Sri Lanka is seeking to position Colombo as a cruise tourism hub, with the government and private sector courting international cruise lines, exploring capacity for larger vessels and aiming to extend passenger stays to boost wider economic and hotel-sector benefits; talks include linking Cinnamon Hotels Group with international cruise operators.
Hotels & Tourism · Hotels/Resorts/Cruise lines
Hayleys Leisure PLC is a Sri Lanka-based hospitality group engaged in the business of hoteliering, operating a portfolio of resorts, boutique hotels, a city hotel and related leisure services across the island.
CONN shares are down 42.5% over the past year and last closed at Rs 25.00 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.2 | +6.2 | -22.5 | +6.1 | -1.0 | -4.2 | -6.1 | -7.9 | -4.7 | +0.0 | +0.0 | +0.0 |
| 2025 | -4.2 | -4.1 | -4.9 | +10.7 | -6.3 | +6.7 | +1.2 | +9.0 | +23.2 | +2.5 | -4.3 | -8.2 |
| 2024 | +4.3 | -10.5 | +2.0 | +5.0 | -1.9 | -1.5 | -4.9 | -3.6 | +17.7 | -5.9 | +53.9 | +4.4 |
| 2023 | +0.4 | -6.6 | +13.7 | -8.3 | -9.1 | +10.0 | +4.5 | +8.7 | +3.6 | -15.4 | -4.6 | +0.5 |
| 2022 | +0.4 | -7.5 | -23.0 | -13.0 | +10.7 | +7.1 | -3.6 | +43.8 | -6.1 | -5.1 | +6.8 | +2.7 |
| 2021 | -0.5 | -6.2 | -11.8 | +1.7 | -5.7 | +12.1 | +13.5 | -4.8 | +32.5 | -9.4 | -12.5 | +7.1 |
| 2020 | -3.3 | -1.7 | -29.1 | +0.0 | +0.0 | -1.7 | +1.4 | -1.3 | +0.7 | +4.4 | +0.0 | +34.8 |
| 2019 | +5.3 | -5.0 | -1.3 | +0.8 | -13.0 | +6.1 | -10.6 | +2.2 | +0.3 | +6.3 | +17.1 | -7.5 |
| 2018 | +4.9 | +3.9 | -14.3 | +4.0 | -3.8 | +4.0 | -0.6 | -5.6 | +0.0 | +0.0 | +2.5 | -7.3 |
| 2017 | -7.7 | +2.2 | -14.9 | +17.7 | -5.5 | -3.9 | -6.9 | +9.1 | -13.3 | +1.9 | -7.4 | +4.7 |
| 2016 | -2.9 | -8.7 | -2.4 | +12.4 | +3.1 | -1.6 | +1.3 | +0.0 | +0.1 | -0.1 | -7.0 | +6.0 |
| 2015 | -1.8 | -4.2 | -8.7 | +14.4 | -8.4 | -1.3 | +6.2 | -4.0 | -7.1 | +7.0 | -8.5 | -0.1 |
| 2014 | -5.1 | -0.3 | +3.3 | +6.6 | -1.4 | +5.7 | +8.3 | +1.3 | -3.5 | -3.4 | -3.5 | +7.3 |
| 2013 | -1.1 | -7.0 | -1.0 | +4.7 | -0.1 | +0.0 | -3.7 | -9.1 | +2.1 | +0.8 | -2.5 | +5.3 |
| 2012 | +0.0 | +0.0 | +0.0 | -3.8 | -17.6 | +15.1 | -3.3 | +10.6 | +10.8 | -7.2 | +3.4 | +5.5 |
| Average | -1.5 | -3.5 | -8.2 | +4.2 | -4.3 | +3.5 | -0.2 | +3.2 | +4.0 | -1.8 | +2.4 | +3.9 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | -1.4 | -4.6 | -6.8 | +4.9 | -4.7 | +4.0 | -0.6 | +0.0 | +0.5 | -0.1 | -3.0 | +4.6 |
| % up | 36% | 21% | 21% | 79% | 14% | 53% | 47% | 47% | 64% | 46% | 36% | 71% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 3.6B +6.7% | Rs 3.3B +15.8% | Rs 2.9B +87.9% | Rs 1.5B +97.1% | Rs 777.3M +114.5% | Rs 362.4M -70.4% | Rs 1.2B -25.4% | Rs 1.6B +13.9% |
| Operating profit | Rs 22.0M -95.3% | Rs 470.8M +226.8% | Rs 144.1M | Rs -444.7M | Rs -622.7M | Rs -582.7M | Rs -114.3M | Rs 317.5M +62.2% |
| Net profit | Rs -241.0M fell into loss | Rs 159.5M turned profitable | Rs -146.0M loss narrowed | Rs -824.4M loss narrowed | Rs -898.5M loss widened | Rs -789.7M loss widened | Rs -266.4M fell into loss | Rs 235.2M +2,826.4% |
| EPS | -2.22 | 1.45 | -1.04 | -6.86 | -7.65 | -6.70 | -3.12 | 5.55 +208.3% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2019Rs 2.50
- 2018Rs 1.00
- 2017Rs 2.00
- 2016Rs 2.00
- 2015Rs 1.00
- 2012Rs 4.00
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | AHUN.N0000 | 80.00 | Rs 26.9B | 10.9 | 0.90 | 7.32 | 8.23% | 0.35% |
| 2 | KHL.N0000 | 16.00 | Rs 23.3B | 23.9 | 0.69 | 0.67 | 2.92% | 2.19% |
| 3 | JETS.N0000 | 13.90 | Rs 8.4B | 16.0 | 1.87 | 0.87 | 11.76% | 3.60% |
| 4 | SHOT.N0000 | 15.60 | Rs 6.4B | 23.6 | 1.06 | 0.66 | 4.57% | 0.00% |
| 5 | CHOT.N0000 | 28.00 | Rs 5.0B | 25.0 | 0.62 | 1.12 | 2.49% | 0.00% |
| 6 | CONN.N0000 · this company | 25.00 | Rs 2.7B | - | 2.35 | -2.68 | -25.23% | 0.00% |
| 7 | REEF.N0000 | 3.50 | Rs 2.3B | - | 0.88 | -0.23 | -5.97% | 0.00% |
| Peer median · 6 companies | - | - | 23.6 | 0.89 | - | - | 0.18% |
About Hayleys Leisure PLC
