Nepal's Hotel Industry Seeks Measures After Losing Billions

NEPAL'S HOTEL INDUSTRY on Saturday urged the government to implement "confidence-building measures" for the sector after suffering a loss of NRs 25 billion during the Gen Z protests.

- PRESS TRUST OF INDIA

NEPAL'S HOTEL INDUSTRY on Saturday urged the government to implement "confidence-building measures" for the sector after suffering a loss of NRs 25 billion during the Gen Z protests. "We need some tax exemption on building materials, guarantee of security and confidence-building measures on the part of the government," said Binayak Shah, president of the Hotel Association of Nepal on Saturday.

The hotel industry suffered a loss of NRs 25 billion with two dozen hotels vandalized or burnt on September 7 and 8, Shah said.