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    Tourism Sector Pumped Rs 177 Billion To Nations Economy: 1. A Significant Source of Income

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    TECH S
    Tourism is a major pillar of Nepal's economy, contributing over 8% of GDP. It generates hundreds of thousands of jobs and is projected to contribute more in the future. The spending of tourists improves living standards in rural areas and boosts local trade. Tourism also helps publicize hidden natural and cultural treasures in Nepal and supports preservation of cultural heritage sites. It strengthens relations between Nepal and other countries by encouraging religious tourism. Overall, tourism provides significant economic benefits to Nepal while Nepal offers cultural and natural attractions for tourists.

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    Tourism Sector Pumped Rs 177 Billion To Nations Economy: 1. A Significant Source of Income

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    TECH S
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    Tourism is a major pillar of Nepal's economy, contributing over 8% of GDP. It generates hundreds of thousands of jobs and is projected to contribute more in the future. The spending of tourists improves living standards in rural areas and boosts local trade. Tourism also helps publicize hidden natural and cultural treasures in Nepal and supports preservation of cultural heritage sites. It strengthens relations between Nepal and other countries by encouraging religious tourism. Overall, tourism provides significant economic benefits to Nepal while Nepal offers cultural and natural attractions for tourists.

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    Tourism is a major pillar of Nepal's economy, contributing over 8% of GDP. It generates hundreds of thousands of jobs and is projected to contribute more in the future. The spending of tourists improves living standards in rural areas and boosts local trade. Tourism also helps publicize hidden natural and cultural treasures in Nepal and supports preservation of cultural heritage sites. It strengthens relations between Nepal and other countries by encouraging religious tourism. Overall, tourism provides significant economic benefits to Nepal while Nepal offers cultural and natural attractions for tourists.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    Tourism Sector Pumped Rs 177 Billion To Nations Economy: 1. A Significant Source of Income

    Uploaded by

    TECH S
    Tourism is a major pillar of Nepal's economy, contributing over 8% of GDP. It generates hundreds of thousands of jobs and is projected to contribute more in the future. The spending of tourists improves living standards in rural areas and boosts local trade. Tourism also helps publicize hidden natural and cultural treasures in Nepal and supports preservation of cultural heritage sites. It strengthens relations between Nepal and other countries by encouraging religious tourism. Overall, tourism provides significant economic benefits to Nepal while Nepal offers cultural and natural attractions for tourists.

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    of 2

    1.

        A significant source of income:


    International tourism is a significant source of income to sustain the failing economy of
    Nepal. In 2016 alone, tourism sector pumped Rs 177 billion to nations economy.
    According to the same report, Nepal is ranked 37th country to where tourism directly
    contributes to GDP among 185 countries involved. In 2017, the tourism sector
    contributed 8% of Nepal’s GDP i.e. 220 billion Nepalis currency. This figure is likely to
    go up to 8.25% by 2028. These official figures show that Tourism is a major pillar to
    sustain Nepal’s current economic condition.

    2.    Employment Opportunities:


    According to 2108 report of world travel and tourism council, Travel & Tourism
    generated 497,500 jobs directly in 2017 (3.2% of total employment) in Nepal. This figure
    is projected to rise to 3.9% by 2018 and by 2028, there’ll be an increment of 2.11% in
    the existing figure. These statistics show the promising future in the field of Tourism in
    Nepal and its likely impact on the nation’s economy.

    3.    Upliftment of living standard:


    In 2017 alone, internal tourism consumption was Rs.168.7 billion according to the report
    of the World Travel and Tourism Council. This consumption includes the food and
    lodging during treks, porter costs and so forth. Famous for its adventurous tourism, the
    expenses in local places is likely to boost up their living standard too. Furthermore, as
    an integral part of a rural tourism, “homestay” has helped the locals to earn the extra
    cash while promoting the local tourism.

    4.    The increment in local trade:


    Shopping in Nepal is one of the major dreams of any foreigner. The street of Thamel
    during the months of October to March is filled by tourists from all over the world. They
    have seen busy shopping either some antique handicrafts or a pashmina shawl or a
    singing bowl. Anything they purchase indirectly aids in the local trade.

    5.    Publicity of hidden treasures:


    Everyone is well aware of Pokhara and its beauty. Same can be said in the case of ABC
    (Annapurna Base Camp) or Everest base camp (EBC). But there are many other
    heavenly places in Nepal such as unexplored trek route, new river for rafting, a new
    place for paragliding and so forth. These hidden treasures can be exposed to the world
    only through the publicity which is best done by Tourism. Once known as a Hermit
    nation, Nepal was not open for anyone. Today, millions of tourists enjoy the beautiful
    landscapes, birds, and animals. So, only the tourism industry can unlock the hidden
    potentials such as honeymoon in Nepal.
    6.     Preservation of Cultural heritages:
    When the earthquake of 2015 demolished most of the cultural heritage of Kathmandu,
    international communities stood up to lend their hands in the reconstruction of that
    iconic heritage. One of the main reasons for that is to preserve the cultural site for
    observation by the future generation. This shows that tourism helps in the preservation
    of old and culturally significant part of our history.

    7.    Strengthening relations between citizens: 


    Religious tourism in Nepal has helped to preserve the century-long strong relation
    between the people of two different countries. For instance, the common faith of
    Hinduism has helped to increase the friendship between citizens of Nepal and India. In
    addition, being a Buddhist nation, the participation of different nations to establish
    shrines in Lumbini shows that religious tourism help to create a harmony between the
    citizens.

    In conclusion,

    As a land of the birthplace of Buddha and Majestic Mt. Everest, Nepal has a lot to offer
    to the tourists while tourists in return provide immense help to support Nepal in any way
    possible.

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