us by offering low rates. "We have brought this up with the government which has now responded. These unclassified hotel rooms which we estimate to be around 1,000 will soon be made accountable,"he said.
Commenting on the increase of rooms in Colombo city, he said around 250 star class rooms were added in 2015. This number will significantly increase with new hotels like Mövenpick opening next year.
www.dailynews.lk
Shanthikumar said unclassified hotels are eating into their revenue and this is a major issue.They are not paying any taxes and are also under cutting us by offering low rates. "We have brought this up with the government which has now responded. These unclassified hotel rooms which we estimate to be around 1,000 will soon be made accountable,"he said.
Commenting on the increase of rooms in Colombo city, he said around 250 star class rooms were added in 2015. This number will significantly increase with new hotels like Mövenpick opening next year.
www.dailynews.lk
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