TOURISM INDUSTRY

Dilith J hotels will move in any hotel rally also..
KHL moving since last few days due to two reasons...

RJ1010 wrote:Subash completely agree with you. I was also going to mention if someone wants to sell hayc, expo, DIPD to buy hotel shares then that person don’t know anything about investing vs trading and how to manage a share portfolio.

Anyway the news is good for tourism sector. All tourism businesses have suffered too much during this year.
This news might also spark another quick hotel rally.

If YOU CAN GET IN AND GET OUT AT THE CORRECT TIME, IT'S OK TO BUY HOTEL SHARES

IF NOT WHEN THE RESULTS COME IN JANAURY YOU WILL BE DISSAPOINTED

The airport opening is just a proposal. Its not a decision.

rajini wrote:The airport opening is just a proposal. Its not a decision.

News trigger up rally. Even today peoples are coming from overseas but they need to undergo 14days. Tourist will be difficult category.

Vishwanarth wrote:

rajini wrote:The airport opening is just a proposal. Its not a decision.

News trigger up rally. Even today peoples are coming from overseas but they need to undergo 14days. Tourist will be difficult category.

It wasn't a rally. Retailers got panic and entered but long term buyers are holding their positions. Now the retailers who bought but can't hold are selling.

it's too early to enter into hotel. if you can hold money minimum 2 years that ok.

CITW citrus waskaduwa at 4.00 is a very good trading opportunity.
can go up to 6.5 in a short term rally.

Master D wrote:CITW citrus waskaduwa at 4.00 is a very good trading opportunity.
can go up to 6.5 in a short term rally.

Yes 6.50 can touch next days....

CITW has good background even in COVID period. Go through company management team also

Industry will be supported by news that BIA allows visitors from today. Sings relaxation of Arrival/Departure

DamithAsian wrote:CITW has good background even in COVID period. Go through company management team also

Industry will be supported by news that BIA allows visitors from today. Sings relaxation of Arrival/Departure

It did reasonably well during covid bcoz the boss allowed it to be used as a paid hotel quarantine for repatriated Lankan’s. The boss minimized losses for his business with this ‘patriotic act’.

http://www.ft.lk/front-page/SIA-to-resume-flights-to-Colombo-from-tomorrow/44-709787?fbclid=IwAR3tAT5HiEcZwBv9B_iASxn_YSNvPc6mziwyM1u5ImB6Ng1jxuzOG13AfFg#.X8sYTOKRjTo.facebook

SIA to resume flights to Colombo from tomorrow
Saturday, 5 December 2020 00:59 - - 416
3 flights per week to Singapore
Limit of 50 passengers set for incoming flights, prior approval needed from Foreign Ministry
By Charumini de Silva

Singapore Airlines will resume flights to and from Colombo from tomorrow (Sunday) after a lapse of nine months.

RJ1010 wrote:

DamithAsian wrote:CITW has good background even in COVID period. Go through company management team also

Industry will be supported by news that BIA allows visitors from today. Sings relaxation of Arrival/Departure

It did reasonably well during covid bcoz the boss allowed it to be used as a paid hotel quarantine for repatriated Lankan’s. The boss minimized losses for his business with this ‘patriotic act’.

That Boss surely takes every chance for his companies. Good for Share holders anyway

Hopefully it would be a good investment for LOLC in long run.
It definitely wasn’t a good business for HHL to hold onto.

Interest cut for the hotels on bank loans for 2 years is not something impossible to happen. Dr. Hasha De Silva also showed the necessity. Keep your eye on the cabinet proposals

Lifting of travel restriction to tourists from UK will be a stimulus to hotel & tourism sector.

samaritan wrote:Lifting of travel restriction to tourists from UK will be a stimulus to hotel & tourism sector.

Absurd assumption. 

Who is going to come and sit in a hotel for 14 days quarantine? The cost can be upwards of USD 1400 for the 14 day stay.

Mr. Wayne wrote:

samaritan wrote:Lifting of travel restriction to tourists from UK will be a stimulus to hotel & tourism sector.

Absurd assumption. 

