Club Hotel Dolphin turns to profits once again

Club Hotel Dolphin, the popular beach resort in Waikkal, continues to defy the current gloomy trend of tourism, returning spectacular profits at the end of the third quarter (Q3). The net turnover stood at Rs. 234.2 million with a net profit of Rs. 36 million, far in excess of the hotel’s performance at the end of Q3 2006, which was Rs.188.1 million. The hotel’s accounting year is April 2007 to March 2008.

The hotel said however that compared to Q2, there was a decline in the revenue for Q3 following the difficult period that tourism has gone through in the past few month.

“Regardless of the difficult times ahead, we are fairly certain Club Hotel Dolphin will perform well in Q4 and end the financial year with a record performance,” said it’s CEO Srilal Miththapala.

Club Hotel Dolphin has several strong market segments, and is a particular popular product in the British market, with its main partner First Choice UK. In addition, it has a very strong local corporate market segment, as well as airline stop over business.