Mar 31, 2017- Nepal’s travel and tourism sector pumped Rs177 billion into the economy and supported more than 427,000 jobs last year, the World Travel and Tourism Council (WTTC) said.
According to its annual Economic Impact Research report for 2017, tourism accounts for 7.5 percent of Nepal’s GDP and is forecast to rise 4.3 percent annually to Rs287.6 billion, or 8.3 percent of the GDP in 2027. The GDP generated directly by the travel and tourism sector includes its indirect and induced impacts.
The report said that the direct contribution of travel and tourism to the GDP in 2016 was Rs85.2 billion, or 3.6 percent. This is forecast to rise by 6.8 percent to Rs91 billion in 2017. Nepal is ranked 37th in terms of travel and tourism direct contribution to GDP among 185 countries surveyed.
Nepal trails behind India and Bangladesh, but is ahead of Sri Lanka in South Asia in terms of direct contribution of tourism to the economy. This primarily reflects the economic activity generated by industries such as hotels, travel agencies, airlines and other passenger transportation services, excluding commuter services. It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.