Five-star Yak & Yeti will be investing nearly Rs 800 million on renovation and refurbishing of its standard rooms, according to Bharat Joshi, resident manager of the hotel. “We haven’t renovated our standard rooms for the past 32 years. We want to do it in the New Nepali year 2070 BS,” said Joshi, “We will also add new modern amenities.”

The hotel plans to spend nearly Rs 500 million for the renovation of the 110 standard rooms it has. “The remaining amount will be spent on the amenities and kitchen and laundry services,” he added. Earlier, Yak & Yeti was planning to add 100 new rooms. But now that plan has been put off. “New rooms will be added when we achieve better occupancy rates,” he said. The hotel had an occupancy rate of 66 per cent in 2012 and plans to raise it to above 68 per cent in 2013.