Table of Content
Table of Content
Written By
GHR Global
Digital Marketing Team
Sigiriya, home to the world-renowned Sigiriya Rock Fortress, remains one of the most visited tourist destinations in Sri Lanka. According to the Sri Lankan Tourism Reports, 57% of visits to attractions administered by the Central Cultural Fund were to Sigiriya, solidifying its status as a top cultural site. With the growing influx of tourists and the limited accommodation availability in the region, The Kingdom Hotel Residencies offers a unique investment opportunity for those seeking high rental yields and capital appreciation.
Sigiriya’s Tourism Boom: A Driver for Accommodation Demand
During last year's records, 900,187 visitors came to experience Sigiriya Rock Fortress and the Sigiriya Museum, representing 57% of the total attraction visits in Sri Lanka. As tourism continues to rebound, with a 41.7% increase in tourist arrivals expected in 2024 and a further 19% growth projected for 2025, the number of visitors to Sigiriya is set to soar.
- In 2024, an estimated 1.27 million tourists are projected to visit Sigiriya.
- By 2025, this number is expected to reach 1.5 million visitors.
This growing influx of tourists highlights a critical need for more quality accommodations near Sigiriya, creating a clear opportunity for rental income generation.
A Wonder of the Ancient World
Sigiriya, recognized as one of the Eight Wonders of the World, is a site of unparalleled historical and cultural significance. Evidence of human habitation dates back to 3000 BC, with its caves and rock shelters later serving as monastic dwellings for Buddhist monks from the 3rd century BC. Its transformation into a royal fortress occurred under King Kashyapa I (477–495 AD), who built an advanced city atop the rock, complete with water gardens, frescoes, and mirror walls, blending defense with luxury. Following his defeat in battle, Sigiriya became a thriving Buddhist monastery until the 13th century. Today, as a UNESCO World Heritage Site, Sigiriya stands as a symbol of ancient Sri Lankan ingenuity and artistry, drawing millions of visitors annually to marvel at its timeless grandeur.
Accommodation Gaps in Matale District
Despite Sigiriya’s ever-growing popularity, the Matale District, which includes the Sigiriya area accounts for just 4.6% of Sri Lanka’s total room inventory, with a little over 2,000 tourist board-registered rooms available. Given the projected rise in tourist numbers, these accommodations will not be sufficient to meet the growing demand. This undersupply of rooms near one of Sri Lanka’s most-visited tourist attractions makes The Kingdom Hotel Residencies a standout project in the market, offering investors a chance to tap into an underserved region.
The Kingdom: A Premium Investment with High Returns
GHR’s The Kingdom Hotel Residencies is a luxury hotel residency project that capitalizes on the demand-supply imbalance in the region. Positioned near the iconic Sigiriya Rock Fortress and the Minneriya National Park, this development offers visitors a high-end experience that is unmatched in the area.
Key features of The Kingdom Sigiriya include:
- Prime Location: Close proximity to Sri Lanka’s top cultural and wildlife attractions, ensuring year-round tourist traffic.
- Luxury Accommodations: Exclusive hotel residencies with breathtaking views of Sigiriya and the Dambulla Mountain Range.
- Forecasted Capital Gains: The Kingdom Hotel Residencies is projected to deliver 120% capital gains upon completion, making it one of the most lucrative investment opportunities in the region.
- High Rental Potential: With just over 2,000 tourist board-registered rooms available in the Matale District, this project addresses a critical need for luxury accommodations. Investors can expect high occupancy rates and strong rental yields, especially during Sri Lanka’s peak tourism seasons.
Aligning with Sri Lanka’s Tourism Growth and Market Trends
As Sri Lanka’s tourism industry continues to recover and expand, surpassing pre-pandemic levels by 2025, The Kingdom Hotel Residency is positioned to take full advantage of this growth. With 57% of tourists visiting Sigiriya and the number of visitors expected to rise, this project offers investors the opportunity to benefit from tourism-driven demand.
Why Now is the Right Time to Invest:
- Rising Demand for Accommodations: With a little over 2,000 rooms available in the Matale District and tourist numbers increasing, there is an urgent need for additional accommodations near Sigiriya.
- Strong Market Alignment: The Kingdom Sigiriya is perfectly positioned to meet the luxury accommodation needs of both domestic and international tourists.
- High ROI Potential: Investors can capitalize on seasonal peaks and steady tourism traffic to generate strong rental income. Additionally, The Kingdom Hotel Residency is forecasted to deliver an impressive 120% capital gain upon completion, making it a standout investment in Sri Lanka’s growing real estate market.
Unlock the Investment Potential of Sigiriya
With 1.5 million tourists expected to visit Sigiriya by 2025 and only 4.6% of Sri Lanka’s room inventory located in the Matale District, The Kingdom Hotel Residency offers an exceptional investment opportunity. This luxury hotel residency project provides investors with access to one of Sri Lanka’s most popular tourist destinations, allowing them to benefit from the strong demand for accommodations and the high rental yields that come with it. Additionally, with construction at The Kingdom Hotel Residency progressing on a fast track and nearing completion, investors won’t have to wait long to start enjoying rental returns. This accelerated timeline makes The Kingdom Hotel Residency a unique opportunity for those looking to capitalize on the tourism boom and start generating income in the near future, rather than waiting for a longer period.
Invest in The Kingdom Hotel Residencies today and secure your place in one of Sri Lanka’s most sought-after regions for both cultural and nature tourism.
Sources - Sri Lanka Tourism Development Authority Statistics
