HOTEL AND TRAVEL SECTOR

sisira.wijeweera · 76 Re: HOTEL AND TRAVEL SECTOR Wed Jun 07, 2017 1:09 pm

sisira.wijeweera

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saliya1000 wrote:ganna hoda monawada

Code:

buy Gran 68.5. sell 110 after 3 month

EquityChamp · 77 Re: HOTEL AND TRAVEL SECTOR Thu Jun 08, 2017 8:51 am

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nimantha80 wrote:Matter of time.
GSP shares ran.Then plantations now penny shares and next?Easy answer.
You can name your picks.

The hotel sector performance below expectation nimantha. But I saw very good results from Land & Property sector. The sector index has been ticking slowly as well. So as an industry what is in line is Land and Property

ruwan326 · 78 Hotels and Travels Sector Tue Jan 01, 2019 8:53 pm

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Hotels Association poised to make major economic contribution
2019-01-01

The hotel industry remains the only industry in the country which has the potential to turn around the sluggish economy. We eagerly look forward to the opportunity of partnering with the government in taking Sri Lanka’s economy to new levels, with proper incentives and conditions in place similar to those in other countries in the region, The Hotels Association of Sri Lanka (THASL), said in a year-end statement yesterday.

HOTEL AND TRAVEL SECTOR - Page 4 Image_1546324403-264718677c

HOTEL AND TRAVEL SECTOR - Page 4 Image_1546324403-264718677c

“We further request the government to pursue both legal and policy reforms that will recognize tourism as an export industry and establish the necessary framework for a vibrant, diverse and successful tourism industry in Sri Lanka,” THASL President Sanath Ukwatte said.

THASL requests the government, once again, to treat the industry fairly. “Excessive and arbitrary taxation has made it very difficult for our member hotels to compete with other regional countries. Sri Lanka’s hotels pay 22 percent tax on the total revenue (not profit) in addition to corporate income tax (on profit).

This includes taxes such as Value Added Tax (VAT), Nation Building Tax (NBT), Tourism Development Levy (TDL) and Economic Service Charge (ESC). This multiple taxation on both revenue and profit creates an environment that is unfavorable for Sri Lanka’s hotels and thereby makes our tourism offering uncompetitive in comparison to our neighbours. This is our strongest disincentive in developing the tourism industry.”

“In addition to the existing revenue-based tax burden, the tourism industry is also faced with municipalities and local governments threatening to charge an additional 1percent tax on total revenue. We believe this tax is entirely unrealistic, discriminatory and arbitrary as it only targets the hotel industry. Hotels already pay annual municipal and local government rates to cover municipal and local government services. We request the Government to abolish all such arbitrary taxes and adopt a simplified and fair tax policy similar to that applicable in other countries in the region. This is an urgent priority,” Ukwatte added.

“We would like to see the government taking some meaningful steps in the New Year to relieve us of uncompetitive tax burdens and encourage the sector to enhance and grow. We are hopeful that the budget for 2019 will accommodate our requests, in order to realize and strengthen the inherent potential of the industry.”

THASL, which has a member base of over 250 hotels, said Sri Lanka is now steadily on the path to recovery, following a series of internal issues that rocked the industry.

http://www.dailymirror.lk/article/Hotels-Association-poised-to-make-major-economic-contribution-160509.html

easthetic · 79 Re: HOTEL AND TRAVEL SECTOR Wed Jan 02, 2019 7:51 am

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Higher taxes also leads businessmen to find ways to circumvent the tax payments as well.

ruwan326 · 80 Re: HOTEL AND TRAVEL SECTOR Tue Jan 08, 2019 8:14 pm

Jan 07, 2019

ranferdi · 81 Hotel Sector Thu Jan 17, 2019 9:51 am

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Hotel sector will have a good year 2019 as Lonely planet named sri lanka as best travel destination for year 2019. I can see some collection happening right now.

Yahapalanaya · 82 HOTEL INDUSTRY Mon Apr 22, 2019 10:23 pm

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Hotel idustry is going to affect due to current situation.Already Kingsbury and Cinnaman garden hotel damaged.Tourists are leaving and others cancel booking.Let's hope better outcome.

