FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Hotel Sigiriya (HSIG) most undervalued & huge profit making Hotel
by Chalitha Tharanga Yesterday at 6:44 pm

» Mahaweli Reach Hotels (MRH.N)
by Chalitha Tharanga Yesterday at 6:41 pm

» Banking Sector (3Q 2024)
by ADVENTUS Yesterday at 5:33 pm

» CSE to turn bullish after November 14 poll
by Rare Yesterday at 10:13 am

» ලාභ විජ්ජාව!!
by D.G.Dayaratne Mon Nov 18, 2024 8:11 pm

» Prepare to be blown away..
by cpriya Mon Nov 18, 2024 1:05 am

» ‘Buy the Rumour, Sell the News’
by God Father Sat Nov 16, 2024 12:00 pm

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Sat Nov 16, 2024 9:56 am

» Oil prices fall further
by Rare Sat Nov 16, 2024 9:40 am

» Post-election winners.
by Rare Sat Nov 16, 2024 9:36 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Sat Nov 16, 2024 9:25 am

» Plantation Companies
by Rare Sat Nov 16, 2024 9:19 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Thu Nov 14, 2024 10:31 pm

» People's leasing VS Singer Finance IPO Analysis
by ddrperera Wed Nov 13, 2024 8:18 pm

» Insights into LOLC Advanced Technologies
by samaritan Wed Nov 13, 2024 10:41 am

» LOLC Tech's ambitious plans for global expansion
by samaritan Tue Nov 12, 2024 2:06 pm

» PLANTATION SECTOR
by God Father Sun Nov 10, 2024 8:19 pm

» People's leasing company, a hidden gem? (an analysis)
by Nandana Withanage Sun Nov 10, 2024 6:56 pm

» PEOPLE'S LEASING BUYING SIGNAL Target Price 19 ..PLEASE KEEP EYE ON THIS..
by nilantha suranga Sun Nov 10, 2024 9:16 am

» Peoples leasing technically positive Target Price Rs 20
by Shiranli Sun Nov 10, 2024 7:43 am

» Quarterly Research Updates (Sep 2024)
by God Father Sun Nov 10, 2024 7:42 am

» Peoples Leasing....!!! whts the target?
by rajithasahan Sun Nov 10, 2024 7:35 am

» PEOPLE'S LEASING & FINANCE PLC
by mafasmunaseer Sun Nov 10, 2024 12:45 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Sri Lanka tourism urges Europeans to ignore bad media reports

2 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

June 10, 2012 (LBO) – Sri Lanka’s tourism chief is urging European businessmen to ignore negative media reports in their home countries that highlight the island's human rights record and may lose them investment opportunities.

The Indian Ocean Island is experiencing a boom in tourists and leisure industry related-developments, three-years after government forces ended the decades long conflict with ethnic Tami Tiger separatists.

Many international chains have put down cash to build hotels and resorts across the tropical island, while the government sets about building infrastructure to support the tourism boom.

Nalaka Godahewa, who heads Sri Lanka's Tourism Development Authority said while European businessmen pass-up an opportunity to invest in Sri Lanka, Chinese and Indian investors have moved in to fill the void.

"Ours is a virgin market. Unfortunately what’s happening is the Europeans are holding back," Godahewa was quoted in an interview with a British newspaper.

"They’re listening to all these media stories talking about a problem in Sri Lanka

Human Rights
Western governments have often been critical of Sri Lanka human rights record, particularly the way the island handled the final months of its ethnic conflict.

International human rights groups also accused Sri Lanka’s military of allegedly committing war crimes during the final months of the war that ended in May 2009.

In March the UN Human Rights Council moved a resolution against Sri Lanka over its no-holds-barred military offensive.

Rights groups estimate that tens of thousands civilians also died in the final offensive, but Sri Lanka maintains its troops did not kill civilians.

London-based Amnesty International has accused the government of abuses including a campaign to intimidate peaceful critics since the end of the war, while minority Tamils say they face discrimination and abuse.

Bad press

Sri Lanka has repeatedly dismissed this criticism, and Godahewa says European investors should also ignore them.

"By the time the European investors come, it will be too late. So my message is don’t listen to these media stories, come and see for yourself and grab the opportunity now," he said.

International hotel chains like Hong Kong-based Shangri-La, the Sheraton and Four Seasons have signed up to develop luxury properties in Sri Lanka.

In 2010, Sri Lanka had some 22,000 hotel beds, enough to accommodate about 900,000 tourists. By 2015, Sri Lanka plans to add 45,000 rooms, according to tourist board figures.

"There are other requirements, things like theme parks, racecourses, casinos, yachts, marinas, and light aircrafts. There are so many things that are not there yet and can be built in the next three to four years."

Since the war ended in 2009, Sri Lanka has forecasted a five-fold increase of 2.5 million foreign visitors by 2016, who will generate some 2.75 billion dollars in revenues.

"Tourism is most directly affected by international perceptions, and tourism is a key economic driver for the country," Godahewa said.

New experience

While English, a language inherited during colonial times, is widely spoken throughout the island, the tourist board is encouraging people to learn Chinese.

"We are also promoting the Chinese language, as by 2035 China will be the largest economy in the world."

Godahewa said tourism promotions are now centeredaround “eight experiences within eight days."

"There are eight types of tourism products that we promote: business, heritage, wildlife, yoga and religious tourism, festivals, sports and adventure, scenic beauty, and the eighth is our essence, the feeling of being in Sri Lanka, our customs, costumes, dancers, music, and the smile."

Historically, Europe, led by Germany and the UK, have been Sri Lanka’s strongest tourism market. But the number of holidaymakers from those destinations slipped during the war, though no tourist was hurt.

Sri Lanka, has since turned to emerging markets like India, China, Russia and the Middle East to fill empty hotel rooms.

"We are a primarily European driven market ….. The UK is definitely a key market, and remains our second biggest market after India," Godahewa added.
http://lbo.lk/fullstory.php?nid=692916170

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Bad media reports?
Without base media is writing anything adversely?
Cover up drama won't help.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum