“There is good news, we are taking out the minimum room rate from the 31 of this month,” he told journalists.

He stated his belief in the operation of market forces, noting that the reintroduction of the MRR by Sri Lanka Tourism Development Authority (SLTDA) was prompted by the unfair practices of destination management companies (DMCs).

The Minister pointed out issues with DMCs charging higher rates to customers without passing on the benefits to hoteliers, resulting in significantly higher margins than usual