The Tata Group company conveyed to the staff at a town hall meeting that it will bid to run the hotel and that there will always be opportunities for them in the group.
Nepal is the second overseas market for OYO, after its debut in Malaysia in January 2016 where it has grown to 200 hotels.
The petitioners, who had paid the five year liquor license fee before Decem ber 15, 2016, were seeking a resumption of operations till September 30 this year.
The next decade is a time of major expansion in India: Christopher J Nassetta, president and CEO, Hilton
India has huge outbound potential, and has emerged as the second fastest growing outbound market after China, where outbound travel could grow to 50 million travellers per year by 2020.
"Yet most of these companies have very little control over what they spend on business travel – a significant chunk of their total spend."
Hassan Madah – Director, Israel Ministry of Tourism India said, “India is one of the world's fastest-growing outbound tourism markets and an important emerging market for us.
Federartion of Hotels and Restaurant Association of India said it is legally examining the matter and will make its representation to the ministry of consumer affairs.
The court also said that the "blemish-free" record of Tata Group firm IHCL may be taken into account by NDMC while auctioning the iconic property.
Gofro said the move will create a platform for large tour operators to gain access to more travellers and mid-sized players to move beyond a particular region player and reach out to new markets.
Hit by the SC order banning liquor sale along highways, the hoteliers said the UT administration’s decision to maintain Madhya Marg as a highway was discriminatory.
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