Tourism is booming across Nepal, with some visitors coming from far-flung parts of the world.
Key points:Tourism is booming in Nepal Tourism is growing at an incredible rate in the country, with a tourist industry worth $4.6 billionA new study says tourism is the key to improving the country’s economyThe study says a combination of economic growth and tourism is a major factor driving the economic growth in NepalTourism has been growing at a remarkable rate in Nepal, and a new study shows the country is booming with tourists.
Tourism’s growth has been a huge boon for the Nepalese economy, with the economy growing by $4,000 a day in the past two years, the Kathmandu-based Tourism and Land Development Corporation (KLDC) said in a statement.
The number of visitors visiting Nepal has increased by 60% since 2015, which is about 40% faster than growth in India, according to the KLDC.KLCD President and CEO Naveen Kumar told ABC News that the number of tourists visiting Nepal increased by a whopping 85% from 2015 to 2019.
The study showed that more than 80% of the Nepali economy was reliant on tourism, with 80% or more of GDP derived from tourism.
Kumar said the tourism sector would play a big role in boosting the Nepalis economy.
He said the main focus was on increasing the availability of services, like tourism, to the Nepalees.
Tourist arrivals have increased by almost 10% every year for the past decade, he said.KP’s economy grew by $1.4 billion last year, and KPK was the biggest beneficiary of this, with tourism accounting for about a third of its GDP.KLRCC chief executive Laxmi Prasad said tourism was a key driver of the economic boom in Nepal.
Killing off poverty and hunger can only be achieved through good tourism.
This can only happen through tourism, he added.