Kathmandu: The Hotel Association of Nepal (HAN) has called on Nepal Rastra Bank to craft a monetary policy that will effectively implement the programs announced for the tourism sector and hotel industry in the fiscal year 2082/83 budget.
According to National News Agency Nepal, a delegation from HAN met with Nepal Rastra Bank Governor Dr. Bishwanath Poudel, urging the adoption of a policy conducive to the development of the tourism and hotel sectors. During the meeting, Association Chair Binayak Shah presented a suggestion letter advocating for the recognition of the hotel industry as a national priority industry. The letter outlines the need for the hotel sector to receive exemptions and facilities akin to those granted to special and manufacturing industries, and recommends that loan interest rates be capped at no more than one percent above the base rate.
Chair Shah also highlighted the importance of promoting regional tourism by facilitating payment options for tourists from Bangladesh and Sri Lanka using their local currencies.