HOTEL AND TRAVEL SECTOR

ErangaDS · **251** Re: HOTEL AND TRAVEL SECTOR Sat Jan 06, 2024 2:15 pm

ErangaDS

Senior Manager - Equity Analytics

Posts : 375
Join date : 2020-05-18

ErangaDS wrote:200000 - December highest monthly arrival in the past four years
8794 - Last 7 days average arrivals

SLTDA forecasts record tourist arrivals in 2024

The Sri Lanka Tourism Development Authority (SLTDA) expects tourist arrivals to exceed 2.3 million in 2024, generating a minimum revenue of $ 4.6 billion.
2024 were expected to exceed the previous all-time high of 2.3 million recorded in 2018.
https://www.themorning.lk/articles/HjH7dlSo9106Sg35okLA

Top Picks 2024

#JETS - Jetwing Symphony has a portfolio of 7 hotels with 325 rooms in 6 tourist hotspots.

#KHC - Kandy hotels has portfolio of 9 hotels with 516 hotel rooms in 7 tourist hotspots in Sri Lanka.

ECONOMYNEXT – Sri Lanka’s 2023 tourism revenues jumped over 80 percent to $2.1 billion from $1.1 billion in the previous year, official data show.
The revenues more than doubled to $269.3 million in December 2023 from a year earlier from $127.3 million as the arrivals have gradually picked up after protest-led political crisis in 2022,

https://economynext.com/sri-lankas-2023-tourism-revenue-jumps-to-2-1-bln-from-previous-years-1-1-bln-146253/

ErangaDS · **252** Re: HOTEL AND TRAVEL SECTOR Sun Jan 07, 2024 9:53 pm

ErangaDS

Senior Manager - Equity Analytics

Posts : 375
Join date : 2020-05-18

HABIBI come to Sri Lanka

Indian celebrities join calls to boycott Maldives’ tourism over anti-India barbs

Indian tourists were the highest among visitors to the Maldives till December 2023, data from the country’s tourism ministry showed. According to the Maldives tourism ministry, a total of 17, 57,939 tourists arrived in the island nation till December 13, an increase of 12.6 per cent compared to the 1.5 million arrivals recorded in 2022.

The largest number of tourists who visited the Maldives were from India (2,09,198), followed by Russia (2,09,146) and China (1,87,118).

25,619 tourists arrive in #SriLanka during the first 4 days of January 2024 -SLTDA data

ErangaDS · **253** Re: HOTEL AND TRAVEL SECTOR Tue Jan 09, 2024 7:47 am

ErangaDS

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Join date : 2020-05-18

The Hotels Association of Sri Lanka (THASL) President M. Shanthikumar yesterday hailed the strong rebound in tourism in 2023.

Extends appreciation to Minister Harin Fernando, SLTDA and SLTPB heads for their support
Points to record arrivals of over 200,000 in December and earnings to jump by 111% to $ 269.3 m as clear indication Minimum Room Rate in the City of Colombo has had no negative impact despite doomsayers
Insists MRR indeed helped to up the game and hotels to perform better
Expresses confidence over target of 2.3 m tourists and $ 4 b revenue in 2024
Hoteliers to carry out aggressive digital promotional in key source markets to realise higher performance

https://www.ft.lk/front-page/Hotels-Association-of-Sri-Lanka-hails-growth-in-tourist-arrivals/44-757207

SL to lure 1mn Chinese tourists under ‘Ni Hao Zhong Guo’ programme

Efforts underway to reach 1mn Chinese tourist arrivals in 2025
SLTDA shares a road map has been established for this purpose
SLTDA officials to visit China in coming days to firm up plans for programme
Key activities include RMB-based tourism activities, SL-Maldives itinerary and making accommodations/sites Chinese-friendly

https://www.dailymirror.lk/breaking-news/SL-to-lure-1mn-Chinese-tourists-under-Ni-Hao-Zhong-Guo-programme/108-274708

K.R · **254** Re: HOTEL AND TRAVEL SECTOR Thu Jan 11, 2024 7:53 am

K.R

Manager - Equity Analytics

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Join date : 2021-10-26

Top hotel chains will drive the sector
CSE : KHL AHUN JETS KHC

SL tourism to reach pre-pandemic levels in 2024

According to SLTDA, Sri Lanka is prepared for the expected surge in tourist arrivals since in the formal sector alone, the country has over 53,000 rooms.