Now blood thirsty MARA gangs happy.

soileconomy · 83 Re: HOTEL AND TRAVEL SECTOR Wed Apr 24, 2019 5:04 am

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Not Hotel industry every industry is affected.
Whole country is in a utter mess

Yahapalanaya · 84 Re: HOTEL AND TRAVEL SECTOR Wed Apr 24, 2019 5:11 am

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soileconomy wrote:Not Hotel industry every industry is affected.
Whole country is in a utter mess

You and your people are happy now!!!

soileconomy · 85 Re: HOTEL AND TRAVEL SECTOR Wed Apr 24, 2019 5:44 am

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Yahapalanaya wrote:

soileconomy wrote:Not Hotel industry every industry is affected.
Whole country is in a utter mess

You and your people are happy now!!!

I am not in your mentality.

Rare · 86 Re: HOTEL AND TRAVEL SECTOR Thu Oct 24, 2019 12:05 pm

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Taj & Serv caught my eye; bought below 11.50.

Winner123 · 87 Re: HOTEL AND TRAVEL SECTOR Thu Oct 24, 2019 12:47 pm

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Hotel sector warming up

Rare · 88 Re: HOTEL AND TRAVEL SECTOR Thu Oct 24, 2019 1:16 pm

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Yes dear winner.

glad · 89 Re: HOTEL AND TRAVEL SECTOR Thu Oct 24, 2019 5:46 pm

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Winner123 wrote:Hotel sector warming up

Any reason why? Any new tax incentives to hotel industry?

abey · 90 cargo boat Thu Oct 24, 2019 7:12 pm

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silent buying Laughing

abey · 91 Re: HOTEL AND TRAVEL SECTOR Thu Oct 24, 2019 7:23 pm

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royal parm beach hotel reach rs 20-22 short term (low selling presure)yoyr attension

God Father · 92 Re: HOTEL AND TRAVEL SECTOR Fri Oct 25, 2019 9:37 am

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Hotels and travel sector will take at least 4 financial quarters to recover pre April levels. By that time all hotels will be over valued.

Rare · 93 Re: HOTEL AND TRAVEL SECTOR Fri Oct 25, 2019 10:07 am

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abey wrote:royal parm beach hotel reach rs 20-22 short term (low selling presure)yoyr attension

Book Value: 48

Arrowrisk · 94 Re: HOTEL AND TRAVEL SECTOR Fri Oct 25, 2019 10:59 am

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abey wrote:silent buying

It may reach Rs.30 prior to election...

Quibit · 95 Tourist arrivals dip 9.5% in November Thu Dec 05, 2019 12:56 pm

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Cumulative 11-month figure down 19.6% to 1.7 m
Analysts say SL unlikely to meet most recently revised 1.9 m arrival target for 2019
SLTDA releases limited data; International Relations and Research team on study tour

Cumulative 11-month figure down 19.6% to 1.7 m

Analysts say SL unlikely to meet most recently revised 1.9 m arrival target for 2019

SLTDA releases limited data; International Relations and Research team on study tour

By Charumini de Silva

Tourist arrivals in November were down 9.5% and in the first 11 months by 19.6% from a year earlier, confirming a continuing downturn following the Easter Sunday terror attacks.

According to limited data released by the Sri Lanka Tourism Development Authority (SLTDA) yesterday, November arrivals were 176,984 as against 195,582 a year earlier.

The cumulative 11 months haul was almost 1.7 million compared to 2.08 million in the corresponding period of 2018.

Earlier the SLTDA revised the annual projection to 1.9 million from the previous forecast of 2.1 million under the previous regime, but considering the data analysts said that Sri Lanka t will not be able to even reach its most recently revised target for this year.

Tourist...

Interestingly this time, the SLTDA has released November data sans its usual comprehensive report with the breakdown of figures and markets on its website, as the team in-charge of compiling the monthly report has gone on a study tour to Australia, the Daily FT learns.

Following the Easter attacks, tourist arrivals slumped by 70.8% to a record low of 37,802 in May. The change in arrivals between 2018 and 2019 was 57% in June, 46.9% in July, 28.3 % in August, 27.2% in September, 22.5% in October and 9.5% in November.

Though chasing growth, officials took comfort from the fact that the pace of decline was waning. However, the industry has been critical over the delay in the launch of an aggressive public relations and marketing campaign in the aftermath of the Easter Sunday attacks.

