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Sri Lanka Tourism supported by EU to develop wellness tourism

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Authentic Ayurvedic Medicine

Supporting the speedy revival of the tourism industry in Sri Lanka, the European Union (EU) Delegation to Sri Lanka, has allocated funds to help strengthen the local wellness tourism capacity for Sri Lanka to transform into an attractive destination for wellness tourism. This will be carried out under the guidance of Sri Lanka Tourism. The resulting ‘Sri Lanka Wellness Tourism Stakeholder Project’ will be officially launched on 15 February 2022.

The launch will involve key stakeholders of the project where details of the project will be shared, followed by a group discussion on wellness tourism capacity development. A follow up meeting will be held on the 25th of February to share findings and recommendations from all stakeholder meetings, site meetings and discussions with wellness tourism resorts, hotels and training providers. A presentation of the findings determined through surveys carried out amongst wellness tourism organizations and training providers will also be presented this month.

The EU Delegation has contracted IBF International Consulting to undertake a technical assistance assignment to develop short term course curricula for Ayurveda therapists and wellness facility management in Sri Lanka in order to provide an authentic experience to tourists to grow the wellness tourism component for the country.

The Chairperson of Sri Lanka Tourism, Kimarli Fernando commented, “Wellness and nature are high on the priority list for travelers presently and Sri Lanka has much to offer on both counts. Considering the lush greenery, nature, Ayurveda, yoga, spirituality and culture in Sri Lanka, it is one of the top wellness destinations in the world and we are grateful to the EU Delegation in Sri Lanka for recognizing and investing in building further capacity for the country to promote this niche tourism. This partnership will help strengthen Sri Lanka’s wellness tourism product.”

The project will also consist of a ‘train the trainer’ and a supervised pilot roll-out course. Paul Penfold (Project Team Leader) will be in Sri Lanka for a 2-week mission to meet stakeholders and assess needs together with Dr Attanayake (National Expert) from 14 – 26 February.

Paul Penfold, MEd, is an experienced development consultant specializing in tourism strategy, HRD, educational technology, curriculum development, programme design and quality management. He has lived and worked in Asia (including Sri Lanka) for more than 25 years and has also taught hospitality/tourism in universities in Hong Kong, Myanmar, China and Vietnam.

Dr. Pushpika Attanayake is an Ayurvedic consultant, researcher, and a wellness expert with over 15 years of experience in Sri Lanka and abroad. Her areas of expertise extend to yoga, naturopathy, and counselling. She is a visiting lecturer in Ayurveda and Wellness Tourism at the University of Colombo, and has worked as an Ayurvedic Consultant/Spa Manager for leading hotels, including the Fortress Resort and Spa and Anantara Kalutara Resort in Sri Lanka, as well as the Royal Ayurveda, in Dubai Healthcare City. She has also served in a stint at the Sri Lanka Ayurvedic Drug Corporation.

With the wellness traveler generating at least five times more earnings than the standard tourist, Sri Lanka Tourism is strategically working with key stakeholders to position the destination to cater to the demands of this high yielding segment. With the assistance of external experts, the Authorities are focusing on product and infrastructure development, training and guidance to the SME sector and the larger industry, targeted marketing and promoting investor opportunities.

With its Ayurveda and yoga traditions, rich heritage and culture, authentic and distinctive cuisine, warm and hospitable people, abundant flora and fauna and a multitude of water-based activities the island is ideally positioned to welcome the wellness traveler. Sri Lanka will have to compete with regional wellness destinations such as Kerala and Bali, destinations that have been focusing on health and treatment-based experiences for many years. The island can however elevate its offering above health to holistic wellness enabling the differentiation of product to appeal to the various segments of travelers within the sphere of Wellness Tourism.



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Market liquidity tightens as govt borrowing siphons funds from banking system

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The total outstanding market liquidity surplus or excess funds available in Sri Lanka’s banking system for lending and transactions declined by Rs. 36.65 billion in a week, according to the Central Bank’s latest economic indicators report.

An economic researcher analysing the data noted: “Treasury bill and bond auctions likely drained liquidity. If this tightening persists, short-term interest rates could rise, raising borrowing costs and potentially slowing economic growth. The situation warrants close monitoring, especially as the manufacturing sector is already facing a slowdown whether due to seasonal or structural factors.”

The report also highlighted the following developments in Sri Lanka’s economy:

Fiscal improvements: The deficit has narrowed but remains elevated.

Sectoral trends: The stock market rallied, and the services sector showed slower expansion (tourism, retail and IT driving resilience).

Total expenditure and net lending increased to Rs. 1,301.9 bn during the three months ending March 2025 compared to Rs. 1,197.5 bn in the corresponding period of 2024.

During the three months ending March 2025, the overall budget deficit decreased to Rs. 234.5 bn compared to Rs. 281.3 bn recorded in the corresponding period of 2024

The rupee value of T-Bills and T-Bonds held by foreign investors decreased by 2 per cent in comparison to the previous week.

“The April 2025 industrial slowdown points to weaker output, likely due to seasonal factors such as holidays or subdued demand. However, this was partially offset by an expansion in the Services PMI, offering some relief. The broader economic outlook for Sri Lanka remains uncertain, as these mixed signals unfold as Sri Lanka would receive a tariff letter from the US in the coming weeks. With market liquidity already tightening due to government borrowings from the banking system, policymakers face mounting challenges in balancing growth and stability,” the economic researcher noted.

By Sanath Nanayakkare

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AIA Sri Lanka ‘Pawfect Match’ campaign

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AIA Sri Lanka’s ‘Pawfect Match’ campaign, in partnership with animal welfare groups, inspired 500+ adoptions of stray pets. The initiative highlighted adoption, responsible ownership, and compassion, tackling Sri Lanka’s stray animal crisis. AIA thanks all supporters for their life-changing impact.

The campaign served as a reminder that even small acts of kindness like adopting a stray can make a big impact. It also provided an opportunity for the public to learn more about responsible pet ownership, animal rights, and the importance of compassion toward all creatures.

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Calton wins National Industry Brand Excellence award

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Mahesh De Silva , Director - Finance and Information Technology - Calton Group receives the award

Calton Sweet House Pvt. Ltd., a key part of Calton Group, was honored as the Best National Industry Brand in the Medium-Scale Food and Beverage Sector at the National Industry Brand Excellence Awards 2024, organized by the Industrial Development Board. Deshamanya Mahesh De Silva, Director of Finance and IT at Calton Group, accepted the award.

Established in 1991, Calton Sweet House has over 30 years of excellence, specializing in cakes, snacks, and frozen bakery items, with 20+ outlets across Negombo, Katunayake, and Colombo, including at Bandaranaike International Airport. The company holds ISO, HACCP, and GMP certifications, ensuring top-quality standards.

Starting as a small store in 1983, Calton Group now employs 300+ staff and operates multiple businesses, including Calton Hyper Market and Calton Catering, while partnering with global brands like Unilever and Upfield. The group remains committed to serving customers with high-quality, safely packaged food products.

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