Most hotels turn negative profits due to decline in operating volumes

लगानी न्यूज

४ जेष्ठ २०८३, सोमबार ०७:४१May 18, 2026

. In the third quarter of the current fiscal year 2082/83, the profit of most of the hotels and tourism-related companies in Nepal has been negative. During this period, the hotel industry has been severely affected due to the decrease in operating income and the slowdown in tourism activities due to the impact of the Genji movement.

Meanwhile, Kalinchowk Darshan has improved significantly to Rs 4.96 crore, an increase of 314 percent over the previous year.TAG_OPEN_div_19 Overall, the total profit of all the companies was flat at Rs 26.18 crore, down 75.89 per cent from Rs 1.08 billion in the previous year.

According to the financial details available, Soaltee Hotel has increased its profit by 12.18 percent to Rs 550.7 million from Rs 49.90 crore in the same period of the previous year.TAG_OPEN_div_17 But the condition of many other hotel companies is weak.

Taragaon Regency has a loss of Rs 14.TAG_OPEN_div_15 48 crore. The company had posted a net profit of Rs 33.75 crore in the previous fiscal year. Similarly, Oriental Hotel has also incurred losses in the third quarter of the current fiscal year.

Similarly, Chandragiri Hills Hotel has incurred a loss of Rs 93 lakh, which was a significant profit last year.TAG_OPEN_div_13 City Hotel has incurred a loss of Rs 13.87 crore while Bandipur Cable Car and Tourism has also incurred losses.