Hospitality Insider - March - April 2019

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The funny thing about family businesses is at their core, the thread that holds them together can also be the cause of their unravelling. Dealing with infighting, dividing assets, creating space for the next generation, and managing the collective wealth can all be potential quagmires. By the time the third generation readies to take on the mantle of leadership, their life experiences (and expectations) may be worlds apart from those of the founder.

At the same time, the fibres of familiarity, shared interests, and healthy sibling rivalry can propel these companies to go on and achieve wonderful things. Provided there is careful and considered planning in place. In this issue's cover story (p.22), we're talking to Hiran and Shiromal Cooray, of the Jetwing group, about the balance between keeping their father's vision alive and forces shaping the business for the future.

Also in this issue is an in-depth look at Jaffna and a detailed feature on sustainability, showing why sustainability doesn't have to be a cliché anymore. With advances in technology and the hot gaze of guest attention on the issue, it simply makes business sense.