Hospitality sector eyes strong growth as tourists return
Kathmandu, Feb. 17 -- Most of Nepal's luxury hotel operators have swung back into profit, boosted by a recovery in tourist arrivals after the Covid pandemic.
The Soaltee Hotel posted a net profit of Rs263 million in the first half of the current fiscal year that ended mid-January, according to its second-quarter company analysis report published by the Nepal Stock Exchange.
The report shows that Soaltee's net profit increased by 6.64 percent year-on-year.
In terms of revenue, the hotel earned a record Rs1.05 billion in the review period, up 9.44 percent.
The hotel said in its analysis that the robust growth in tourist arrivals in the September-November period helped it boost the revenue. "There has been a significant rise in tourists ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.