Architectural And Cultural Heritage Tourism Products In Nepal An Assessment of New Private Sector Investment Opportunities in the Tourism Sector in Annapurna Conservation Area

IFC supports the tourism industry because of its strong development impact. It is easily accessible to rural entrepreneurs, allows for local approaches and products, has a bias towards female participation, and enables excellent supply-chain linkages. Our activities in tourism are aimed at promoting...

Full description

Bibliographic Details
Corporate Author: International Finance Corporation
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2021
Series:Investment Climate Assessment
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 02384nmm a2200325 u 4500
001 EB002178678
003 EBX01000000000000001316212
005 00000000000000.0
007 cr|||||||||||||||||||||
008 231006 ||| eng
245 0 0 |a Architectural And Cultural Heritage Tourism Products In Nepal  |h Elektronische Ressource  |b An Assessment of New Private Sector Investment Opportunities in the Tourism Sector in Annapurna Conservation Area 
260 |a Washington, D.C  |b The World Bank  |c 2021 
653 |a Tourism and Ecotourism 
653 |a Environment 
653 |a Cultural Assets for Poverty Reduction 
653 |a Industry 
653 |a Business in Development 
653 |a Accommodation and Tourism Industry 
653 |a Poverty Reduction 
653 |a Tourism Industry 
653 |a Private Sector Development 
653 |a Employment 
710 2 |a International Finance Corporation 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Investment Climate Assessment 
028 5 0 |a 10.1596/37854 
856 4 0 |u http://elibrary.worldbank.org/doi/book/10.1596/37854  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a IFC supports the tourism industry because of its strong development impact. It is easily accessible to rural entrepreneurs, allows for local approaches and products, has a bias towards female participation, and enables excellent supply-chain linkages. Our activities in tourism are aimed at promoting private sector-investments leading to sustainable and inclusive growth. In Nepal, tourism development also enables the creation of cultural, adventure, and sightseeing experiences that have appeal and significance among its established global, loyal market of visitors-ranging from pilgrims to mountaineers, hikers, and wellness and sightseeing travelers. But the COVID-19 pandemic has hit the tourism industry especially hard. The potential loss to the country's GDP from the collapse of tourism activities is estimated at USD 460 million. Around 230,000 jobs are at risk; 20,000 tour and trekking guides are unemployed, and 2,600 trekking agencies are closed, some maybe permanently. Now, as outbound markets begin to show signs of recovery, it is time to implement strategic adjustments to Nepal's tourism sector and implement policies that will align the destination with the new market reality