Yak & Yeti

What Yak & Yeti does

Hotel Yak & Yeti is a privately held luxury 5-star heritage hotel located at Durbar Marg in central Kathmandu, Nepal, founded on September 27, 1977, by Radhe Shyam Saraf with Boris Lissanevitch as the first 5-star hotel in Nepal. The property is built around the historic Lal Durbar (Red Palace), a 100-year-old Rana-era palace, and today operates 241 to 270 rooms and suites across categories ranging from Durbar Deluxe and Heritage Deluxe to Newari and Tibetan Presidential Suites. The hotel runs multiple ancillary revenue streams including The Chimney fine-dining restaurant (110 covers, fusion cuisine), Spice Room Indian restaurant (96 covers), the Lal Durbar Convention Centre with seven event halls including a 1,000-capacity Regal Ballroom, Casino Royale with over 32 gaming machines and 21 table games, Nirvana Spa, fitness center, swimming pool, tennis courts, a business center, A-1 Beauty Parlour, and an in-house travel desk offering tours and ticketing.

The business operates on a sales-led go-to-market model combining direct online booking via its Synxis-powered website, full GDS distribution (Amadeus, Sabre, Galileo/Apollo, Worldspan), and a dedicated sales team for corporate MICE, weddings, and social events. Revenue is generated through room bookings (subscription/recurring model for accommodation stays), food and beverage transactions, event and wedding venue hire, casino gaming, wellness and recreation services, and ancillary business center services. Customer segments include international luxury travelers, corporate MICE clients, luxury wedding clients, government and diplomatic visitors, and travel/tourism ecosystem partners. The hotel is owned and controlled by the Saraf family under Saraf Hotel Enterprises, which encompasses six companies and twelve luxury hotels across India and Nepal including Hyatt Regency properties.

Name

Yak & Yeti

Legal name

Yak & Yeti Hotel Ltd.

Website

https://yakandyeti.com

Company type

Private

Founded year

1977

Operating status

Operating

Short description

Yak & Yeti is Nepal's first 5-star heritage hotel, operating 241-270 rooms, multiple restaurants, a 1,000-capacity convention center, casino, spa, and travel services within the historic Lal Durbar palace in central Kathmandu, serving luxury leisure travelers, corporate MICE, weddings, and diplomatic guests since 1977.

Ownership category

akta.pro rank

Product category

Luxury Heritage Hotel

NAICS

Hotels (except Casino Hotels) and Motels (72111), Casino Hotels (721120)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)

akta.pro primary industry

Heritage & Palace Luxury Hotels (THAGACAF)

akta.pro secondary industry

Historic/Heritage Conference Hotels (THAGALAL)

Keywords

• Luxury hotel services
• Heritage hospitality
• Conference event venues
• Fine dining restaurants
• Wellness spa fitness

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Room Revenue: The hotel generates primary revenue from room bookings across 241-270 rooms including standard rooms, club rooms, suites, and presidential suites. Bookings are managed through direct website, GDS systems, and the Synxis booking engine.
2. Food & Beverage: Multiple dining outlets including The Chimney (fine dining, fusion cuisine, 110 covers), Spice Room (Indian fine-dining, 96 covers), pool bar, lobby bar, and coffee shop serving American-style buffet breakfast. Generates substantial revenue from in-hotel dining, private events, and external diners.
3. Events & Weddings: The Lal Durbar Convention Center with multiple halls (Regal Ballroom capacity up to 1000, plus Regency, Durbar, Dynasty, Crystal, Senate & Viceroy halls) serves as a major revenue driver for corporate conferences, exhibitions, luxury weddings, and social events. Professional event managers and sales team facilitate bookings.
4. Casino Royale: 24-hour casino operation featuring over 32 gaming machines and 21 table games, generating gaming revenue from hotel guests and external visitors.
5. Wellness & Recreation: Revenue generated from Nirvana Spa treatments (massage, sauna, steam, jacuzzi), fitness center access, swimming pool (exclusive to hotel guests and health club members), beauty parlour services, and travel desk services.
6. Business Center Services: Chargable services including internet, laptop/mobile phone hiring, international courier, printing, scanning, and meeting room usage (6 pax), offering additional ancillary revenue from business travelers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Hotel Yak & Yeti operates a luxury 5-star heritage hotel in central Kathmandu comprising 241-270 rooms and suites across eight categories from Deluxe Rooms to Presidential Suites. The property also offers two signature restaurants (The Chimney, Spice Room), seven event venues within the Lal Durbar Convention Centre (including a 1,000-capacity Regal Ballroom), Nirvana Spa, a fitness center, swimming pool, Casino Royale, and a business center — all anchored within the 100-year-old Lal Durbar palace.

