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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka Tourism

Sri Lanka Tourism

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21Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue May 05, 2015 7:52 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Global giant Minor renews commitment to Sri Lanka tourism

May 5, 2015

Two luxury hotels with $ 100 m investment to open in July and early next year in partnership with Hemas Holdings

Global leisure giant Minor Hotel Group (MHG) last week renewed its commitment to further develop Sri Lanka’s tourism with two luxury resorts with an investment of $ 100 million set to open in July this year and January next year in partnership with Hemas Holdings Plc.
The growing confidence in Sri Lanka was reiterated by Minor Chairman and CEO William E. Heinecke, who arrived here in his private jet last week.
Speaking at a ceremony to celebrate the success of the partnership between Minor and Hemas with Prime Minister Ranil Wickremesinghe present as the Chief Guest, Heinecke said he looked forward to the development of the tourism industry in Sri Lanka.
Headquartered in Thailand, the Minor Hotel Group is a hotel owner, operator and investor, with a portfolio of 133 hotels and resorts in 22 countries.
Under its flagship luxury brand Anantara, two resorts – Anantara Tangalle Peace Heaven and another resort planned for Kalutara – are slated to be opened in July this year and January next year respectively.
“It has been a personal aspiration of mine to see the luxury Anantara brand in Sri Lanka and I am delighted that it is coming to fruition soon,” Heinecke said. This brand has been in the Maldives for many years.
“We look forward to the development of the tourism industry in Sri Lanka and I am confident that the world-class Anantara properties will set the standard in luxury tourism in Sri Lanka. We believe in the people of Sri Lanka and we are committed to a long-term partnership for the successful development of the tourism sector which we see as a driver for Sri Lanka as it has been for Thailand,” the Minor Chief emphasised.
Heinecke also congratulated the new Government and noted that it was a pleasure to see positive changes in the country.
“Sri Lanka is one of the most beautiful sought-after destinations in the world. We are honoured to be part of Sri Lanka tourism. We have been extremely confident that Sri Lanka is a key driver for Minor Group’s development plans,” he added.
Following a partnership established in 2006, Minor and Hemas in 2011 launched the Avani brand with a resort in Bentota in 2011 followed by another one in Kalutara in 2012. Today the Avani brand has 13 properties worldwide.
Hemas Holdings Director Abbas Esuflaly said Hemas forged a strategic partnership about 10 years ago with Minor, taking an equity stake in Hemas Holdings subsidiary Serendib Hotels Plc. He said the world-class hotels coming under the Anantara brand would be iconic, with the Tangalle resort already winning global praise as one of the most eagerly looked after new buildings.
“The new Government’s focus on tourism has given us the impetus to invest further in the sector. More hotels are being contemplated and we look forward to contributing further to the sustainable development of the tourism industry,” Esufally added.

http://www.ft.lk/2015/05/05/global-giant-minor-renews-commitment-to-sri-lanka-tourism/

22Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue May 05, 2015 7:53 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Next target Hotel sector alien cheers

23Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue May 05, 2015 12:27 pm

manaranga


Stock Trader
I think no leader in sri lanka has a clear vision to develop manufacturing sector which is the hart of any developed country.

KavinduTM


Vice President - Equity Analytics
Vice President - Equity Analytics

25Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Mon Jan 27, 2020 11:27 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I like the new tourism ministers ambitious drive

26Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue Jan 28, 2020 3:08 am

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@Promoney wrote:I like the new tourism ministers ambitious drive

Yeah we can expect some considerable growth of tourism. I love you

27Sri Lanka Tourism - Page 2 Empty Hotel bookings Cancel due to fear on Tue Jan 28, 2020 6:37 am

Teller

Teller
Moderator
Moderator
Most of the hotels and flight bookings were cancelled due to travel warning as per booking.com, this may be the 2nd highest impact for sri lankan hotels after APR, Attack

28Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue Jan 28, 2020 6:41 am

Teller

Teller
Moderator
Moderator
1 infected patient found, she has visited through below route map
please check every one if someone has been to the following places during the following dates because a patient with corona virus has been there:
D1
19.Jan

