The Nepal Stock Exchange (NEPSE) Index experienced a decline of 14.83 points today, a decrease of 0.72%, closing at 2,037.09 points. This follows a loss of 8.24 points in the previous trading session, indicating a continuing downward trend in the market.
The Hotels and Tourism Index also saw a decrease, falling by 21.04 points, a 0.40% decline, closing at 5,238.93 points. This is in addition to the previous session’s loss of 27.03 points, reflecting ongoing challenges in the sector.
The trading day began with the Hotels and Tourism Index at 5,259.99 points. It reached an intraday high of 5,278.21 points but subsequently dropped to an intraday low of 5,237.38 points before closing at 5,238.93 points.
The decline in the Hotels and Tourism Index highlights the sector’s current difficulties, which may be influenced by broader economic conditions and specific challenges faced by the tourism industry in Nepal. Market analysts suggest that the ongoing downward trend could be a result of fluctuating tourist arrivals and uncertainties in the global travel market.
As the tourism sector is a significant contributor to Nepal’s economy, stakeholders are closely monitoring these developments. Efforts to boost tourism and attract more visitors are essential to stabilizing and revitalizing the Hotels and Tourism Index in the coming months.