World Business

USAID shutdown triggers 40pc drop in Nepal’s star hotel business

KATHMANDU: The USAID shutdown in Nepal has triggered a seismic 40% drop in business for star hotels and cafes, slashing a vital revenue stream tied to NGO and INGO staffers who once fueled Nepal’s luxury hospitality sector. From five-star giants like Hilton Kathmandu and Marriott Hotel Kathmandu to boutique...

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