Hayleys Leisure PLC is a Sri Lanka-based hospitality group engaged in the business of hoteliering, operating a portfolio of resorts, boutique hotels, a city hotel and related leisure services across the island. The Group’s flagship brand is Amaya Resorts & Spas, which anchors a collection of full-service properties designed to showcase Sri Lanka’s natural and cultural attractions while offering leisure, wellness and experiential travel experiences. The Group manages and operates a mix of owned and managed properties, including The Kingsbury, Colombo; Amaya Hills (Kandy); Amaya Beach (Passikudah); Amaya Lake (Dambulla); and boutique and wellness properties such as Amuna Ayurveda Retreat (Dambulla), Oliphant Boutique Villa (Nuwara Eliya), Langdale Boutique Hotel (Nuwara Eliya) and The Villas (Wadduwa). The Fortress Resort & Spa (Koggala) is identified in the report as an owned resort under the Group’s portfolio, and The Fortress Resort & Spa was taken on management by the Group as part of expanding its footprint. The Group’s corporate structure includes wholly owned subsidiaries such as Hayleys Holidays (Private) Limited, Kandyan Resorts (Private) Limited, Culture Club Resorts (Private) Limited, Hayleys Hotel Management Services (Private) Limited and CDC Convention (Private) Limited, as well as a majority stake in Sun Tan Beach Resorts Limited. Hayleys Leisure positions its offerings across beach, hill-country and heritage destinations in Sri Lanka, with a focus on curated guest experiences, wellness and sustainable hospitality.
AI analysis
bearishHayleys Leisure remains loss-making: its June quarter net loss widened to LKR 108 million while revenue was broadly flat. A stretched balance sheet leaves recovery dependent on operating execution.
Read the full report (Aug 8, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
The Thailand–Sri Lanka forum highlighted the newly enacted SLTFTA and reported bilateral trade rose 48% to $649m in 2025. Officials said the FTA and related measures should expand market access and investment across logistics, manufacturing, tourism, food processing, IT and healthcare.
The Thailand–Sri Lanka Business Forum centred on implementing the Sri Lanka–Thailand FTA to boost trade and investment after bilateral trade reached USD 649m in 2025 (+48% vs 2024). Delegates highlighted opportunities in logistics, manufacturing, food and agriculture, IT, healthcare and tourism and urged streamlined customs and predictable FTA implementation.
The Thailand–Sri Lanka Business Forum highlighted opportunities from the new Sri Lanka–Thailand FTA, with bilateral trade at USD 649m in 2025 (up 48%) and commitments to boost supply chains, investment and trade across food processing, logistics, IT, healthcare, tourism and manufacturing.
Sri Lanka and Thailand plan to deepen trade and investment using the Sri Lanka–Thailand FTA and enhanced B2B engagement, targeting tourism, hospitality, food processing, agriculture, logistics and other sectors to boost bilateral ties and supply‑chain links.
The Embassy of Sri Lanka and VJSC hosted a tourism promotion event in Ho Chi Minh City on 8 June, highlighting VietJet's planned Ho Chi Minh–Colombo service from 18 Aug 2026 and Vietnam Airlines' direct flights later in 2026, boosting prospects for Sri Lanka's tourism industry and hotels.
Hayleys PLC agreed to sell its Maldivian subsidiary Luxury Resort (Pvt) Ltd to Bohemia Luxury Resort for USD 17.25m. The group recognised impairment losses of LKR 6.9bn and a LKR 1.23bn loss from discontinued operations, with assets held for sale of LKR 6.05bn.
Hayleys PLC reported FY2025/26 revenue of Rs.585.02 bn (up 19%) and consolidated Profit Before Tax of Rs.38.04 bn (up 4%). Consumer & Retail revenue rose 44% to Rs.156.74 bn, Q4 revenue grew 29%, the group completed a Rs.9 bn rights issue and Fitch affirmed a 'AAA (lka)' rating.
eMarketingEye launched Sri Lanka’s first AI Visibility Study for Hotels, analysing AI visibility for 742 hospitality brands across 18 segments on platforms like ChatGPT, Gemini and Perplexity. The study names segment winners (e.g., Anantara Peace Haven Tangalle) and urges hotels to optimise for AI-driven discovery.
Hotels & Tourism sector: what is happening
Last 14 days to Sep 30, 2026Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.
The stories behind it
Auto-generated from 6 sector news articles over 14 days. Not investment advice.