Elyon Colombo business hotel opens braving Sri Lanka downturn

ECONOMYNEXT – Elyon Colombo, a business hotel promoted by St Anthony’s group, a private held group in Sri Lanka, is opening a 30-room hotel on August 01, placing confidence on the recovery from a hit from Islamist bombing in April.

“As an entrepreneur, hotel operator and an investor I know based on the current situation of the country this is not the best time for this," Prasantha Jayamaha, co-founder, Elyon Hotel told reporters.

"But if not now, when? As Sri Lankans we must believe in this country, this industry and our future."

Sri Lanka’s tourist arrivals fell to 70 percent in May 2019 from a year earlier to 37,000, but recovered to 63,000 in June. In July about 100,000 tourists are expected, which would be about 50 percent down.

Elyon Colombo is in Dematagoda, inside Orion City, a tech park, where many firms targeting foreign markets are located.

The 30-room hotel is targeting business travellers.

The hotel and tech park is minutes away from an exit of an expressway from Sri Lanka’s main airport.

"Located just 27 kilometres from the Bandaranayaka international Airport we believe this experience will resonate well with business travellers," Jayamaha said.

The hotel is also targeting Meetings, Incentives, Conventions and Exhibitions (MICE) tourism.

Elyon Colombo is the second hotel in the chain which also includes Elyon Best Western in Narehenpita, a suburb of Colombo. (Colombo/July17/2019)