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Tourism Potentials In Nepal For Entrepreneurs

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By Author: Nepallion
Total Articles: 6
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Nepal has the potential to be among the top attractions on the global tourism map and has strong prospects to be the top destination in South Asia. Tourism Industry in Nepal is Backbone of Economy. Tourism as an emerging global phenomenon enhances the world travelers to explore the wonders of the world. Nepal is also being an integral part of a global system of tourism cannot escape benefiting from this emerging field. Nepal as a Himalayan nation has enormous tourism prospects. If many unexplored regions of Nepal are identified along with popular tourist destinations the Himalayan state can make remarkable progress in the field of tourism. As one of the world’s largest economic sectors, travel and tourism creates jobs, drives exports, and generates prosperity across the world. So it continues to make a real difference to the lives of millions of people by driving growth, reducing poverty and fostering development. According to the World Travel & Tourism Council’s (WTTC) annual research in 2019 shows travel and tourism is one of the world’s booming industries. Tourism has become one of the main income sources for many developing countries like Nepal.
In addition to foreign tourists, there is an increasing trend of internal tourists visiting different parts of Nepal. Given the growing commotion of people, lured by the natural, cultural, historical, and ethnic diversity, Nepal is capable of transforming the overall socio-economic status of the country. Some of the major tourism activities in Nepal are mountain climbing, trekking, paragliding, rafting, bungee jumping, mountain flight, rock climbing, mountain biking, jungle safari, rock climbing, bird watching and sightseeing. Hence, use of local products and skills play a pivotal role in promoting tourism that can lead to economic prosperity of the country. Nepal holds great potential for tourism development, which can stimulate economic growth and development. For Nepal, tourism is the main instrument for regional development with positive economic impact on the income, employment and production. In recent years, there has been exponential growth in the number of travel agencies, tour guides, tour operators, rafting agencies and trekking agencies. However, tourism may also have a negative impact on the environment. For sustainable tourism development, there should be optimum utilization of natural resources and minimization of ecological, cultural and social impacts. Additionally, there is a need for conducive policies and strategies by the government that will help improve the livelihood of the local communities through balanced and sectoral tourism development. The government has formulated policies and allocated a budget of Rs 2.68 billion for FY 2019/20 to support the tourism sector in developing infrastructure and encouraging environment -friendly tourism activities. Additionally, the government has allocated Rs 15.85 billion to the aviation sector for the development of domestic and international tourism sector. Many research studies conducted worldwide show that tourism development spurs economic growth. This calls for collective efforts and collaboration among all the stakeholders in formulating amicable policies and strategies to develop the sector that will contribute in achieving higher economic growth.
For more info visit: https://www.nepalliontrekking.com/tourism-potentials-of-nepal-for-entrepreneurs/

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