South Asian Business news and information

There is nothing to be shocked about this news. Nepalese economy is dependent on tourism and almost 7 of the top 10 mountain peaks in the world are in Nepal. So, it is natural that during time of economic recession the tourism industry is suffering. Nepal may be a very poor country but it has some excellent hotels. It is not only the economic recession that is creating all the problem. Electricity is a problem for the hotels too as Nepal cannot produce enough electricity. 

Xinhua wrote:

  "Prolonged hours of power-cut, strikes, insecurity and labour unrest are seriously affecting the hotel business in Nepal this time", Prashiddha Bahadur Pandey, President of the HAN told Xinhua on Monday.

    Besides these domestic irregularities, the hotel industry is also suffering due to the cascading effects of the global economic meltdown," he added.

    At the time when the business communities in Nepal have asked the government to help to tackle the adverse business climate, the HAN has also articulated the hardship in the hotel industry.