Radisson Kandy

Project Scope

Horwath HTL was engaged to provide a comprehensive economic and hotel market study, facilities recommendations, and prospective financial analysis for a proposed Radisson hotel in the Gannoruwa area near Kandy, Sri Lanka. The engagement aimed to evaluate the project’s viability and provide strategic recommendations to position the property effectively in the local hospitality market.

The economic and market study began with an in-depth analysis of the Gannoruwa area and its proximity to Kandy, a significant cultural and tourist hub in Sri Lanka. Key demand drivers were identified, including heritage tourism, religious pilgrimages, and leisure travel, as well as the impact of local infrastructure development on accessibility and growth potential. The analysis also included a benchmarking exercise against existing hotels in the region to assess the competitive landscape and identify gaps in market offerings.

Based on the findings, Horwath HTL developed facilities recommendations tailored to the market demand and aligned with the Radisson brand’s positioning. Recommendations included optimal room configurations, food and beverage outlets, meeting spaces, and recreational facilities, ensuring the hotel would cater to diverse guest needs while maintaining operational efficiency.

The prospective financial analysis provided detailed projections of revenue streams, operating costs, and profitability. Scenarios were modelled to evaluate potential risks and opportunities under varying market conditions. Key metrics such as average daily rate (ADR), occupancy levels, and return on investment were analysed to offer a clear understanding of the project’s financial outlook.

Horwath HTL’s study equipped the client with actionable insights and strategic guidance, ensuring the proposed Radisson hotel in the Gannoruwa area was positioned for success. The recommendations provided a robust foundation for informed decision-making and maximising the project’s long-term potential in Kandy’s competitive hospitality market.

Localização do projeto

Kandy, Sri Lanka