Hotels in Nepal losing Rs 1.8 billion to Covid-19 every month

File: Hotel Annapurna, one of the biggest hotels in Nepal, has been closed after the Covid-19 pandemic.

Kathmandu, April 4

It has been more than one year since the Covid-19 pandemic began taking its toll on Nepali hoteliers. But still, the pandemic is causing a loss of Rs 1.8 billion every month on a regular basis, claim the entrepreneurs.

During the 47th annual general meeting of the Hotel Association Nepal, the organisation shared some data about the pandemic’s impact on the hospitality industry in Nepal.

The organisation’s president Shreejana Rana says many of the hotels in the country are still closed.

Hoteliers have invested Rs 1.5 trillion in the country’s hotel industry, the organisation says, adding they, however, are yet to pay debts worth Rs 300 billion to various banks in total.

Rana informs the sector contributes 7.8 per cent to the country’s gross domestic product whereas gives employment to one million people.

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