Fresh blow to hotel sector as electricity tariffs rise again in Sri Lanka

The local hotel sector is facing another jolt with Sri Lanka announcing another electricity tariff increase, which came into effect on October 21.

The local hotel sector is facing another jolt with Sri Lanka announcing another electricity tariff increase, which came into effect on October 21.

An industry representative, The Hotels Association of Sri Lanka (THASL), expressed that such a move was unexpected for the tourism sector and a decision to raise electricity tariffs once more would adversely affect hotels across the country.

“This is not the time for increases. We are just seeing some improvements in arrivals but they are not at the levels we had in 2018,” said THASL President M. Shanthikumar to Mirror Business.

“We have said this before and reiterate; owing to the economic crisis, our cost of operations is extremely high. We simply cannot afford to have it rise further,” he added.