Hotel: Gateway Airport Garden - BB

D2
20.Jan Negambo to Sigriya
Tropical Village
Dinner:Hotel Sigiriya Jungles- HB

D3
21.Jan Sigiriya to Kandy
Isiwara Lunch:Isiwara Garden
Dinner: Hotel Amaya Hills (Deluxe room)-HB,

D4
22. Jan Kandy to Nuwara eliya
Breakfast:Hotel
lunch:Oak Ray Kandy
Peradeniya to Gampola
Lunch: Oak Ray Kandy
Dinner:Hotel Araliya Green Hills-HB,

D5
23.Jan
Nuwara eliya to Southwest beach-
Breakfast:Hotel


Blue Field
Alloy
Lunch:Alloy



Dinner:Hotel


Hotel: RIU Ahungalla-AI,

D6
24. Jan
Lunch:Ramprt
Dinner:Hotel: RIU Ahungalla


_________________




Teller said is said..

29Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Thu Apr 16, 2020 4:21 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This would be the most affected sector in Sri Lanka. Its not too late to get out!

WTTC expects a dip of about 25 percent or more in tourism earnings, with at least 50 million job losses worldwide, while Asia will account for about 30 million out of this

After the April 2019 terrorist attack in Sri Lanka, the Market Development Facility (MDF), an Australian multi-country initiative, launched a series of informative seminars across the country to help the smaller scale hotel companies understand how they could manage the crisis. These programmes were very well received by the SMEs.

Now, with the COVID-19 crisis affecting the industry in a catastrophic manner, there have been several requests for such programmes to be conducted again to help the industry.

Being the coordinator who structured and designed these programmes for MDF, I am not really sure how to respond to this gigantic crisis. It is much more complex and all encompassing, since it’s a global issue, involving every aspect of the tourism and hospitality value chain.

Regardless of the complexity and the extent of the disaster, it may be worthwhile to think through how the Sri Lankan Tourism industry will evolve in the months to come.

Current status of tourism industry
When I penned my thoughts in early March 2020 in an article titled - ‘Tourism: ‘Mother of all crises’ around the corner?’, I did not even dream that things would become this serious.  Airlines the world over have since stopped operating, airports are shut, hotels are closed, staff sent off. In short, tourism the world over has virtually grounded to a halt. I was wrong. This is not the ‘Mother of all crises’…but the ‘Mother and Grand Mother of all crises’!
So yes, it is a doom and gloom scenario we have now, inundated from every side, every minute, by every possible medium, about this COVID-19 issue. The numbers keep increasing faster than a taxi meter.

The World Travel and Tourism Council (WTTC) expects a dip of about 25 percent or more in tourism earnings, with at least 50 million job losses worldwide, while Asia will account for about 30 million out of this.

The UN secretary general has said that this crisis is ‘the most challenging crisis we have faced since the Second World War’  

So what do we in the Sri Lankan tourism industry do? Where do we go from here?

Without resorting to some crystal ball gazing, (which actually may be the most appropriate thing to do under the circumstances !) here are some thoughts on how  the  tourism scenario will pan out.

Travel will bounce back- Man’s insatiable thirst to explore and experience new things will always prevail over all else. For almost 8-10 consecutive years, Tourism could not have showed such consistent worldwide growth of 4.5-5 percent amidst so many intervening cries, if this were not so. More affluence, as the world’s emerging middle class grows rapidly, and proliferation of internet connectivity will fuel this growth in the future as well. So once this pandemic is over, I think there will be actually a pent up demand to travel. But when is the million dollar question?

Tourism will be relatively slow in returning to normalcy- While certainly people will start travelling once the immediate threat subsides, and airline connectivity and airports start functioning, for tourism to really come back to the heady  ‘pre corona’ levels. It will take  a long time. For sure it will limp along on ‘bumpy road on 2nd gear’, but to reach its full potential, there will have to be a clear international ‘all clear’ sounded.  

