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Illam’s Tourism Entrepreneurs Losses Millions Due to Lockdown

Illam’s Tourism Entrepreneurs Losses Millions Due to Lockdown
– Nepalayatimes

Illam's Tourism Entrepreneurs Losses Millions Due to Lockdown
Illam’s Tourism Entrepreneurs Losses Millions Due to Lockdown

Ilam – The hotel and transport business in the tourism destination Ilam has been severely affected due to the three-and-a-half-month lockdown. Entrepreneurs who have invested millions of rupees in hotels and vehicles have incurred loss due to the lockdown.

The hotels that were crowded with tourists are deserted, while the vehicles that always seem to be full of passengers are parked in the yard of the businessman’s house. Thousands of people have lost their jobs in these areas due to lack of business. Some workers have even lost their jobs. The investment of hotels opened targeting the upcoming ‘Tourism Year 2020’ has sunk. According to hoteliers, a new investment of Rs 300 million was added in the district’s hotel targeting the tourism year. However, the businessmen have complained that the hotels have incurred losses as they could not get up after the construction was halted.

Devi Poudel, District Chairperson of the Hotel Association, says that the entrepreneurs are in trouble to repay the bank loan as they are not able to run the business as soon as they invest. ” Previously, Investment in hotels was increased as the tourism business continued to flourish in Ilam,” Poudel said.

According to the association, there are 450 hotels and restaurants in the district. Of these, 60 are large, 200 are medium and 190 are small. These hotels and restaurants alone employed more than 2,370 people. “The hotel business is losing about Rs 226.2 million a month,” Poudel said. The new entrepreneur has taken out a loan of Rs 1 to 100 million and invested in the hotel, according to the association. Chairman Poudel says, “Entrepreneurs who have lost their investment due to lack of physical construction of the hotel are looking for relief day and night.” However, so far no one was able to find the solution. The pain of a businessman who runs a hotel by renting a house is even more astonishing, ”Poudel said.

It is estimated that the transport businessmen of the district have incurred a loss of more than Rs 150 million during the period. According to businessmen, no vehicle can run unless it makes a profit of at least Rs 2,000 a day. Eastern Jeep and Taxi Entrepreneur Pvt. Ltd. Chairman Grishma Subba says that a vehicle should save at least Rs 2000. “The usual expenses are being incurred even during the lockdown period,” he says, “but the income is zero.”

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