Ritz-Carlton's Nepal entry signals possible oversupply of high-end hotels

Himalayan nation's travel is shifting from budget travelers to luxury guests

Nepal's hotel industry is ready for more luxury segments, says Marriott International's chairman, but some experts warn that there is a mismatch between supply and demand in the Himalayan country. (Nikkei montage/Source photos by Getty Images)

KATHMANDU -- Marriott International is in the works to bring Ritz-Carlton and Westin hotels to Kathmandu, having recently signed agreements with a Nepalese hospitality conglomerate.