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’s Trade Costs 44% Higher Than SAFTA Average: Govt Report

APF Tightens Border Monitoring to Curb Revenue Leakage

FDI Commitments Near Rs 41.79 Billion in Nine Months

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’s Trade Costs 44% Higher Than SAFTA Average: Govt Report

by CEO Tab
April 16, 2026
0
“Issues of price increment of petroleum goods will be resolved”

Nepal’s trading cost is 44 percent higher than those of member countries of the South Asian Free Trade Area (SAFTA), according to a new government report highlighting deep-rooted...

Read more

APF Tightens Border Monitoring to Curb Revenue Leakage

by CEO Tab
April 16, 2026
0
Exports of Nepali goods double in four months

The Armed Police Force (APF) Nepal has intensified monitoring at eastern border customs points, including Kakarbhitta, in a bid to control revenue leakage. The move follows growing concerns...

Read more

FDI Commitments Near Rs 41.79 Billion in Nine Months

by CEO Tab
April 16, 2026
0
FDI commitment declined 60% during five months

Foreign Direct Investment (FDI) commitments in Nepal have reached nearly Rs 41.79 billion in the first nine months of the current fiscal year, according to the Department of...

Read more

Nationwide Economic Survey Begins, 5,000 Personnel Deployed

by CEO Tab
April 15, 2026
0
Nepal’s Second Economic Census to Begin on March 15

The second nationwide economic survey has commenced today, with the National Statistics Office (NSO) confirming that enumerators and supervisors have already been deployed to their assigned areas. The...

Read more

Govt Unveils Ambitious Plan for 7% Growth and $100 Billion Economy

by CEO Tab
April 15, 2026
0
OPMCM

The government has pledged to achieve an average economic growth rate of 7 percent over the next five years, with targets to raise per capita income to $3,000...

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.