Business Times

Special concessions to Shangri-La not wrong

Sri Lanka Tourism today needs the government to provide necessary concessions to entice super brands to enter the market, an industry expert asserted last week.

The government needs to entice Shangri-La with concessions as it is beneficial for the industry, Aitken Spence Hotel Managements-Managing Director Malin Hapugoda told the Business Times, adding that he finds nothing wrong in this.

He noted that these super brands need to enter the market in a bid to lure the high yield customers. Aitken Spence has also enticed Six Senses to open up hotels in the country.

In this respect, the tourism industry is consciously looking at building up the brand image and portraying Sri Lanka for what it truly is, he said. With Sri Lanka unable to play the numbers game like Thailand, Mr. Hapugoda observed that "we have to increase numbers to manageable levels and high yield guest component need to be 40% of total tourist portfolio."

He explained that when the Taj Samudra was established the government at the time granted concessions with prime land made available at relatively very low rates compared to what Shangri-La is given today.

Similarly, Hilton, Intercontinental and Oberoi were provided with concessions in a bid to ensure they set up their hotels in Colombo, he said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Sri Lanka loses race in hedging payments
Elephants could stall C’Wealth Games bid
Chinese firm clinches SLT and Mobitel expansion deals
Sri Lankan entrepreneur wins Queen's award
Tourists increase by 19.9% in June
Rs.1.7 bln investment in Kalutara hotel
Regional development takes off
COMMENT -Losing round one in hedging scam
Going ‘beyond the title’
What you should know about one-way traffic systems
Sri Lanka’s tea industry faces a threat of collapse amidst workers wage hike
Amana Global MoU with Islamic Banking and Finance Institute, Malaysia
IBSL confirms Ceylinco Life as country’s top life insurer
ODEL hires top global retail management expert as new COO
Microsoft launches 'Sharepoint Saturday' in SL
Mobile is the next big thing for digital: Neo@Ogilvy APAC President
Dialog Axiata in JV with Multinet Pakistan to provide Global Connectivity Services
Losing a major battle in a British Court
Hambantota gets down to business
Fast-growing Softlogic acquires Asia Capital
Commercial Factors reaches Rs. 3 bln portfolio milestone
Top surfers to ride A-Bay waves at SriLankan Airlines Pro Surf
Sri Lanka hosts major international conference on building resilience to disasters
Western Province share of national GDP falling: CB
Bharti Airtel announces new organisation structure for its India and South Asia operations
Carbon firm launches consultancy services with Vallibel Power
Pioneer DNA-testing company, Genetech wins ISO accreditation of its lab
Brandix supports Moratuwa University’s research work with Rs. 5 million grant
Special concessions to Shangri-La not wrong
Indo-Lanka ferry service drawing many travellers
Hotel boom attracts US$1.1 mln investment
Visiting Jaffna anyone?
Surprise, shock then relief over Softlogic trading
Union Bank takes over finance company, F&G
Oil hedging deals – Exercise of the Judicial Power of the people ?


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution