Posts Tagged ‘Hotels’

Aitken Spence ups bottom line by 12% to Rs. 3.7 b in FY14

90 Blue chip conglomerate Aitken Spence PLC yesterday reported profit attributable to shareholders of Rs. 3.7 billion in Financial Year 2013/14, an increase of 11.7% over the previous year’s profit of Rs. 3.3 billion. Profit before tax was Rs. 5.4 billion and profit after tax was Rs. 4.5, recording growth of 7.6% and 5.5% respectively. The diversified Group’s annual revenue declined marginally to Rs. 36.6 billion whilst earnings per share improved by 11.7% to Rs. 9.04 for the financial year. In a statement Aitken Spence said the Group’s bottom line was driven primarily by the Tourism sector. Sri Lanka welcomed over 1.27 million tourists during the year 2013, with a target of 1.5 million set for 2014.The boom in the tourism industry was reflected in the Group’s performance with the revenue of the Tourism sector for the financial year growing by 9.4 % to Rs. 16.9 billion and profit before tax surging by 26.3 % to Rs. 4.4 billion.

During the period, Aitken Spence Hotel Holdings PLC, the Group’s hotel owning strategic business unit, entered into a shareholders’ agreement with RIU Hotels of Spain to build a 500-room luxury resort in Ahungalla, costing approximately $ 100 million. The construction of the hotel is expected to commence during the second half of the financial year 2014/15.
Annual revenue for the Maritime Cargo Logistics sector increased 15.3% to Rs. 7.3 billion whilst profits before tax for the sector increased by 26% to Rs. 709 million. Entry into a strategic partnership in Fiji for port management services through the acquisition of a 51% shareholding in Ports Terminal Ltd. – the first- ever public-private partnership overseas by a Sri Lankan company recorded to date, was a highlight for the year.

Services sector reported revenue of Rs. 819.6 million for the financial year under consideration which was a growth of 11.5 %, and a profit before tax of Rs. 180.5 million, a growth of 10.2% compared to the previous year. The Strategic Investments sector reported a year-on-year decrease of 16.1% in revenue to Rs. 15.3 billion, while profit before tax dropped by 81.1% to Rs. 159.8  million for the financial year primarily due to the Aitken Spence power plants in Matara and Horana not being operational during the reporting period consequent to the cessation of the power purchase agreements. Further, a provision for impairment of approximately Rs. 400 million was made in respect of the remaining assets of these two companies, which dragged down the profits of the sector. The company disposed of the Horana power plant during the financial year, while the 100 MW power plants at Embilipitiya remained operational, albeit with lower generation due to excessive rainfall during the first nine months of the financial year.

During the period under review the Group inaugurated a landmark project by investing in a luxury retirement homes complex that will comprise 140 villas and associated high-end facilities located at a 30-acre site in Negombo. The project aims to attract Sri Lankans living overseas who wish to return to their homeland as well as foreign nationals who wish to retire and live in Sri Lanka.

“The company has been able to deliver consistent results through a combination of strategic foresight and the capacity to transform challenges into opportunities. These qualities have been underpinned by a well-diversified business model that supports the company’s growth trajectory,” said Chairman Deshamanya D.H.S. Jayawardena. “Our strategies for the long term and exploration of potential new areas of business factor in the company’s responses to some of the key future trends,” he added. The Group announced a dividend of Rs. 2 per share which is a 33% increase over the previous year subject to approval by the shareholders at the Annual General Meeting. Aitken Spence PLC is among Sri Lanka’s leading and most respected corporate entities with operations in South Asia, the Middle East, Africa and South Pacific.
It is an industry leader in hotels, travel, maritime services, logistics, power generation and printing, with a significant presence in plantations, financial services, insurance, information technology and apparel.



Dr. Chandi scheduled in Sri Lanka for ‘Innovative Hotel Management for the Future’

The Sri Lankan hotel sector is in for a boost this year with Sri Lanka’s own leader in the international hospitality industry, Dr. Chandana (Chandi) Jayawardena, DPhil, MSc, CHE, FIH, billed to visit his motherland in June and July.
During his visit to Sri Lanka, Dr. Jayawardena is expected to conduct two training workshops for the hospitality sector in Colombo and Kandy. He will also offer a limited number of individually tailored consultations for hotels.


