Gen-Z Protests Cause Over NPR 25 Billion Losses in Hotel Sector

Kathmandu – The Hotel Association Nepal (HAN) has reported that nearly two dozen hotels across the country suffered massive damages during the recent Gen-Z protests.

According to preliminary estimates, the total loss exceeds NPR 25 billion. Prominent domestic and international brand hotels operating in Kathmandu Valley, Pokhara, Butwal, Bhairahawa, Jhapa, Biratnagar, Dhangadhi, Mahottari, Dang, and other regions were directly affected.

HAN stated that Hilton Hotel in Kathmandu alone suffered damages worth over NPR 8 billion, and when combined with other affected properties nationwide, the losses are estimated to cross NPR 25 billion.

The association further highlighted that the damaged hotels cannot resume operations without major repairs and reconstruction, directly affecting the livelihoods of more than 2,000 workers and staff. With the festive season approaching, hotels are also facing challenges in meeting their loan and financial obligations with banks and other institutions.

In a statement, HAN stressed: “Amidst the sacrifices made by youth for good governance, development, and fundamental reforms, the extensive damage to the hotel sector must undergo immediate judicial investigation.” The association has demanded the formation of an effective judicial committee, punishment and compensation for those responsible, and a special financial package from the government for hotel repair and reconstruction.

Private Sector and FNCCI Call for Security and Stability

Meanwhile, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) urged the government to ensure peace, security, and uninterrupted business operations. FNCCI acknowledged the concerns raised by the youth on issues such as good governance, anti-corruption, employment, self-employment, and effective use of revenue, calling for rational solutions to move the nation toward prosperity.

The federation strongly condemned the vandalism and arson targeting industries, businesses, offices, and residences of entrepreneurs during the protests. Preliminary assessments suggest that nationwide industries and businesses suffered losses worth billions of rupees, which will have a serious impact on revenue collection and the Gross Domestic Product (GDP).

FNCCI demanded the inclusion of private-sector representatives in security committees at federal, provincial, and district levels, uninterrupted supply of essential goods during curfews, and the reopening of customs checkpoints to facilitate import-export activities. It also urged businesses across the country to ensure a regular supply of quality goods and prevent shortages in the market.