CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Over Rs 30 billion invested in hospitality business at risk

CEO TAB by CEO TAB
September 8, 2020
in Prime News
0
Over  Rs 30 billion invested in hospitality  business at risk
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Chitwan, September 8 : Due to the ongoing COVID-19 pandemic, over Rs 30 billion investment made in the hospitality sector in the Chitwan district is at stake. All types of hotels and restaurents here have remained closed for almost six months now due to the prohibitory order imposed to stem the pandemic.

You might also like

Nepal Partially Reopens Registration of Public Transport Vehicles

Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

FATF Says Nepal Remains on Grey List, Calls for Further Reforms

Before the onset of the pandemic, the tourist hotels in the district together used to make the transactions of Rs 10.5 million every day in the peak season. Other types of hotels also used to witnesss the transactions of similar amount on a daily basis.

Similarly, everyday income of the hotel entrepreneurs from additional touristic activities, including jeep safari, boat safari and elephant safari, used to around around Rs 3 million in total in the peak season.

A study shows that there are a total of 1,250 hotels and restaurents in the district in which 16,000 workers are engaged.

Chairperson of Regional Hotel association in Sauraha Chapter, Deepak Bhattarai, said,” We were hoping that the hotel business would revive, with at least domestic tourists visiting Chitwan during the upcoming Dashain festival and . “But, now we have lost our hope due to the protracted coronavirus pandemic,” he added.

Likewise, outgoing President Chairman of Regional Hotel Association Suman Ghimire said that the hoteliers would bear huge losses if they resume their business until the favourable environment was fully restored. He said that both the businesspersons and labourers were on the same boat during this sorry state. “All the labourers are laid off. Their daily life is severely affected,” Ghimire added.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Nepal Partially Reopens Registration of Public Transport Vehicles

by CEO Tab
June 23, 2026
0
Nepal Partially Reopens Registration of Public Transport Vehicles

The Department of Transport Management (DoTM) under the Ministry of Physical Infrastructure and Transport has partially lifted its indefinite suspension on the registration of public transport vehicles. According...

Read more

Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

by CEO Tab
June 23, 2026
0
Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

Nepal's total foreign trade increased by 14.78 percent during the first eleven months of the current fiscal year 2025/26 (2082/83 BS), reaching Rs 2.172 trillion, according to the...

Read more

FATF Says Nepal Remains on Grey List, Calls for Further Reforms

by CEO Tab
June 23, 2026
0
FATF Says Nepal Remains on Grey List, Calls for Further Reforms

The international anti-money laundering watchdog, the Financial Action Task Force (FATF), has confirmed that Nepal will remain on its monitoring or "grey list", stating that although the country...

Read more

Government Intensifies Efforts to Revive Long-Shuttered Hetauda Textile Industry

by CEO Tab
June 23, 2026
0
Government Intensifies Efforts to Revive Long-Shuttered Hetauda Textile Industry

The government has accelerated efforts to revive the long-defunct Hetauda Textile Industry, with field inspections and technical assessments gaining momentum as authorities move ahead with plans to restart...

Read more

Commercial Banks’ CD Ratio Falls Sharply Amid Weak Loan Demand

by CEO Tab
June 22, 2026
0
Commercial Banks’ CD Ratio Falls Sharply Amid Weak Loan Demand

The credit-deposit (CD) ratio of Nepal's commercial banks has declined significantly, reflecting the banking sector's growing difficulty in expanding lending despite ample liquidity and falling interest rates. According...

Read more
Next Post
DCSCP collects Rs 4 million in fines

Federation calls for waiverof business house rent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.