KATHMANDU: XcelTrip Global has established its new subsidiary venture in Nepal as XcelTrip Nepal to empower and consolidate hospitality industry of Nepal.

Having 1.5 million hotels and 400 airlines onboard globally, XcelTrip is one of the fastest growing online travel platforms in the world. XcelTrip has presence in over 14 nations with ability to reach out to millions of travelers worldwide.

XcelTrip Nepal has partnered with Nepal Tourism Board (NTB) to promote Nepal’s Tourism and Visit Nepal 2020 to shoulder the mutual mission of 2 million.

One of aims of XcelTrip is to attract millions of travelers to Nepal from around the world to supplement effort made by the government to bring in 2 million tourists on the occasion of Visit Nepal 2020, the company said.

XcelTrip is a promoted by Gyanendra Khada, a Silicon Valley based Nepali entrepreneur who has invested in over 15 startups worldwide. “Our vision is to make Nepal on the top 10 global travel destination and drive in-bound travel  and economic growth in Nepal by leveraging the power of technology and tourism” said Khadka.

XcelTrip Nepal is a home-grown online hotel and airlines booking engine employing local and foreign professionals/engineers adopting advanced technology and marketing skills to connect them directly to domestic and International travelers.

XcelTrip charges 0% commission to help hotels and flight to gain higher profit disrupting monopoly of certain global players (Booking.com, Agoda, Expedia etc).

Another significant aspect of XcelTrip Nepal is that a Nepali national can book international hotels and flight tickets using visa and master cards issued by Nepali local banks and E-Sewa lessening the hassle while travelling abroad.

XcelTrip reaches out to all hotels and homestays and empowers them digitally to manage online booking.

Nepal Rastra Bank has already given formal approval to transact foreign currency in Nepal through banks of Nepal. And, all payment settlements will be done in Nepal retaining foreign currency back in Nepal.

XcelTrip Nepal accepts Visa, Mastercard, Unionpay issued by the banks of Nepal and abroad and digital wallets of E-Sewa.

XcelTrip Nepal has already begun the process of onboarding hotels in Nepal.

“Since it is based in Nepal, it provides full customer and vendor service to both consumers and hotels to avoid the hassle. XcelTrip is committed for faster payment settlement with hotels,” the company said.