Tourism Group Expands in Stock Market with New Company Listings

The tourism sector in the stock market is gradually expanding. Previously, only three hotel companies were listed, but now with the inclusion of cable car and aviation companies, both the scope of the group and market participation have increased. Earlier, only three companies—Soltee Hotel, Oriental Hotels Ltd. operating Radisson, and Taragaon Regency managed by Hyatt Regency—were present in the capital’s market.Recently, Chandragiri Hills Limited, backed by the IME Group, has become operational, incorporating cable car and hotel infrastructure. Its lock-in period has ended, and the company has distributed a 5% dividend this year. In 2080 BS, Kalinchok Darshan Limited and City Hotel Limited (operating under Hyatt Centric brand) were also listed, with their lock-in periods now ending.This fiscal year alone, Bandipur Cable Car and Tourism Limited and Hotel Forest Inn Limited have entered the stock market. NEPSE’s grouping of tourism-related companies has expanded trading, now including hotels, cable cars, and aviation firms.Currently, eight companies are listed under the tourism group in NEPSE, while sixteen more are in the IPO pipeline. Recently, Sri Airlines applied to SEBON to issue 6.3 million shares at a premium of NPR 200. Kailash Helicopter, Prabhu Helicopter, and Yeti Airlines are also moving forward with IPO processes. Five-star hotels such as Akama, Varnavas Museum, Ichha, Apex Hospitality, Annapurna Cable Car, Thamel Plaza, Mountain Glory, Maulakalika Cable Car, Nagarkot Resort, Hotel Sabrina, Holiday Inn Express, Atithi Resort & Spa, and Hotel Park Land have also applied for share issuance. Investment opportunities in the tourism group are increasing, showing a significant impact on the stock market.