Himal Press 
KATHMANDU: Although tourist arrivals are increasing and are on course to hit the pre-COVID levels this year, listed companies in the hotel and tourism sector experienced sharp financial stress in fiscal year 2025/26.
Financial statements for the 2025/26 fiscal year of eight hotels and tourism sector companies listed on the Nepal Stock Exchange (Nepse) show their combined revenue fell by 14.5% to Rs 6.05 billion. In 2024/25, these companies had reported a combined revenue of Rs 7.08 billion.
As a result of revenue decline, these companies posted a net loss of Rs 283.1 million in 2025/26, compared to a profit of Rs 993.4 million.
The sector’s heavy swing into negative territory is largely due to Taragaon Regency Hotels, which operates the Hyatt Regency Kathmandu. The five-star property has remained shut since the September 2025 protest during which it suffered severe damage from vandalism, arson and looting. The hotel’s total revenue dropped from Rs 1.73 billion to mere Rs 416.2 million. The hotel reported a net loss of Rs 705.7 million in 2025/26, down from a profit of Rs 468.5 million in the previous fiscal year.
The hotel is currently undergoing repair and rehabilitation works.
Chandragiri Hills Ltd, which operates a cable car and a luxury resort in Kathmandu’s Chandragiri hills, also saw its revenue slip to Rs 626.5 million in 2025/26 from Rs 721.7 million in the previous fiscal year. The property also suffered physical losses during last September’s protest.
The company has resumed operations after necessary repairs.
The company’s net profit fell to Rs 82.4 million from Rs 721.7 million in the previous fiscal year.
Oriental Hotels, which operates the Radisson Kathmandu Hotel, also saw revenue decline from Rs 1,088.6 million to Rs 1,028.1 million in 2025/26. The company reported a net loss of Rs 47.4 million in 2025/26, down from a net profit of Rs 43.7 million in the previous fiscal year.
City Hotels Ltd, which operates Hyatt Centric, and Bandipur Cable Car also reported losses in the review year. However, both companies have reduced their net losses compared to the previous fiscal year. City Hotel’s net loss narrowed to Rs 173 million from Rs 198.4 million in 2024/25. Similarly, Bandipur Cable Car’s net loss came down from Rs 17.2 million to Rs 13.6 million in 2025/26.
Hotel Forest Inn reported a widening of net loss despite revenue increasing from Rs 136.6 million to Rs 196.3 million in 2025/26. The company’s net loss increased to Rs 244.5 million.
Soaltee Hotel Ltd and Kalinchowk Darshan Ltd bucked the trend, posting net profits in 2025/26. Soaltee’s revenue climbed from Rs 2.77 billion to Rs 3.14 billion during the review year. Its net profit increased by 16.5% to Rs 761.1 million. The company had posted a net profit of Rs 653.2 million in the previous fiscal year.
Kalinchowk Darshan doubled its net profit to Rs 57.6 million in 2025/26 from Rs 28.1 million in the previous fiscal year. The company’s revenue increased from Rs 76.3 million to Rs 85.9 million, driven by a rise in visitor numbers to the Kalinchowk temple.
The company operates a cable car service to the temple.