The forthcoming program in Sri Lanka is presented by Rainbow Resources Sri Lanka Ltd., (, a consultancy company led by communications specialist Manique Mendis. Tourism expert Priantha Fernando will be the national facilitator for Dr. Jayawardena’s program in Sri Lanka.
Dr. Jayawardena, who is now based in Canada, has emerged as a highly-sought-after trainer and consultant in the international hospitality industry. He has held senior management positions in South Asia, Middle East, Europe, South America, the Caribbean and North America and held accountability for budgets of $ 30 million, 700 employees and 3,300 students.

As an international hotelier he has served 34 heads of state/government, including Queen Elizabeth II, President Fidel Castro and Prime Minister John Major. He is a past President of the world’s largest professional association for hospitality managers – HCIMA (now the Institute of Hospitality, UK).  He has also conducted leadership workshops for Fallsview Casino in Canada, Four Point Sheraton – Kitchener in Canada, Aitken Spence Hotels in the Maldives and Dubai Sofitel in UAE and quality assurance assignments for Super Club Breezes in the Bahamas, Le Meridien Dubai in UAE and Le Meridien King Edward Hotel in Canada. He has travelled to 93 countries and presented at conferences, seminars and other forums in 38 of those countries. His publication record includes 17 books/journal issues and 91 articles.

Dr. Jayawardena’s workshops in Sri Lanka are scheduled for 28 and 29 June in Colombo at the Sri Lanka Institute of Tourism and Hotel Management and in Kandy on 1 and 2 July at the Randholee Luxury Resort. The two-day training workshops will revolve around the theme of ‘Innovative Hotel Management for the Future’.
The program will commence by looking at lessons learned from the past and will move on to key issues under the topics of sustainability , marketing, quality, innovation and human resource development. It will also focus on challenges including crisis management and the way forward for the future.
The individual consultancies for hotels will be tailored to meet the specific needs of the relevant hotels. Some of the suggested areas are as follows: Comprehensive operational audit based strategic plan, change management, group SWOT, personality analysis (of each manager) competitor analysis, pricing, practical management tips and team work, team building through group art (a novel concept developed by Dr. Jayawardena)
Places for both workshops and time slots for the individual consultations are limited and are filling up fast. Therefore early registration is advisable.

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Six Jetwing hotels receive ISO 14001 certification from SLSI

Jetwing Hotels, long known for its commitment towards the environment, achieved a new milestone — being awarded ISO 14001 certification for six of its properties in Sri Lanka.

Jetwing St. Andrew’s,

The Sri Lanka Standards Institution, or SLSI, awarded the certificates in a ceremony organised at Jetwing Sea, Negombo last week, the hotel group said.

The hotels are Jetwing Blue, recently rated as a 5 star resort, Jetwing St. Andrew’s, Jetwing Ayurveda Pavilions, Jetwing Lighthouse, a member of Small Luxury Hotels (SLH) of the World, Jetwing Sea; now a 4 star rated resort and Jetwing Vil Uyana, another member of SLH; all of which join Jetwing Beach, which was certified in 2011 as being up to ISO 14001.

“With Jetwing Blue, Jetwing Sea, Jetwing St. Andrew’s, Jetwing Ayurveda Pavilions, Jetwing Lighthouse and Jetwing Vil Uyana being awarded ISO14001, we have achieved quite a milestone indeed. Seven of our 16 properties are now certified, and it is a great honour to have our efforts recognised according to international standards,” said Hiran Cooray, Chairman of Jetwing Hotels. “Our engineering and hotel teams constantly work hard to live up to our reputation for being a company that is green, and we thank them for their efforts as we can only go further ahead from here,” he noted.

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SLTPB wins global accolade at ITB

Heralding a thriving era for the tourism industry of Sri Lanka, Sri Lanka Tourism Promotion Bureau (SLTPB) won the third place at ITB 2013 for being the Best Exhibitor of Asia/Australia/Oceania division.

Rumy Jauffer, Managing Director, SLTPB with the award and other officials.

This award was organized by Cologne Business School which organized awards under several categories including the awards for ex air services-carriers, hotels, travel support and media, travel organizations, NGOs and destinations.