And an ‘international all clear’ will come, only once we have an effective vaccine in our hands, easily accessible to people all over the world. And that, the experts say, is at least 12-16 months away. So the real robust tourism, is some time away.

Speed of recovery is out of our hands- Usually tourism is a ‘front- end industry’. We are the first to get hit, but we are also the first to rise up. In June 2009, the very next month after the end of the civil strife in Sri Lanka, occupancies showed dramatic increases.

However all previous crises have been more or less within our ‘purview’, where we could take strategic initiatives on our own, to mitigate the crisis. This time it is radically different, because this is worldwide crisis, (the likes of which we have not seen before in our lifetime) which is affecting the whole value and supply chains of tourism. Therefore the whole world will have to come to some equilibrium recovery stage before tourism can fully recover, unlike other industries. (e. g exports can continue on a selective basis  since there are cargo operations still ongoing )

Hotel plant will undergo significant changes – All hotels in the country will suffer huge financial loses, and those who cannot survive will go under. The name of the game now is pure survival, with zero cash inputs.  So, there will be sales, and buy outs of hotels, mergers and acquisitions, and a substantial re-alignment of the hotel product in the country.

According to the SLTDA there were 382 hotel projects which had been approved for construction, which would have added a further 19,218 rooms to the stock. Post Covid19, many of these projects may not see the light of day (which in my mind is a good thing, as there could have been an oversupply of rooms in the market)
Who will survive? Who will crash? - I believe that the mid-to lower range accommodation providers with 20-80 rooms will be the most badly hit. The bigger chains will certainly have the ‘staying power’ to buckle down for a long wait.

The really small, ‘mom-and-pop’ home stay operators will also survive. These small timers have very little overheads, and most often, the service staff is family members or relatives. So they will not have issues of layoffs and retrenchment, and their financial commitments towards capital repayments, would also be minimal, for the usual 3-4 rooms in their own home.

It is the slightly larger, single owner accommodation providers who would be the casualties. Most often their investment would be relatively large, and quite a few of them would have just ‘jumped on the tourism bandwagon’ during happier times, without any product innovation or differentiation. Therefore many of such mid to low range hotels will succumb, without cash to service their loans. (Moratoriums and deferments are all good, but they are not write-offs. All these accumulated dues will have to be eventually paid off).

Where will the demand be? – Once the crisis blows over, and travellers slowly start venturing out, what hotel products would be in demand first?
After a crisis, it is seen that the ‘first movers’ are the more risk- taking, younger people. They are by nature looking for cheaper offerings, but at the same time are more adventurous and prefer authentic ‘back-to-basic’ experiences. (In Australia, when the lockdown was announced, all the law breakers were the younger folk, who thronged the beaches in defiance of the lockdown).

So quite clearly the initial demand would be for the lower end, B&B guest houses and home stays, which this segment patronises, and not really the higher end establishments.

So what can the formal hotel sector do? – Smart hotel management operators will use this down time to re think and plan out new strategies. They can review all procedures and streamline to give a better customer service, innovate and create new value-added product and service offerings, motivate, train and upskill staff (when physically able ), embark on introducing a proper sustainable consumption regime etc.

With the day-to-day ‘firefighting’ operations that go on in hotels, it is always a challenge for management to find the time to engage in strategic thinking and planning. Hence this prolonged lull in operations is an ideal time to ‘look inwards’ and review all operations.

Operations will have to re-focus on health, safety & cleanliness - As tourism starts to recover, and the main stream interest gains momentum, tourists are necessarily going to be a lot more cautious about what they do and where they go. They will need to feel and see actual physical changes made, to make travel safer.

There will be the need to focus much more on cleanliness and health aspects, with regular monitoring of how the environment is cleaned, and that should be communicated clearly to guests.  This will call for more stringent ‘visible measures’ to show the effort made to keep the product and service clean. So we may see more hand sanitizers in hotels, gloves, disinfecting procedures etc.

