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Discussions with France to bring FDI into tourism

29 Oct 2021

By Aazam Ameen  Bilateral discussions took place with private sector companies, finance institutions, and government agencies of France, including Accor Hotels and Club Med, exploring opportunities in developing luxury leisure in Sri Lanka.  Thus, State Minister of Regional Co-operation Tharaka Balasuriya, Board of Investments (BOI) Chairman Sanjaya Mohottala, and Sri Lankan Airlines Chairman Ashok Pathirage had several high-level discussions in Paris, France, from 5 to 11 October. During this visit, the State Minister and the Chairmen also met with Accor Hotels and Club Med, France’s leading tourism operators, to discuss and explore opportunities in luxury leisure development in Sri Lanka. Accor S.A. is a French multinational hospitality company that owns, manages, and franchises hotels, resorts, and vacation properties. It is the largest hospitality company in Europe, and the sixth largest worldwide.  Club Med is a French travel and tourism operator headquartered in Paris, specialising in all-inclusive holidays.  With Sri Lanka opening its doors and borders to tourism once again, and with potential global investors keen to tap into Sri Lanka as their next investment destination, the country envisages at a minimum, a demand of approximately 30,000 more rooms per annum across the island in the future. Sri Lanka’s potential as a tourist destination is further heightened by both SriLankan Airlines and Air France operating three flights per week between Colombo and Paris.


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