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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Laugfs Gas acquires a firm with a beach property to expand its leisure business

Laugfs Gas acquires a firm with a beach property to expand its leisure business

Go down  Message [Page 1 of 1]

market bull

market bull
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka’s listed Laugfs Gas PLC has acquired Mag Consultants and Agents Private Limited and its assets including 15 acres of prime sea front beach property at Waskaduwa, for a sum of Rs. 500 million. The Company says the 100% acquisition done through its subsidiary Laugfs Leisure Limited will be used to expand the company’s leisure sector.

econ

econ
Global Moderator
another hotel expansion .lol. too many hotels but little tourists..

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@econ wrote:another hotel expansion .lol. too many hotels but little tourists..

I too am wondering whether we are going overboard ( extreme) with tourism and hotel rooms. There is a massive overhead costs for these . How long will it take them to build and then realize profits and pay back the loans if any? And that too will much competition coming in now. It is good to find how many new hotel rooms are coming up , overall in the country and what areas. Even if Tourists double ( 2 million) within 2-3 years , they are all not going to stay at 4-5 star hotels.

RIO

RIO
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@econ wrote:another hotel expansion .lol. too many hotels but little tourists..

Good move we Sri Lankns need more & more Hotels, Coz the competition will bring down the Rates of each other....Will you believe me...for the past 30 years these hoteliers begged Local & Offered wonderful & reasonable packages etc etc... last year when I contacted few hotels...the Bloody F...s refused to accommodate Locals & were highly optimistic for foreigners..finally got one hard try worked...but what..those F...s billed us the same as Foreigners...... Twisted Evil

Therefore, as Locals we should expect more Hotels coming up...so the managements will have to serve the locals too to cover up their cost and make profits...until that day ..our fellas will never remember the past & pay gratitude to locals who helped them during the hard times... Twisted Evil

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@econ wrote:another hotel expansion .lol. too many hotels but little tourists..

I too am wondering whether we are going overboard ( extreme) with tourism and hotel rooms. There is a massive overhead costs for these . How long will it take them to build and then realize profits and pay back the loans if any? And that too will much competition coming in now. It is good to find how many new hotel rooms are coming up , overall in the country and what areas. Even if Tourists double ( 2 million) within 2-3 years , they are all not going to stay at 4-5 star hotels.

I was in Sri Lanka last December and quite amased to see how much these hotels charge from foreigners. Ok there are many wealthy tourists but some hotels demand unrealistic prices for their rooms and facilities. I wonder how a middle class sudda couple can afford a two weeks holiday in sri lanka. Rolling Eyes

I heard that all the 5 star hotels are operating around 60 70% capacity. Since government introduced compulsory 5 star room rates, these hotels are getting less attractive.

In a country like Thaliland or Malaysia you can get a bloody good 4-5 room for the same amount as some two star hotels in Sri Lanka. Even in Euorpe hotel prices are also not too bad ( I meant 3-4 star hotels)

6Laugfs Gas acquires a firm with a beach property to expand its leisure business Empty Tourism Numbers Games Sun Feb 19, 2012 12:36 am

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
By Prema Cooray
While tourism numbers are impressive, several of those registered as tourists are in fact from the Sri Lanka diaspora who stay in apartments and not necessarily in hotels, an industry person told this reporter.

Hotelier Prema Cooray said that with the tourism boom after the war end, there is a danger that hotels may overprice themselves. “The industry was warned about it by the tour operators and it’s happening, especially as far as the Nordic market is concerned,” he said.

“As such we are losing them to cheaper destinations closer to their region,” said Cooray. He said that in package tours 60% of the cost comprises the air ticket. “So when our hotels become expensive, those visitors change course and instead go to areas closer home for a holiday, saving on their airfare,” he said.
Cooray said that the smaller hotels along the coastal belt, in areas such as Hikkaduwa and Negombo have been affected as a result.

However that may be, Cooray was instrumental in getting several blue chip companies such as John Keells and Hemas to invest in an environmentally friendly upmarket tourist hotel in the Sinharaja rain forest in a US$ ($) 3.5 million investment, where the charges are $ 200 for half board and lodging per night. With a number of the lodges already completed, Sinharaja Rainforest Eco Lodge is expected to be fully running by April.
http://www.thesundayleader.lk/2012/02/19/tourism-numbers-games/

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UKboy wrote:
@slstock wrote:
@econ wrote:another hotel expansion .lol. too many hotels but little tourists..

I too am wondering whether we are going overboard ( extreme) with tourism and hotel rooms. There is a massive overhead costs for these . How long will it take them to build and then realize profits and pay back the loans if any? And that too will much competition coming in now. It is good to find how many new hotel rooms are coming up , overall in the country and what areas. Even if Tourists double ( 2 million) within 2-3 years , they are all not going to stay at 4-5 star hotels.

I was in Sri Lanka last December and quite amased to see how much these hotels charge from foreigners. Ok there are many wealthy tourists but some hotels demand unrealistic prices for their rooms and facilities. I wonder how a middle class sudda couple can afford a two weeks holiday in sri lanka. Rolling Eyes

I heard that all the 5 star hotels are operating around 60 70% capacity. Since government introduced compulsory 5 star room rates, these hotels are getting less attractive.

In a country like Thaliland or Malaysia you can get a bloody good 4-5 room for the same amount as some two star hotels in Sri Lanka. Even in Euorpe hotel prices are also not too bad ( I meant 3-4 star hotels)

I saw a Sri Lanka tour 7 day holiday package in a local holiday company. Their price tag was 800£. I saw this few months back now it would be more as foreigners have to pay the visa fee also. At the same place they advertise for Turkey, Spain, Cyprus for under 200£. If we consider a family with 2 kids the package will come up to over 3000£. This is a very very high amount. The price is the biggest deal breaker.

Sponsored content


Back to top  Message [Page 1 of 1]

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