The SLTDA expects tourist arrivals to exceed 2.3 million in 2024, generating a minimum revenue of $ 4.6 billion.

_TheMorning_

ResearchMan · **255** Re: HOTEL AND TRAVEL SECTOR Thu Jan 11, 2024 12:12 pm

ResearchMan

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Tourist traffic is rising but tourism stocks are falling.

buddikasmart · **256** Tourist arrival 2024 Tue Jan 16, 2024 8:02 pm

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JETS - HOTEL AND TRAVEL SECTOR - Page 11 Screen14

sureshot · **257** Re: HOTEL AND TRAVEL SECTOR Thu Jan 18, 2024 10:16 pm

I am expecting GALADARI to move above 20/= +

K.R · **258** Re: HOTEL AND TRAVEL SECTOR Tue Feb 06, 2024 9:32 am

K.R

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Top hotel chains will drive the sector
CSE : KHL AHUN JETS KHC

As per a report, following a diplomatic dispute between India and the Maldives, it seems that a significant number of Indian tourists are now choosing Sri Lanka as their preferred destination.
In January 2024, Sri Lanka experienced a surge in tourist arrivals, surpassing the Maldives.
It also anticipates a further boost in tourist arrivals from India, Russia and Europe till the end of the winter season or the end of next month with more charter flight services and international airlines expanding their frequencies.

JETS - HOTEL AND TRAVEL SECTOR - Page 11 Img_2619

JETS - HOTEL AND TRAVEL SECTOR - Page 11 Img_2620

ErangaDS · **259** Re: HOTEL AND TRAVEL SECTOR Sat Feb 10, 2024 12:34 pm

ErangaDS

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Incredible

Tourism sector will be unstoppable here on

JETS - HOTEL AND TRAVEL SECTOR - Page 11 Img_2618

Top Picks 2024

#JETS - Jetwing Symphony has a portfolio of 7 hotels with 325 rooms in 6 tourist hotspots.

#KHC - Kandy hotels has portfolio of 9 hotels with 516 hotel rooms in 7 tourist hotspots in Sri Lanka.

K.R · **260** Re: HOTEL AND TRAVEL SECTOR Tue Feb 13, 2024 7:44 am

K.R

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Harin says Indian companies likely to acquire major hotel chains in Sri Lanka

Says sale is likely to be secured by an Indian firm, reflecting growing interest of Indian investors in Sri Lanka

Reveals two Indian companies among shortlisted contenders for Grand Hyatt

Claims application for an exclusive Ritz Carlton Hotel in Arugambay and upcoming opening of an Intercontinental Hotel

Emphasises importance of increasing presence of top international hotel brands in Sri Lanka

https://www.ft.lk/front-page/Harin-says-Indian-companies-likely-to-acquire-major-hotel-chains-in-Sri-Lanka/44-758427

Top hotel chains will drive the sector
CSE : KHL AHUN JETS KHC JETS - HOTEL AND TRAVEL SECTOR - Page 11 1f4cd.png?v=2.2

ErangaDS · **261** Re: HOTEL AND TRAVEL SECTOR Sat Feb 17, 2024 9:57 pm

ErangaDS

Senior Manager - Equity Analytics

Posts : 375
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ErangaDS wrote:Incredible
Tourism sector will be unstoppable here on

Top Picks 2024

#JETS - Jetwing Symphony has a portfolio of 7 hotels with 325 rooms in 6 tourist hotspots.

#KHC - Kandy hotels has portfolio of 9 hotels with 516 hotel rooms in 7 tourist hotspots in Sri Lanka.

JETS - HOTEL AND TRAVEL SECTOR - Page 11 Img_0610

ErangaDS · **262** Re: HOTEL AND TRAVEL SECTOR Wed Mar 20, 2024 7:22 am

ErangaDS

Senior Manager - Equity Analytics

Posts : 375
Equity Stars : 1868
Reputation : 8
Join date : 2020-05-18
Age : 33

Hoteliers hail robust earnings by rebounding tourism sector

First 2 months of 2024 rakes in $ 687.5m or 35% of full year earnings of 2023
Industry hopeful of netting yet another 200,000 arrivals in March a reoccuring feature since December
City hoteliers point to growing Indian tourist arrivals despite initial concerns over MRR imposition

https://www.ft.lk/front-page/Hoteliers-hail-robust-earnings-by-rebounding-tourism-sector/44-759713