Dubai Luxury Boutique Hotel Group to invest in Sri Lanka
Sri Lanka continues to keep the top spot as the location of the year in several major worldwide travel journals. Sri Lanka Tourism Development Authority (SLTDA) is involved in numerous tourism promotional operations, including the implementation of a visa-free program and appealing packages and deals for overseas travellers.
A vital example of this progress made is that of a subsidiary of One Nature luxury hotel group of Dubai, which will lease property near the south shore of Sri Lanka to construct a resort with 28 chalets, the Cabinet Office said. The cabinet has endorsed a suggestion to grant ownership of seven acres to One Nature on a 50-year lease basis at Palatupana, Yala.
One Nature is a wealthy group of luxury hotel boutiques, situated in some of the most exciting and exotic locations in the world. The Dubai luxury hotel boutique group provides adventure tourism based on nature and runs the Nyaruswiga Safari Camp in the Serengeti, Tanzania.
Foreign investment in the tourism industry in Sri Lanka is starting to grow as the nation has shown remarkable resilience and a rapid return to normalcy after the Easter Sunday attacks in April. The country’s tourist arrivals have seen constant development, with July recording an 83% rise in tourist arrivals to the nation compared to June.
OSL Take:
Sri Lanka’s ongoing development program covers all critical economic sectors islandwide. Tourism and recreation have been given much prominence in the programme. The revival of Sri Lanka’s tourism industry has expanded business/investment opportunities in the country’s tourism sector.
The hotel in the heart of Yala is one such concept in the development program that would yield profits and guarantee return on investment. Therefore, foreign businesses/investors could explore innovative business/investment ideas that could be included in Sri Lanka’s ongoing development program.
| Article Code : | VBS/AT/16102019/Z_T3 |