Sri Lanka Spence Hotel mulls more properties in Oman
Jun 12, 2015 08:11 AM GMT+0530 | 0 Comment(s)
COLOMBO (EconomyNext) – Sri Lankan hotel group Aitken Spence Hotel Holdings is considering expanding its presence in Oman where it now operates six properties under its diversification strategy.
The company said its operations in Oman performed satisfactorily last year, achieving a moderate increase in average occupancy and average rates over the preceding year.
“The group is presently actively looking at increasing its presence in the sultanate with properties that will enhance its portfolio in the region,” the company told shareholders in its annual report.
The six properties it manages are spread over the key tourist cities of Muscat, Sur and Wahiba Sands.
Aitken Spence Hotel Holdings owns and manages hotels in Sri Lanka, the Maldives, India and Oman.
Of its existing portfolio of almost 2,000 rooms, 466 rooms are in Oman.
The group has announced it is also expanding in a big way in the Maldives where it has leased two more islands and plans to increase capacity by more than half.
Aitken Spence went into Oman in 2008 at a time the hotel sector there was dominated by local or Western hotel chains.
“The performance of the six properties we manage in Oman and operate under the brands of the owning entity, well typify the success of our model for management contracts and our diversified portfolio has enabled us to offer complete round trip packages in the Sultanate,” the company said.