Nepal's Bust of a Peak Season
Skift Take
- Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year.
- Asset World Public Company Limited signed a hotel management agreement with IHG to launch the Kimpton Pattaya and further demonstrate confidence in Thailand’s tourism industry.
- ANA Holdings and IHG ANA Hotels Group Japan signed a comprehensive commercial agreement.
Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of small and medium-sized hotels have closed as they had not expected the industry to slow down to this level. This is the peak tourist season where foreign thrill seekers flock into the country to go trekking or mount expeditions into the Himalayas. The association said the tourism recovery had reached 50% of pre-Covid levels. When the government announced they were building two international airports, the hotel industry went on a building boom, with billions of rupees being poured into dozens of hotel projects across the country. In 2017 there were three 4-star properties, now there are 20. An international airport has been constructed but tourists are not coming d
