Pegasus Hotels of Ceylon PLC
CCSELK:PEG.N000018.00
LKR
-1.00
(-5.26%)
Pegasus Hotels of Ceylon PLC
CSELK:PEG.N0000
(Colombo Stock Exchange)
Recent
price
18.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pegasus Hotels of Ceylon PLC is a Sri Lanka-based hospitality company engaged in the ownership, operation, and management of resort hotels, leisure facilities, and food and beverage operations. The company provides a systematic range of hospitality products and services, including guest accommodations across standard, deluxe, and suite room categories; multi-cuisine dining, buffet services, and specialty seafood culinary offerings across on-site dining establishments such as the Rasaketha Restaurant, The Fishery, and pool bar venues; comprehensive meetings, incentives, conferences, and exhibitions (MICE) spaces along with indoor banquet halls and oceanfront open-air lawns for corporate conferences, social events, and destination weddings; leisure and recreational amenities including swimming pools, fitness centers, tennis courts, squash courts, and outdoor sports facilities; and ancillary hospitality offerings such as airport transit lodging, specialized event catering, spa wellness treatments, and localized excursion services. The company operates its flagship beachfront property, Pegasus Reef Hotel, located in Hendala, Wattala, serving international leisure tourists, corporate and business travelers, transit passengers arriving via Bandaranaike International Airport, and the domestic banquet and events market. Founded in 1966 and headquartered in Hendala, Wattala, Sri Lanka, Pegasus Hotels of Ceylon PLC operates as part of the Carson Cumberbatch PLC group under the management of Carsons Management Services (Private) Limited. In recent operational and strategic developments, the company has executed targeted refurbishment and interior upgrade programs across its guest rooms and banquet facilities to capitalize on the recovery of international tourist arrivals; integrated renewable energy and rooftop solar photovoltaic installations to improve energy resilience and curtail operational overheads; expanded customized domestic MICE and wedding package offerings to maximize revenue diversification; and restructured its digital distribution and promotional partnerships with regional travel platforms to strengthen occupancy rates and direct bookings.