Following viral images of the Hilton hotel getting burnt to ashes in Kathmandu and reports of damages being inflicted on a Hyatt property, most Indian and global hotel chains operating in Nepal have said all their guests and staff members are safe.
They are hopeful of operations returning to normalcy in a few months, after former chief justice Sushila Karki took oath as Nepal’s interim prime minister on Friday.
Hospitality and travel companies have been on the edge following harrowing reports of Indian tourists getting stranded in Nepal due to violent Gen Z protests and the Hilton hotel being set ablaze.
In a statement, Hilton said guests and team members were safely evacuated from the premises and no injuries have been reported so far.
CG Hospitality, the biggest hospitality group in Nepal, said all its guests and staff members are safe.
“We managed to fend off outsiders from coming in,” said Rahul Chaudhary, managing director of CG Hospitality Global and CG Corp. “While we have suffered extensively in our other businesses, no damage has been inflicted on our hotels,” he said.
CG Hospitality owns IHCL's Vivanta hotel in Kathmandu besides four other hotels in Nepal. Three of their properties are managed by IHCL. Globally, CG Hospitality has almost 210 hotels, spanning 15,000 keys across 12 countries.
“Our staff members are coming back on site,” Chaudhary said. “While we expect the next six months to be uncertain, we are hopeful and looking forward to what is to come.”
He said with Nepal’s first female prime minister appointed, “life is slowly returning to normalcy.”
Ajay Bakaya, chairman of Sarovar Hotels and director at Louvre Hotels India, said he expects a three-month temporary blip in operations in Nepal.
“It's a temporary setback and luckily, we have seen no damages to property or life. I think the worst is over for the country and the interim prime minister has a good reputation of being incorruptible,” he said. “Our upcoming projects will get delayed and the season is about two months away, but the business should start coming back gradually.”
Bakaya said his firms have three operating hotels in Nepal, “and our Royal Tulip hotel in Kathmandu is the largest in the country.”
Wyndham Hotels & Resorts, which operates two properties in Kathmandu, is closely monitoring the situation, its Eurasia market managing director Rahool Macarius said. Both the hotels “remain secure, fully operational,” he said.
Macarius said he is “cautiously optimistic” that stability will return to Nepal in the coming months, and that the chain remains vigilant and ready to adapt as needed.
As per data Noesis Capital Advisors shared with ET, Nepal has about 27 branded hotels. Kathmandu has the maximum supply, with properties of chains such as Marriott, Hyatt, Hilton, Lemon Tree, Accor, Wyndham and IHCL.
Birgunj has been on the radar of hotel chains with hotels of Sarovar, Radisson, Clarks, and Lords in the pipeline, Noesis said.
They are hopeful of operations returning to normalcy in a few months, after former chief justice Sushila Karki took oath as Nepal’s interim prime minister on Friday.
Hospitality and travel companies have been on the edge following harrowing reports of Indian tourists getting stranded in Nepal due to violent Gen Z protests and the Hilton hotel being set ablaze.
In a statement, Hilton said guests and team members were safely evacuated from the premises and no injuries have been reported so far.
CG Hospitality, the biggest hospitality group in Nepal, said all its guests and staff members are safe.
“We managed to fend off outsiders from coming in,” said Rahul Chaudhary, managing director of CG Hospitality Global and CG Corp. “While we have suffered extensively in our other businesses, no damage has been inflicted on our hotels,” he said.
CG Hospitality owns IHCL's Vivanta hotel in Kathmandu besides four other hotels in Nepal. Three of their properties are managed by IHCL. Globally, CG Hospitality has almost 210 hotels, spanning 15,000 keys across 12 countries.
“Our staff members are coming back on site,” Chaudhary said. “While we expect the next six months to be uncertain, we are hopeful and looking forward to what is to come.”
He said with Nepal’s first female prime minister appointed, “life is slowly returning to normalcy.”
Ajay Bakaya, chairman of Sarovar Hotels and director at Louvre Hotels India, said he expects a three-month temporary blip in operations in Nepal.
“It's a temporary setback and luckily, we have seen no damages to property or life. I think the worst is over for the country and the interim prime minister has a good reputation of being incorruptible,” he said. “Our upcoming projects will get delayed and the season is about two months away, but the business should start coming back gradually.”
Bakaya said his firms have three operating hotels in Nepal, “and our Royal Tulip hotel in Kathmandu is the largest in the country.”
Wyndham Hotels & Resorts, which operates two properties in Kathmandu, is closely monitoring the situation, its Eurasia market managing director Rahool Macarius said. Both the hotels “remain secure, fully operational,” he said.
Macarius said he is “cautiously optimistic” that stability will return to Nepal in the coming months, and that the chain remains vigilant and ready to adapt as needed.
As per data Noesis Capital Advisors shared with ET, Nepal has about 27 branded hotels. Kathmandu has the maximum supply, with properties of chains such as Marriott, Hyatt, Hilton, Lemon Tree, Accor, Wyndham and IHCL.
Birgunj has been on the radar of hotel chains with hotels of Sarovar, Radisson, Clarks, and Lords in the pipeline, Noesis said.
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