In April, soon after the Easter Sunday attacks, tourism officials estimated a $ 1.5 billion revenue loss this year, while projecting a 30% drop in arrivals.

Sri Lanka originally planned for 2.5 million tourist arrivals, but post-Easter Sunday terror attacks, the SLTDA revised the target in August, stating that it hoped to get around 2 to 2.1 million tourists compared to the 2.3 million visitors recorded in 2018, representing a 10% decline in arrivals.

According to limited data released by the Sri Lanka Tourism Development Authority (SLTDA) yesterday, November arrivals were 176,984 as against 195,582 a year earlier.

The cumulative 11 months haul was almost 1.7 million compared to 2.08 million in the corresponding period of 2018.

Earlier the SLTDA revised the annual projection to 1.9 million from the previous forecast of 2.1 million under the previous regime, but considering the data analysts said that Sri Lanka t will not be able to even reach its most recently revised target for this year.

Tourist...

Interestingly this time, the SLTDA has released November data sans its usual comprehensive report with the breakdown of figures and markets on its website, as the team in-charge of compiling the monthly report has gone on a study tour to Australia, the Daily FT learns.

Following the Easter attacks, tourist arrivals slumped by 70.8% to a record low of 37,802 in May. The change in arrivals between 2018 and 2019 was 57% in June, 46.9% in July, 28.3 % in August, 27.2% in September, 22.5% in October and 9.5% in November.

Though chasing growth, officials took comfort from the fact that the pace of decline was waning. However, the industry has been critical over the delay in the launch of an aggressive public relations and marketing campaign in the aftermath of the Easter Sunday attacks.

In April, soon after the Easter Sunday attacks, tourism officials estimated a $ 1.5 billion revenue loss this year, while projecting a 30% drop in arrivals.

Sri Lanka originally planned for 2.5 million tourist arrivals, but post-Easter Sunday terror attacks, the SLTDA revised the target in August, stating that it hoped to get around 2 to 2.1 million tourists compared to the 2.3 million visitors recorded in 2018, representing a 10% decline in arrivals.

ResearchMan · 96 Re: HOTEL AND TRAVEL SECTOR Thu Dec 05, 2019 2:26 pm

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9.5% in November(single digit & good recovery).

Teller · 97 Re: HOTEL AND TRAVEL SECTOR Thu Dec 05, 2019 4:36 pm

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Dont touch Anilana. The number one manipulators

bhanu · 98 Re: HOTEL AND TRAVEL SECTOR Sun Dec 29, 2019 6:40 pm

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Ahun.n0000 looking good.. they have better business currently comparing to other. They will make a profit in upcoming report

Teller · 99 Re: HOTEL AND TRAVEL SECTOR Sun Dec 29, 2019 9:40 pm

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Anila is no 1 manipulated share. People loss millions on Anilana IPO

fireshelter · **100** Re: HOTEL AND TRAVEL SECTOR Mon Dec 30, 2019 1:39 am

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Then Teller What you predict now as good at this point

ResearchMan · **101** Re: HOTEL AND TRAVEL SECTOR Sat Jan 04, 2020 6:08 am

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Tourists Arrivals
December 2018:253,169
December 2019:241,663

Teller · **102** Re: HOTEL AND TRAVEL SECTOR Sat Jan 04, 2020 9:37 am

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There is a big difference 2019 vs 2018 ernings. As per 2019 revenue genarations based on ARR and occupancy , its look like star class hotels suffers a lot. Touching shares are in hotel related is a risk. Remember arrivals and occupancy ,2 different scenario. If want to know more contact me personally

ThilinaM · **103** Re: HOTEL AND TRAVEL SECTOR Mon Jan 06, 2020 2:48 pm

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how to contact you personally

bhanu · **104** Re: HOTEL AND TRAVEL SECTOR Sat Mar 14, 2020 2:29 pm

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Huge loses are expected for this year. Most shares will hit all time low

Junior investor · **105** Re: HOTEL AND TRAVEL SECTOR Sat Mar 14, 2020 2:43 pm

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I bought keels hotels, ahungalla, jetwing yesterday and will buy more in future. can you believe that ahungalla at Rs 15?

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HOTEL AND TRAVEL SECTOR

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