Find out the latest situation of Hotel Business in Nepal

Nepal is a country with full potential in the tourism and hospitality industry. Being a naturally beautiful country, numerous tourists from various corners of the globe arrive here to break their monotonous life.

With that, the chances for the growth of tourism and hospitality businesses in Nepal are immense. At the present time, we can see many businessmen investing in hotel businesses in different regions of the country.

Talking about the capital city Kathmandu, there are some huge hotel projects going on including Sheraton Kathmandu Hotel in Kantipath and Hotel Hilton in Naxal. Besides, top hotels like Mariott and Aloft have already begun commercial operations.

The COVID-19 pandemic disrupted the tourism and hospitality industry for a while and resulted in huge losses to the investors. Some businesses were even compelled to completely close the operations.

So, what is the present scenario of the hotel business in Nepal?

Well, Nepal is slowly recovering from the post-COVID era and businesses are also eventually getting some momentum. 

The number of international tourists drastically declined following the adverse impact of the pandemic and it directly affected the hotel businesses. At present, the arrival of international tourists is increasing however, it will take some time to completely recover.

The country went through various lockdown phases and the crisis resulted in the complete closure of some hotel and restaurant businesses in Nepal.

After the end of the lockdown, the number of domestic tourists escalated as people began visiting various places in the country due to the frustration created by the pandemic.

The Himalayan regions, trekking routes and various other beautiful locations were covered by the Nepali tourists. The empty hotels and restaurants were delighted to serve customers after a long period of time.

Now, international tourists are also arriving and hotel businesses are acquiring some momentum.

COVID-19 pandemic has changed the way of hospitality operations. Hotels must strictly implement standard health procedures to ensure optimum protection from the deadly virus. Regular sanitation, use of masks, alcohol sanitisers and various other safety measures are mandatory.

Though the pandemic is not over yet following the spread of the new Omicron variant, new hotel projects in Nepal are increasing. If everything gets normal, the scope of hotel businesses in Nepal is remarkable.

Latest Hotel Projects in Nepal

Sheraton Kathmandu Hotel, Kantipath

Hotel Hilton, Naxal

Luxury Villa, Budhanilkantha

Dwarika’s Inn, Jhapa

Hotel Grand Prince, Jhapa

Siddhartha International Hotel, Bhairahawa

Pawan Palace, Bhairahawa

Hotel Le Sherpa, Lazimpat

Soaltee Pokhara

Hyatt Palace, Soalteemode 

Hotel Krishna, Nepalgunj

The pandemic has affected the construction deadline of the various hotel projects in Nepal. The construction of the Kathmandu Sheraton Hotel is anticipated to be slowed by three years and is expected to be completed in 2022. 

The five-star property which will be managed by Sheraton Hotel and Resorts, a brand of Marriott International, has investment from Nepali-Australian tycoon Shesh Ghale.