Hotel occupancy dips in 2013

HyattNepal’s five-star hotels encountered a glut of rooms in 2013 due to a proliferation of new accommodation ranging from guest houses to home stays which pulled away potential customers from luxury properties.

According to preliminary statistics produced by the Tourism Ministry in coordination with Hotel Association Nepal, luxury hotels achieved an average occupancy of 58.85 percent last year, down from 62.76 percent in the previous year. Continue reading