India’s iconic Taj hotels brand to invest $40 million in Sri Lanka [Infographic]

by | 07 Oct 2019 | Chains

Puneet Chhatwat, Taj brand owner and Tata Group’s Indian Hotels Company Managing Director and CEO (Picture: Hottelling)

Taj brand owner and Tata Group’s Indian Hotels Company Managing Director and CEO Puneet Chhatwal is bullish on the Sri Lankan hospitality market.

Indian hotel company Taj is setting its sights on Sri Lanka with a $40m investment into the country’s hospitality industry pipeline.

The investment will include upgrades to existing hotels as well as the development of several new properties.

We find out more.

Tata CEO attends Cinnamon Future of Tourism summit in Colombo

Puneet Chhatwal, CEO and Managing Director of Tata Group, recently attended the Cinnamon Future of Tourism conference in the Sri Lankan capital of Colombo recently. There he spoke of the significant investment that iconic Indian hotel brand Taj is planning on making in the region.

Sri Lanka recently suffered a devastating terrorist attack, but its hospitality market and the country in general are making a remarkable recovery and show strong signs of continued growth in this sector.

Chhatwal told the Daily FT that his group was on hand to pledge support and on-going investment into the country, saying, “Sri Lanka has recovered commendably, and we have seen demand returning. Taj is supportive of Sri Lanka which is perhaps the most strategically important neighbour. The stronger we are as a subcontinent, the better it is for both Sri Lanka and India.”

Investment and optimism in Sri Lanka

Chhatwal was very clear on his position on Taj’s investment into Sri Lanka, saying, “We are confident and bullish on Sri Lanka and we want to do more. This is the right time and most opportune.”

The $40m investment will cover a $20m renovation of the Taj Samudra in Colombo, the revamp of an airport hotel (to be rebranded under Vivanta), the renovation of the first 50 rooms and the introduction of the fine dining Bombay Brasserie restaurant in Bentota.

New properties will be opened in Galle, Kandy and Jaffna, and Taj also plans on introducing its new homestay arm, Ama Trails & Stays soon.

Chhatwal praised the Cinnamon Future of Tourism event and said that conferences such as this would help to shine a spotlight on Sri Lanka as a tourist destination.

“Tourism is the biggest multiplier of jobs globally. Tourism accounts for 10% of global GDP and all jobs. Every single job created within tourism helps generate 8 to 10 additional jobs in ancillary sectors,” he added.

According to the TOPHOTELCONSTRUCTION online database, 31 new hotels will open their doors in Sri Lanka in the next couple of years:

Let’s take a look at some current hotel projects by the Taj brand:

ABOUT THE CHAIN

 

Established in 1903, Taj Hotels Resorts and Palaces is one of Asia’s largest and finest group of hotels.

MORE NEWS

 

Fairmont Vancouver unveils fresh new look after $75m renovation
Meliá crowned world’s most sustainable hotel company
Ritz-Carlton Bahrain appoints Agusti Curto Calbet as new hotel manager
AC Hotels by Marriott brings thought leadership series to Africa [Infographic]
Radisson announces new signings in Spain, Portugal and Italy [Infographic]
Radisson breaks into New Zealand with 4 hotels and 3 brands
Wyndham reveals big future focus on design and tech
Kempinski signs third Cuba hotel in historic centre of Old Havana
Group focus: Africa’s own CityBlue Hotels continues steady growth on continent
Radisson signs 19th property in Poland and leads growth in Polish resorts [Infographic]
IHG’s flagship hotels in Dubai Festival City appoint new key roles [Infographic]
Spain’s Blau Hotels brings second Cuban hotel into its portfolio
New brand Caption designed to foster interpersonal relationships, says Hyatt
India’s iconic Taj hotels brand to invest $40 million in Sri Lanka [Infographic]
IHG brings InterContinental and Hotel Indigo to Peru [Construction Report]
Nikhil Sharma to head up Wyndham Hotels & Resorts Eurasia
IHG’s Atwell Suites brand launches franchise sales in the U.S. [Infographic]
Australian brand Adina to celebrate Austria premiere with 2020 opening
New levels of luxury: Fraser Suites launches in Hamburg, Germany [Infographic]
Former chocolate factory turned hotel joins Tapestry Collection [Infographic]

FIND HOTEL PROJECTS WORLDWIDE

With the TOPHOTELCONSTRUCTION online database your will get access to +6,000 hotel projects worldwide plus the decision-maker contacts.

You have Successfully Subscribed!

FIND HOTEL PROJECTS WORLDWIDE

With the TOPHOTELCONSTRUCTION online database your will get access to +6,000 hotel projects worldwide plus the decision-maker contacts.

You have Successfully Subscribed!

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close