Jetwing Symphony cuts losses, recovering from Easter aftershocks

Jetwing Symphony PLC said it is recovering from the low arrivals which resulted from the Easter Sunday attacks, but remains cautious and watchful of the impact from the New Coronavirus which has implications on global tourism. 

The hotel company with six facilities under its belt including the one which commenced operations in January recorded a top line of Rs.396.7 million for the three months to December (3Q20), down 18 percent from the year earlier period. 

Jetwing Symphony owns and manages five premium resorts—Jetwing Yala, Jetwing Lake, Jetwing Kaduruketha, Jetwing Surf and latest addition, Jetwing Kandy Gallery. 
Apart from those, the group also has a city hotel in Colombo, Jetwing Colombo Seven.

“It is pleasing to see tourism re-energized with the growth in arrivals in the month of December and continuing on in to January. We were recovering from impact of last year’s unfortunate incident, but now we will need to be cautious and watch the outcome of the Novel Coronavirus on global tourism and how it will affect our future performance,