Nepal’s hotel sector suffers extensive damage in protests
KATHMANDU, Sept. 13 (Xinhua) -- Nepal's hotel sector has suffered losses of 25 billion Nepali rupees in recent protests across the country, the industry Kenya breaking news | Kenya news today |..
✨ Key Highlights
Nepal's hotel sector has incurred significant financial losses exceeding 25 billion Nepali rupees due to recent protests across the country. Numerous hotels, including international brands, sustained extensive damage from vandalism and arson attacks on September 9.
- Nationwide losses from the protests are projected to exceed 25 billion rupees, with damage to the Hilton Hotel in Kathmandu alone estimated at over 8 billion rupees.
- The Hotel Association Nepal released a statement detailing the damages and appealed for a relief package to aid the affected hotels.
- Nearly two dozen hotels, encompassing both domestic and international brands, were extensively damaged in the attacks.
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Fitch Downgrades France's Rating, AstraZeneca Pauses UK Investment, and Protests Damage Nepal's Hotel Sector - September 2025
Rating agency Fitch downgraded France’s long-term sovereign credit rating from AA- to A+, citing the nation's high government debt and political fragmentation. In the United Kingdom, AstraZeneca has paused plans for a £200 million investment at a Cambridge research site, a move that would have created 1,000 jobs and follows a similar withdrawal by US firm Merck. Separately, Nepal's hotel sector has suffered significant financial losses exceeding 25 billion Nepali rupees due to recent protests. Numerous hotels experienced extensive damage from vandalism and arson attacks on September 9.
