Investment in hotels

Nine star-rated and 74 tourist-standard hotels opened in the country between 2010 and 2011 after the government announced the Nepal Tourism Year 2011 (NTY) campaign. According to the Ministry of Tourism and Civil Aviation (MoTCA), the number of star-rated hotels in the country has reached 106 from 97 while the number of tourist-standard hotels rose to 721 from 647. MoTCA officials said that many new hotels and resorts across the country were

Number of Tourist standard, star hotels rises 46 percent

The number of star and tourist-standard hotels in Kathmandu has increased by around 46 percent over the last five years. Encouraged by a rise in the number of tourists, especially after the 2008 announcement of the Nepal Tourism Year 2011, investors are pouring in a huge amount of money into the hotel sector.

CNP resorts seek contract renewal

Tourism entrepreneurs today urged the government to renew agreement of hotels and resorts inside Chitwan National Park (CNP). “The government should value the contribution of the hotels and resorts in the Chitwan National Park and renew their agreement,” president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Suraj Vaidya said, during an interaction organised by tourism entrepreneurs including Hotel Association Nepal (HAN) here today.