Business

Minimum room rate on Colombo hotels removed

Sri Lanka Tourism Development Authority has decided to remove the minimum room rate (MRR) imposed on Colombo City Hotels effective immediately.

In a press release SLTDA stated that this removal was due to the severe hit on the Tourism Industry following Easter Sunday Attacks.

It said that it is better for market forces to decide the room rates rather than SLTDA dictating terms due to the prevailing situation.

Last week, the travel ban on visiting Sri Lanka implemented by China was lifted to “cautious when traveling” to Sri Lanka and the Authority is confident that the Travel Advisories will be lifted in the next couple of weeks as they have been working closely with many Diplomatic Missions since the incident.