Who is going to come and sit in a hotel for 14 days quarantine? The cost can be upwards of USD 1400 for the 14 day stay.

High end tourists /British citizens who will feel safe from corona virus & cold weather. In other words life saving holiday!

As the Covid casualties are much less here compared to UK and also a preferred destination for holiday makers. ("Lonely Planet" voted SL as the top travel destination 2019., owing to Covid outbreak LP has not ranked tour destinations for 2020 & 2021).

Government Foreign currency need is very critical than covid

SLAITO also confirmed that airlines have reported major increases in the passenger loads to Sri Lanka, where the majority are from Eastern and Central Europe.

https://www.ft.lk/front-page/Govt-resumes-ETA-for-fully-vaccinated-travellers/44-723879

CBSL to write off Rs. 15 b in accrued interest of COVID-hit businesses

https://www.ft.lk/front-page/CBSL-to-write-off-Rs-15-b-in-accrued-interest-of-COVID-hit-businesses/44-723881

COVID-hit enterprises
Hotels
Transport

Be Ready for Red Day

"12,700 tourists arrived last month compared to 5,040 arrivals in August, according to the Sri Lanka Tourism Promotion Bureau. The visitors were from the United Kingdom, Germany, France, Russia and Pakistan."


Waiver of second PCR test brings quick profit at Arrivals gate

By Chrishanthi Christopher
View(s): 1004

The tourism industry has welcomed the Health Ministry’s decision to revoke the requirement of a PCR test at the airport, saying the decision would boost tourist numbers.

Under new guidelines, people who have negative results from a PCR test carried out 72 hours prior to arriving at the Colombo airport will not have to undergo a further PCR test when they land.

This means all passengers who have received two jabs for COVID-19 and have a negative PCR test prior to arriving in the country will be able to walk in free.


Tourists visiting Sigiriya last week. Pix by Kanchana Kumara

Sri Lanka Inbound Tourists Operators (SLAITO) said already the number of tourists visiting the country had increased.

Some 12,700 tourists arrived last month compared to 5,040 arrivals in August, according to the Sri Lanka Tourism Promotion Bureau. The visitors were from the United Kingdom, Germany, France, Russia and Pakistan.

From January to August, just 24,377 visitors arrived in the country, most members of the diaspora visiting family, SLAITO past president Mahen Kariyawasam said.

He said arrival numbers improved considerably since the requirement for 14 days’ quarantine was reduced to one day with a mandatory PCR test showing a negative result. Tourists have to remain within a hotel only for a day until their results came in.

The requirement for $US50,000 medical insurance covering COVID-19 treatment and hospital care remains.

“We already are getting positive vibes and there have been number of enquiries from potential visitors,”
Mr. Kariyawasam said.

Nevertheless, he said, more was required: the practice of issuing visas on arrival had to be reintroduced so that visitors were not forced to pay and obtain visas online. They also had to obtain prior hotel bookings and travel insurance cover, and this sometimes took up to three days to achieve.

“We had the best system in the world in issuing visas on arrival. We are talking to the authorities to reintroduce this facility and give visitors opportunity to buy insurance at airports,” he said.



The Hotels Association is anxiously waiting for new business following massive losses during lockdown periods when no tourists came to Sri Lanka.

President Sanath Ukwatte expressed optimism that the tourism would speedily pick up. “People love to travel,” he said.

During the lockdown, many hotels joined hands with the health sector to provide intermediary care to mild and first contact patients but this business has decreased due to the number of persons requiring quarantine reducing drastically.

The government has embarked on a tourism promotion spree, targeting niche markets such as the “digital nomads” who look for countries that offer long visitor stays. Sri Lanka has been recognised as a top destination for this growing segment in which people seeking to escape a busy city life look for extended visits to picturesque locations where they can enjoy a “technology-driven lifestyle”, tourism promotion bureau Director General Dhammika Wijesinghe said.

There is interest from European countries such as Germany, France and The Netherlands as well as the United Kingdom and India, he said. Sri Lanka currently grants stays up to one year for the visitor category “digital nomads”.

The tourism bureau has also held webinars with the tourism sector in countries such as India and Vietnam to encourage tourists to visit Sri Lanka.