The landmark agreement was signed between LOLC Group Managing Director and CEO, Kapila Jayawardena and Club Med President and CEO,Henri Giscard d’Estaing on behalf of the respective companies.
The establishment of the globally-reputed Club Med brand in Sri Lanka opens a new chapter in the country’s higher value tourism prospects. Under the terms of the agreement, Club Med will brand, market and manage the property as one of its many exotic Club Med destinations attracting affluent tourists from Europe and Asia to Sri Lanka.
This development will further the industry’s aspirations to develop the island as a magnet for high spending tourists while simultaneously creating a significant number of direct and indirect employment opportunities.
LOLC Group Managing Director Kapila Jayawardena said “We are confident that this will be a mutually rewarding partnership that will add immense value to Sri Lanka Tourism. As a tourism destination, Sri Lanka has a rich and diverse offering spanning nature, culture, religion, adventure and eco-tourism, and we are confident that it will ascend in popularity and profitability to become one of Club Med’s premier properties.”
Club Mediterranee President and CEO Henri Giscard D’estaing said “We are delighted to embark on setting up the first Club Med in Sri Lanka, which is an exceptional destination. The beautiful island and the strategic location of the property reflects the exclusivity that Club Med looks for in its new locations. We believe that the Sri Lanka Club Med will be much in demand with our members.”
Over the past 65 years, Club Med has been the specialist in helping transform emerging destinations into international high level tourist places, generating great global interest and immediate traffic wherever it settles.