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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Hotels and Hydropower

Hotels and Hydropower

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1Hotels and Hydropower Empty Hotels and Hydropower Tue Feb 01, 2011 7:14 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics
It seems every listed stock is trying to build hotels or hydropower or both. Or at least paying a journalist to publish an article saying they are trying to do it. :-)

2Hotels and Hydropower Empty Re: Hotels and Hydropower Tue Feb 01, 2011 7:19 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
i also saw several announcements on this but most of them are only on papers and waiting to see who are going to really implement what they have spell out already.

If they did as they spell out then in the future we can believe the announcements made by the company are in fact going to be implemented and we can invest on it

3Hotels and Hydropower Empty Re: Hotels and Hydropower Tue Feb 01, 2011 7:31 pm

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
both sectors looks good in mid-long term prospect.

4Hotels and Hydropower Empty Re: Hotels and Hydropower Tue Feb 01, 2011 7:57 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@wis wrote:It seems every listed stock is trying to build hotels or hydropower or both. Or at least paying a journalist to publish an article saying they are trying to do it. :-)

If all those hotels end up being built, we will need at least 150% increase in arrivals to fill them up.

5Hotels and Hydropower Empty Re: Hotels and Hydropower Tue Feb 01, 2011 9:50 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic
Insurance Corporation is also planning a Hotel in Hambantota.
East west properties is talking about acquiring land in southern coastal belt.
BOC is building or going to build hotel in Jaffna.
Apart from this Kalpitiya project, Galle Face front, Vallibel One in Negombo, Softlogic buliding one in Duplication road, Sierra talking about a hotel and so many refurbishments of old hotels with additional beds.
Will this be enough to accomadate all the tourists to this country or other companies also have to build hotels ???
lol!

6Hotels and Hydropower Empty Re: Hotels and Hydropower Tue Feb 01, 2011 9:57 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic
I forgot to say about the Home Stay Concept ?!?!
Anyhow is the government can achieve the targeted tourist influx would be good for the whole economy. Hope they can achieve this.
But some companies are misusing this growth strategy in order to fool the investors. That is one thing i really don t like about. Exaggerated strategies for growth i guess !

7Hotels and Hydropower Empty Re: Hotels and Hydropower Wed Feb 02, 2011 12:01 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
There is always a risk with any investment; but if we don't take a few risks now, when will we take them? The statistics where tourism and property are concerned are compelling. In the city of Colombo, there are only 3,000 rooms and one could say that perhaps only 2,000 are 2-star or better. In comparison, Phnom Penh has 8,000 rooms, Kuala Lumpur 30,000 and bangkok 60,000 rooms. Tourist arrivals to Sri Lanka have been flat in recent years, at about 500,000 annually. Combodia has seen a tenfold growth in 10 years - to some 2.5 million arrivals - while countries like Malaysia and Thiland have close to 20 million visitors each year.

India alone sees 8 million people travelling oversees annually and that number is growing rapidly - so if a fraction of this visit Sri Lanka, like the Chinese flooding into neighbouring countries, the impact on our nation will be substantial. Against this backdrop, if we don't take risks now, we never will!

However, while the potential is there, we need more than just rooms. A competitive product will need to have everything that a tourist destination must offer in this day and age - entertainment, shopping, restaurants .... the total experience, in fact. THE QUALITY OF OUR PRODUCT MUST BE BENCHMARKED TO GLOBAL STANDARDS. By Mr. Ajit Gunewardene in January 2011 LMD Page 124

8Hotels and Hydropower Empty Re: Hotels and Hydropower Wed Feb 02, 2011 6:50 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:There is always a risk with any investment; but if we don't take a few risks now, when will we take them? The statistics where tourism and property are concerned are compelling. In the city of Colombo, there are only 3,000 rooms and one could say that perhaps only 2,000 are 2-star or better.

But the questions worth asking are what is the occupancy rate? How much time do tourists actually spend in Colombo?

9Hotels and Hydropower Empty Re: Hotels and Hydropower Mon Jun 10, 2013 3:28 am

hermespan


Stock Trader
"How much time do tourists actually spend in Colombo?"

The above is a very pertinent question.

I live in Cambodia. Another poster mentioned how there are 8000 rooms in Phnom Penh. A more useful figure might be how many rooms there are in Siem Reap, which is where most tourists actually go. The capital city of PNH is a gateway, and in many cases tourists fly direct to Siem Reap to see Angkor Wat temple ruins direct from Bangkok or Hong Kong, bypassing the capital city. If and when this is the case in Sri Lanka, investors might be 'crying in their beer' that they developed Colombo instead of tourist destinations.

I expect that Colombo will be like Phnom Penh - fewer choices in the capital for food and accommodation but better value than the tourist hot spot. I was just on a business trip to Siem Reap and spend most of my time in Phnom Penh. The capital is cheaper.

At present I can get a room in a four star hotel in Phnom Penh for $75. I will be curious to see how Colombo competes when I visit next year. I know that one reason I have avoided visiting Sri Lanka had nothing to do with conflict in Jaffna, but rather that the socialist government of Sri Lanka encouraged (?) a two-tier* pricing system for rooms, as in Myanmar, where foreigners pay a much higher price for accommodation. This has changed, yes?

* Actually, a THREE-tier pricing system in Myanmar at state-owned hotels. Locals, Chinese and other. Prices are posted. I hope Sri Lanka no longer has a discriminatory pricing policy that offends westerners egalitarian sensibilities and that it lets the market not the legislature decide growth trends.

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