NTY 2011 creates optimism in hotel business

Nepal Tourism Year 2011 is giving all needed impulse to the country’s hotel industry. Hotels, which were shutdown, are being reopened. Their criteria’s are being revisited to please the Ministry of Tourism and Civil Aviation (MoTCA) directives. recent hotels’ registration is up in expectation of a boom time. And, overseas investments in the hotel sector are standing out at a time when the economy has not seen much FDI flow in current times.
Mr. Harihar Lal Shrestha, Managing Director of Hotel Woodlands Pvt Ltd said, “We are spending Rs 10 million on renovations only.”

Kathmandu-based Hotel Woodlands is in the way of rebirth after being out of service for 3 years. The hotel was shutdown in 2007. The 4 star hotel is in the process of reconstruction with graded increasement being the most significant consideration.

MoTCA information uncovers that recent hotel booking has enhanced to 1,122 in 2009-10. Many of the new hotels are outside the valley.

A market watcher said that in Kathmandu, many of these recent hotels are under- construction while some closed amenities are being resurrected. reinforcement of operation in the hotel sector is apparent.
Lumbini, which draws Buddhists from China, Japan, Sri Lanka among other nations, has 3 new hotels with foreign impartiality in the pipeline. One of them is Lumbini Hotel Kasai which is having Chinese investments.
Another hotel going through substructure development is Lumbini Hokke Hotel. Hotel Devotee at Dhangadhi is another hotel in the way of concluding its standards. At Nepalgunj, 1 star Hotel Sneha is evolving its infrastructure to promote itself to a 3 star status.

Mr. Madhav Om Shrestha, Executive Chairman of Hotel Association of Nepal said that the private sector is agitated about the tourism year and tackling up for it.