Product overview

Yak & Yeti is a luxury 5-star heritage hotel in Kathmandu, Nepal, comprising 241 rooms and suites across multiple categories, from standard Deluxe Rooms to Presidential Suites featuring Newari and Tibetan cultural design elements. The hotel's product portfolio includes eight distinct room types, two signature dining venues (The Chimney fine-dining restaurant and Spice Room Indian restaurant), seven event venues within the Lal Durbar Convention Centre (including the 1,000-capacity Regal Ballroom and intimate Senate & Viceroy rooms), and comprehensive wellness facilities featuring Nirvana Spa, fitness center, and swimming pool. Additional services include a 24-hour Business Center, Casino Royale gaming facility, A-1 Beauty Parlour, and Travel Desk. The property blends heritage palace architecture with modern luxury amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• Durbar Deluxe Room

Named customers30 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Radisson Hotel Kathmandu: International luxury brand operating in Kathmandu with modern 5-star amenities. Competes for inbound international corporate and leisure demand, particularly guests preferring global loyalty programs over heritage properties.
• Taj Lake Palace Udaipur: Iconic 18th-century palace hotel on Lake Pichola operated by Indian Hotels (Taj). Closest concept-level comparable to Yak & Yeti — heritage palace luxury with curated cultural experience, palace architecture, and premium ADR — competing for the same global heritage-luxury traveler segment.
• Hyatt Regency Kathmandu: Luxury 5-star hotel in Bouddha, Kathmandu, operated by the same Saraf family (Saraf Hotel Enterprises). Direct competitor for international business travelers, leisure tourists, and MICE demand in the Kathmandu market, with comparable 5-star amenities and a larger 40-acre footprint.
• Aloft Kathmandu: Marriott's select-service brand in Kathmandu targeting younger, tech-savvy travelers. Represents the digitally native, modern-format competition that pressures legacy luxury hotels on mobile booking, loyalty integration, and contemporary amenities.
• Dwarika's Hotel: Heritage boutique luxury hotel in Kathmandu built around rescued Newari architecture and artifacts. Closest comparable on heritage palace positioning and authentic Nepalese craftsmanship, competing for culturally motivated luxury travelers and curated experiences.
• Hotel Annapurna: Heritage luxury hotel in central Kathmandu with a long operating history, fine-dining restaurants, and event facilities. Direct competitor for traditional luxury travelers, corporate clients, and banquet/wedding demand in Durbar Marg and surrounding areas.
• Oberoi Rajvilas Jaipur: Luxury heritage resort in Jaipur combining palace-style architecture, spa, and fine dining. Comparable to Yak & Yeti on heritage luxury positioning, high-end MICE/wedding capability, and aspirational South Asian luxury guest experience.
• Soaltee Kathmandu (Crowne Plaza): Long-established 5-star hotel in Kathmandu now operated under IHG's Crowne Plaza brand. Competes in the same corporate MICE, wedding, and leisure segments, with comparable convention and banqueting infrastructure.

Broad incumbents

• Hyatt Regency Delhi: Luxury hotel in Delhi operated within Saraf Hotel Enterprises' portfolio. Comparable operating standards and corporate MICE capabilities relevant for understanding group synergies and competitive positioning of the broader Saraf enterprise.
• The Grand New Delhi: Flagship luxury hotel of Saraf Hotel Enterprises in New Delhi (formerly Grand Hyatt). Sister property under the same ownership family, sharing operational standards, group procurement, and cross-property guest referrals relevant to Yak & Yeti's enterprise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yak & Yeti