Since Sri Lanka Tourism Promotion Bureau (SLTPB), under the guidance of Basil Rajapaksa, the Minister of Economic Development, has identified Germany as a Key market among the traditional tourist markets of Sri Lanka, actions were taken to set up an attractive stall in the ITB, inclusive of all the tourism products related to the market of Germany.

The selection process for the above award was based on particular criteria which included design, activities, services, information material and first impression of the pavilion. As per this criterion, Korea and Indonesia ranked first and the second respectively whereas Sri Lanka secured the third place.

It was a remarkable achievement compared to the size of the Sri Lankan tourism industry.


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Dickwella Resort Unique Beach Vacation

‘Dickwella Resort and Spa’ is most probably the only resort hotel in Sri Lanka, which has access to the beach around the hotel as it lies on a small peninsula off Batheegama in Dickwella embraced by the Indian Ocean.

‘Dickwella Resort & Spa’ is the only star class hotel situated between Matara and Dickwella, enjoying the privilege of having two beaches and reefs offering a variety of colourful marine life.

Now owned and managed by LOLC leisure, Dickwella Resort is just two and half hours drive from Colombo via Southern Expressway, which has succeeded in drastically reducing travel time to the resort

‘The atmosphere is very intimate. It is a magical place. Everybody, who visits this place feel the same’ said Mirza Borhan, the General Manager of the Hotel. Located on a six acre plot, ‘Dickwella Resort & Spa’ has tastefully appointed 70 rooms in a form of four apartments, eight suites, 56 deluxe rooms and 12 family suites. Deluxe rooms all feature spacious bedrooms with canopied beds and sitting areas decorated with Sri Lankan style furnishings. All rooms have a terrace with the ocean view. Services and amenities in the rooms include a refrigerated mini bar, telephone, fan, air conditioning and daily housekeeping service. Suites and deluxe rooms are enhanced by unique artwork, antiques and upper floor canopied beds with ocean view. All rooms enjoy the sea view with a private balcony/verandah and hot and cold water with showers. IDD facility, mini bar complimentary coffee and tea making facilities are other attractions.

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Giritale Hotel Mystically Romantic

Built on a 14 acre land nearly three decades ago on the bunds of the 12th Century Giritale Tank, Giritale Hotel is one of the leading hotels in the area with a magnificent view of the tranquil blue water dotted with green tree spots as a backdrop.

Managed by Carsons Cumberbatch Hotels, Giritale Hotel boasts of 42 rooms that are spacious and comfortable while all rooms are equipped with a range of modern amenities and with a magnificent view.

Standard facilities offered in all of these units include A/C and an attached bath. Luxury deluxe rooms offer star class facilities including LCD TV, IDD telephone facilities, piped music, 24-hour room service, mini bar and a private balcony.

The Hotel completed its Rs. 20 million refurbishment project to facelift their eight luxury rooms, lobby area and the restaurant.

The refurbishment programme was completed last year, pushing the property to 3 star status, attracting more inflow to the hotel.

‘The renovation was carried out room by room basis and in keeping with the current trend, the facilities were upgraded. We have introduced novel facilities to the rooms new LCD TV, mini bar and new AC’ said Resident Manager, Giritale Hotel, veteran hotelier, T. Ganeshan.


This has resulted in Giritale Hotel being popular among ‘frequent’ guests, both foreign and local. The restaurant at Giritale under the guidance of bar and restaurant Manager R. M. A. B. Rathnayake offers the very best in Western, Eastern, Chinese and spicy Sri Lankan cuisine, prepared by a team of expert chefs. Giritale hotel is popular for family outings, conferences, workshops and for honeymooners due to its romantic setting.

‘The hotel offers conference facilities with the necessary AV equipment to make sure your meeting or business event is executed smoothly. A reception hall is also available for banquets and special functions with excellent services from well trained staff members’ Mr Ganeshan added.


‘Jeep Safaris to the Minneriya National Park can be organised, where elephant gatherings will be sighted during the coming months. Excursions to Polonnaruwa, Medirigiriya, Dambulla and Dimbulagala are some of the other attractions on the cards. For the more adventurous traveller the vast jungles in the region beckon you for bush walking and trekking’ said Ganeshan.

‘It is already a venue for honeymooners and attracts more business from this segment’.

The tranquil atmosphere in the hotel is an added attraction for wedding functions.