Analyzing the impact of Сovid-19 on the hotel industry in Nepal

Abstract

COVID-19 pandemic has significantly affected the tourism and hospitality sectors across the globe. Due to the increase in the number of COVID positive cases, governments of countries have imposed strict lockdown globally as a precautionary measure to control the spread of the coronavirus, which has led to restrictions on travel and mobility of individuals from one place to the other. One of the countries that have been severely affected due to the lockdown is the economy of Nepal. Being a tourist-friendly nation, every year, Nepal's tourism and hospitality sector contributes significantly to its GDP. With a restriction on travel and cancellation of bookings, one of the most important departments under this sector, the hotel industry, is currently struggling to survive due to loss of revenue. The present study tries to understand the challenges and strategies planned by the hotel industry stakeholders in Nepal. A primary survey conducted with hoteliers from 10 hotels reveals major concerns about maintaining a steady financial performance and expectations for government aid to help this sector come back to normalcy.

Imprint

Shribatsa Shah, Hirak Dasgupta, Sanchari Debgupta. Analyzing the impact of Сovid-19 on the hotel industry in Nepal. Cardiometry; Issue 22; May 2022; p.244-250; DOI: 10.18137/cardiometry.2022.22.244250; Available from: https://www.cardiometry.net/issues/no22-may-2022/analyzing_impact_Сovid-19