The end result is to reassure tourists that the establishment is doing its utmost to keep them safe during their holiday
On-line, working from home will not work- In the present environment there is great enthusiasm by companies to rush to embrace on line business activities thru Zoom, MS Teams, Webinars etc. (you name it!)
Tourism and hospitality is ‘high-touch’ business. So certainly while some form of on- line business management activity can be introduced, it can never replace the
human touch.

Not only in customer service, but also in operations management, does actual physical presence become a necessity, especially in the hotel trade. After years of managing hotels, my experience is that no amount of reports, charts and video conferencing can replace the good old MBWO (Management –By-Walking- Around).  

A new start for tourism in a more responsible manner? –Tourism has been labelled as one of the industries that cause serious damage to the environment and contributes to global warming. There certainly some truth in this.

Our hotels are energy guzzlers, we seek out the most pristine of environments for tourism development and contribute a large amount  of waste and pollution in general. In the post war rush to develop and play catch up for the lost years, we have not been responsible, nor been environmentally sustainable. Copa Cabana style high rise slivers of concrete monstrosities calling themselves hotels have sprung up on our pristine beaches. We have exploited our natural assets and wild life in the name of tourism to almost a point of no return, by overcrowding and over-visitation. We have pursued quantity over quality.

Hence this is an opportune moment to wipe the slate clean and start a fresh, with proper guidelines and rules for responsible development of the tourism product offering. The best would be for all stakeholders to come together and self-regulate according to pre-determined guidelines. It will not be difficult to draw up ( say)  ten  guidelines for sustainable operations, in travel and  hotel operations, if all stakeholders would take an oath to follow them.

Like what we are seeing around the world, given time the environment will heal. And we in tourism, who depend so much on Sri Lanka’s natural beauty for our promotions, must help nurture and protect this healing process.

Communication with customers –While it would be futile to commence any promotional programmes for hotels at this juncture, it is certainly very important to communicate to guests, both past and potential. Factual and credible updates about what the situation is in Sri Lanka, good stories and video clips reminding everyone about the pristine beauty of the country will all be very useful.

Embarking on a deep dive into the available customer data base, with particular emphasis on repeat guests, during this period would important.  Different digital communications can be planned for different segments, with even some interactive webinars and virtual tours of interesting sights for select guests.

The whole emphasis should be to keep reminding potential customers that ‘we are very much alive and kicking here’, and that we will be ready to welcome them back as soon as possible. “Stay home be safe for now. When you come back, pristine  Sri Lanka will await to welcome you”

(The writer is an ex-THASL President and can be reached via srilal.mith
@gmail.com)

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
PRESIDENT GR SUCCEEDS DOING IT HIS WAY!



https://www.youtube.com/watch?v=1t8kAbUg4t4


GRID ( Global Responsive to Infectious Diseases) index has ranked Sri Lanka in top 10 countries handling CORVID-19 EFFECTIVELY! 
https://stratnewsglobal.com/sl-ranked-9th-in-global-response-to-infectious-diseases-grid-index/

No wonder RW was relaxed and enjoyed watching the movie 'Hotel mumbai'! and asking the interviewer from GRAVITAS to recommend some hindi movies, Oh what a time for jokes & humour with a glass of 'Chivas' in the hand. :D

31Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Fri Apr 17, 2020 4:42 am

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
You can use the YouTube Icon in the reply menu to display YouTube video's instead of the link. I have done that to your post. Have a good day. Cheers!

32Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Fri Apr 17, 2020 4:50 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit wrote:You can use the YouTube Icon in the reply menu to display YouTube video's instead of the link. I have done that to your post. Have a good day. Cheers!
Thank you. Cheers!

33Sri Lanka Tourism - Page 2 Empty Re: Sri Lanka Tourism on Tue Apr 21, 2020 4:23 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Central Bank's decision to increase foreign currency deposit rates should attract $ inflow in the backdrop of successful control of the corona virus spread in the country in comparison to other nations.

35Sri Lanka Tourism - Page 2 Empty All National park open srilanka on Tue Jul 07, 2020 3:07 am

Imperial


Stock Trader
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