Lanka to become prime MICE destination
A surge in foreign investment and trade missions to Sri Lanka is
expected to grow the destination's business travel segment, as well as
its ability to host large-scale business events.
Speaking to TTG Asia e-Daily on the sidelines of a Sri Lanka Business
Association investment seminar, Duminda Ariyasinghe, Executive Director
(Investment Promotion), Board of Investment of Sri Lanka, said:
"Increased trade missions to Sri Lanka will benefit tourism arrivals,
while property investments will boost the country's infrastructure.
Singapore's arrivals in Sri Lanka are growing (up 34.3 percent between
2010 and 2011), and trade missions and business trips are playing a
part."
"Then, there is Shangri-La Hotels and Resorts, which will open two
hotels in Sri Lanka," he added.
The Hong Kong-based hotel chain will open the 661-key Shangri-La
Hotel, Colombo in mid-2015. Its second property in Sri Lanka, the
315-key Shangri-La's Hambantota Resort and Spa, will open in 2014, and
will be surrounded by an 18-hole golf course.
Other upcoming foreign investments include an US$800 million resort
development in Katana by South Africa's Sun City; the US$250 million
Havelock City luxury residential, commercial and lifestyle project in
Colombo, backed by Singaporean S.P. Tao who was also behind the
capital's World Trade Centre; and a US$115 million mixed-use development
by Singapore's Mustafa Shopping Centre.
According to Ariyasinghe, the Sri Lankan Government is also planning
to establish a waterfront development in Colombo comprising a convention
centre as well as commercial and entertainment outlets, although no
timeline has been set as yet.
Hiran Cooray, Chairman, Jetwing Hotels, said Sri Lanka was "poised to
(become) a premium MICE destination". "We may not build something like
Resorts World Sentosa right away; maybe within the next five years," he
added.
Meanwhile, Jetwing Hotels is busy expanding its property network to
cater to the increasing number of Asian visitors to Sri Lanka.
The group has overhauled and repositioned the Blue Lagoon in Negombo
from a two-star resort into the luxurious Jetwing Lagoon, complete with
meeting facilities including a grand ballroom for 800-pax
(theatre-style).
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