Stafford Hotels achieves 155% rise in profits in Q1

Club Hotel Dolphin of Stafford Hotels PLC while the rest of the entire tourism industry in Sri Lanka was down in the doldrums, bucked the trends showing a spectacular Rs. 8.3 million net profit in the first quarter of the 2007-08, up 155%, from a profit of Rs.3.2 million during the same period last year.

“Possibly, no other resort hotel in Sri Lanka has achieved such a strong performance during Q1,” the company said in a statement. Its CEO, Srilal Miththapala said the reasons for this success was good strategic planning, continuous value addition, innovation and excellent team work.

“In 2005, against all odds, we decided to forge ahead with building a second swimming pool and adding 25 more rooms to our inventory, this is currently paying rich dividends where with a total 150 rooms we can juggle our portfolio and market mix, while the second pool adds flexibility and helps differentiates our product offering,” he said.