Lumbini Region Sees Surge in Investment in Hotel Industry

  300 times read   3 min 31 sec to read
Lumbini Region Sees Surge in Investment in Hotel Industry

August 20: Dreamland Gold Resort of Manigram in Tilottama-5, Rupandehi invested a capital of Rs 200 million to upgrade the resort into four-star category.

Tiger Palace Resort, a five-star hotel in Kotihawa of the same municipality, is in operation since the last two years.

This resort established with an investment of Rs 5 billion by Hong Kong-based Silver Heritage Group is arguably the biggest hotel outside Kathmandu in terms of investment.

Tiger Palace Resort is spread across 15 bigha land (approx 6 acre).

Likewise, Pawan Group is investing Rs 1 million for construction of a hotel in the birthplace of Lord Buddha.

These are just a few examples of growing number of hotels in this region.

There are about a dozen new first-class hotels in Butwal, Bhairahawa and Lumbini areas. Even average hotels have upgraded their service to meet the growing demand of tourists in the region.

Hotel and Restaurants Association of Rupandehi informed New Business Age that around 40 star-hotels are currently under construction in the region.

Most of the roadside houses along Butwal-Bhairahawa-Lumbini route have been converted into hotels.

The hotel business is mushrooming in the Lumbini area since the last few years, thanks to the growing number of visitors.

Domestic and foreign investors have shown keen interest to invest in the hotel industry in this region because of the popularity of this area among tourists and the construction of Gautam Buddha International Airport. Other factors that have lured investors include declaration of Butwal as the capital of Province 5 and the international-level exhibitions being held here.

Samundra GC, chairman of Hotel and Restaurant Entrepreneurs Association, Rupandehi believes that the operation of international airport in the region in near future will result in massive inflow of Buddhist pilgrims from around the world.

Chandra Prakash Sharma, central committee member of Hotel Association of Nepal says that the favourable environment for tourism has encouraged investors to pour their money in this sector.

No comments yet. Be the first one to comment.