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Thailand's Centara And Minor Lead Lanka Charge

Category: Hotels, Posted:18 Jun 2012 | 08:50 am

Centara Hotels & Resorts will open two properties in the emerging tourism destination of Sri Lanka. The 126-room Centara Passikudah Resort and 166-room Centara Ceysands Resort in popular Bentota will both open this year.
While another Thai hospitality group Minor in a joint venture with Sri Lankan firm Serendib Leisure have the 105-room Avani Kalutra and 138-room Anantara Kalutara in the pipeline.
In other news in the break-up of the Six Senses chain, founder Sonu Shivdasani is concentrating on expanding the spun off Soneva brand. A 71-villa luxury resort with private beachfront residences is underway in Ahungalla with Aitken Spence Hotels. Plans call for a 2014 debut.
Meanwhile according to local media source the Daily Mirror two Shangri-La projects located in Colombo and Hambantota are working to a 2015 completion. As another international chain Moevenpick will start taking guests in Colombo next year, as well a 306 room Sheraton.
News here on the ground is seeing China continue to make major inroad in direct foreign investment (FDI). National flag carrier SriLankan Airlines are set to double up airlift to the mainland with service to Beijing, Shanghai, Guangzhou and Hong Kong.

Other News

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New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
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Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
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Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
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