First Business News Portal in English from Nepal
KATHMANDU: Hotel de l’ Annapurna, a Kathmandu-based five star hotel with 50 years of legacy, is all set to remain close for certain period owing to the hotel’s inability to bear expenses of staffs and other administrative costs.
“More than 40 percent of the revenue is being spent on staffs in recent months. We can run hotel only by spending 20 percent of the revenue on human resources,” informed Shreejana Rana, executive director of the hotel.
She informed that the hotel has been closed for a long time due to the pandemic and foreign tourists are not visiting the country which has troubled operation of the hotel. “Thus, we are giving voluntary retirement to majority of our staffs and shutting down the hotel,” said Rana.
Currently, there are 360 staffs in the hotel and 45 of them have already retired.
However, Rana informed that the hotel will resume operation in a new structure and mechanism in an appropriate time.
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