Hotels In Kathmandu Record Profit

Kathmandu,June 04 : Most hotels in the Kathmandu Valley posted record profits as of the third quarter of the fiscal year on increased arrivals and occupancy, despite a sharp drop in average daily expenditure of tourists. Among the three hotels listed on the Nepal Stock Exchange which have published their financial reports for the third quarter ending mid-April, Soaltee Hotel and Taragaon Regency Hotels generated runaway profits while Oriental Hotels saw a decline in profit due to an increase in expenses.

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