First Business News Portal in English from Nepal
KATHMANDU: Soaltee Hotel, one of the five star hotels in Kathmandu, is set to cut off 40 percent of its human resource due to lack of business.
Citing that the hotel remained closed for long throughout the lockdown and tourism activities will not resume properly for at least next one year, the hotel has adopted policy to cut off its staffs.
As per the hotel, staffs will be encouraged voluntary retirement with good payment. The hotel currently has 325 staffs.
Similarly, Hotel de l’ Annapurna, another 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.
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