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July 18: Political stability and investment-friendly environment have encouraged investors to invest in big hotels in Nepal. Around a dozen big hotels with a total investment of Rs 30 billion are currently under construction at various places across the country.
These first-class hotels will be ready by 2020 AD adding 4,000 beds to the hospitality industry of the country. With the completion of the hotels, the total number of beds will reach 46,000. The government has a target to bring 2 million visitors annually to Nepal by 2020. Infrastructure development is vital for that as well.
Most of the under construction hotels being funded by established business families of Nepal and international chain of hotels will range from three stars to five stars.
According to the chairman of Hotel Association of Nepal, Amarman Shakya, investment in hotels is rising of late. Currently, there are 10 five-star hotels, two four-star hotels, 12 three-star hotels, 22 two-star hotels and 18 one-star hotels in Nepal.
Shakya said that the hospitality sector is getting back to business after the devastating earthquake and blockade imposed by India in 2015. However, infrastructure is still not sufficient, according to Shakya.
“We haven’t been able to bring in more tourists due to lack of infrastructure,” said Shakya.
HAN General Secretary Binayak Shah informed that there has been a rise in investment in hotel sector of Nepal but the country needs to host ‘mega events’ to attract more tourists.
“We have lots to sell but we branding is essential for that,” said Shah.
According to Shah, unless the fleet of national flag carrier is increased tourist arrival cannot get a boost since the government can use the state-owned airlines to provide discount to bring in more tourists.
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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