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<p style="text-align: justify;">Hotel entrepreneurs view the last year’s devastating earthquake and border blockade as the main cause of decrease in FDI. “Foreign Investors are in the state of ‘wait and see’, investment will flow to Nepal once the environment becomes favorable,” says General Secretary of Hotel Association of Nepal, Binayak Shah.</p>
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April 17: Although Chinese tourist arriving in Nepal declined to zero after last year’s devastating earthquake, Chinese investment, though, is at number one position among the foreign direct investment (FDI) in hotels and resorts. Among the 30 of 62 hotels registered in Industry Ministry for Kathmandu have Chinese investments. Along with the rising number of Chinese tourists over the past few years, Chinese investment in hotel sectors is also increasing, according to hotel entrepreneurs.
Nevertheless, the overall FDI entering Nepali hotel sector has fallen by 70 percent. FDI worth of Rs 5.22 billion were proposed for hotel sector in the year 2071 which was limited to Rs 1.57 billion in 2072. “Investment money has decreased in compare to number of hotels,” says Rudra Bahadur Malla, spokesperson and Director of Industry Department. According to him, 123 hotels and resorts were registered for operation in 2071 which has decreased to 102 in the year 2072.
Hotel entrepreneurs view the last year’s devastating earthquake and border blockade as the main cause of decrease in FDI. “Foreign Investors are in the state of ‘wait and see’, investment will flow to Nepal once the environment becomes favorable,” says General Secretary of Hotel Association of Nepal, Binayak Shah.
“Investor still needs to go through various hassles due to non implementation of FDI laws,” he adds. “The proposed investments in hotel sector are just commitments. Billions of investment will enter Nepal if we achieve political stability.”
The highest number of hotels and resorts registered for operation under foreign investment in 2071 and 2072 are located in Kathmandu followed by Lalitpur. Investment of more than 1 billion has been committed for 62 hotels of Kathmandu. Foreign Investors have expressed commitment to invest in various tourist locations outside Kathmandu. 20 medium hotels are about to opened in foreign investments at Pokhara. Similarly, hotels in Jumla, Solukhumbu, Chitwan, Banke, Jhapa, Morang, Nuwakot, Kavre are also getting foreign investment. Foreign investors from countries such as USA, Russia, Pakistan and Bangladesh are seen interested in the Nepali hotel sector. According to entrepreneurs, 2,500 direct employment will be created after these hotels come into operation.
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<p style="text-align: justify;">Hotel entrepreneurs view the last year’s devastating earthquake and border blockade as the main cause of decrease in FDI. “Foreign Investors are in the state of ‘wait and see’, investment will flow to Nepal once the environment becomes favorable,” says General Secretary of Hotel Association of Nepal, Binayak Shah.</p>
<p style="text-align: justify;">“Investor still needs to go through various hassles due to non implementation of FDI laws,” he adds. “The proposed investments in hotel sector are just commitments. Billions of investment will enter Nepal if we achieve political stability.”</p>
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<p style="text-align: justify;">Nevertheless, the overall FDI entering Nepali hotel sector has fallen by 70 percent. FDI worth of Rs 5.22 billion were proposed for hotel sector in the year 2071 which was limited to Rs 1.57 billion in 2072. “Investment money has decreased in compare to number of hotels,” says Rudra Bahadur Malla, spokesperson and Director of Industry Department. According to him, 123 hotels and resorts were registered for operation in 2071 which has decreased to 102 in the year 2072.</p>
<p style="text-align: justify;">Hotel entrepreneurs view the last year’s devastating earthquake and border blockade as the main cause of decrease in FDI. “Foreign Investors are in the state of ‘wait and see’, investment will flow to Nepal once the environment becomes favorable,” says General Secretary of Hotel Association of Nepal, Binayak Shah.</p>
<p style="text-align: justify;">“Investor still needs to go through various hassles due to non implementation of FDI laws,” he adds. “The proposed investments in hotel sector are just commitments. Billions of investment will enter Nepal if we achieve political stability.”</p>
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<p style="text-align: justify;">Nevertheless, the overall FDI entering Nepali hotel sector has fallen by 70 percent. FDI worth of Rs 5.22 billion were proposed for hotel sector in the year 2071 which was limited to Rs 1.57 billion in 2072. “Investment money has decreased in compare to number of hotels,” says Rudra Bahadur Malla, spokesperson and Director of Industry Department. According to him, 123 hotels and resorts were registered for operation in 2071 which has decreased to 102 in the year 2072.</p>
<p style="text-align: justify;">Hotel entrepreneurs view the last year’s devastating earthquake and border blockade as the main cause of decrease in FDI. “Foreign Investors are in the state of ‘wait and see’, investment will flow to Nepal once the environment becomes favorable,” says General Secretary of Hotel Association of Nepal, Binayak Shah.</p>
<p style="text-align: justify;">“Investor still needs to go through various hassles due to non implementation of FDI laws,” he adds. “The proposed investments in hotel sector are just commitments. Billions of investment will enter Nepal if we achieve political stability.”</p>
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