Opportunity Sri Lanka | » ITC Ratnadipa Colombo set to open next month says Sri Lankan Minister
ITC Ratnadipa Colombo set to open next month says Sri Lankan Minister

ITC Ratnadipa Colombo set to open next month says Sri Lankan Minister

Daily FT: Tourism Minister Harin Fernando has revealed that the highly anticipated super-luxury ITC Ratnadipa Colombo hotel is poised to open its doors next month.
“This landmark hotel is their first project outside India,” he told journalists last week.
The ITC Ratnadeepa Hotel project is a noteworthy venture as it signifies the maiden development in Sri Lanka by WelcomHotels Lanka Ltd., a wholly-owned subsidiary of the prestigious ITC Ltd.
The introduction of this super-luxury hotel promises a new level of opulence and service excellence in Colombo, catering to discerning travellers seeking an indulgent and world-class experience.
Minister Fernando also disclosed the imminent return of the world-renowned Intercontinental brand to Sri Lanka.
Recently, Sheraton Colombo Hotel, part of the world’s largest hotel chain Marriott opened its doors.
“The opening of international hotel chains in a destination not only enhances the local hospitality landscape but also contributes to elevating the destination’s international image and competitiveness. It boosts the confidence of investors as well as tourists coming into the country,” he said.
Fernando said these ventures also contribute to the overall economic growth and global perception of Sri Lanka as an elite travel destination.

OSL take:
Sri Lanka’s tourism industry has become one of the fastest growing economic sectors in the country with a steady increase in tourist arrivals to the country. The growth in Sri Lanka’s tourism industry has resulted in a growth in the business/investment opportunities in the industry that range from the development of infrastructure and supplementary infrastructure facilities required by the industry as well as opportunities in the leisure and hospitality sectors. The growing business potential in the country’s tourism industry has attracted many international leisure brands to the country. It is in such a backdrop that ITC Group’s hotel in Sri Lanka is being scheduled to be opened next month. Even local businesses engaged in the tourism industry are engaged in refurbishment and expansion programmers to meet the increasing demand. With the continuing promotional campaigns carried out by local authorities in key tourist source markets and Sri Lanka being identified as a must visit tourist destination by the international media will also help boost Sri Lanka’s tourism industry even further. Foreign businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka’s tourism industry given the growing business potential in the industry.

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Article Code : VBS/AT/20240118/Z_2

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