Tourist Arrival Increases to 506,000 in 5 Months

June 3, 2024 | Investopaper

This year has seen a significant and encouraging increase in the arrival of foreign tourists. In the first five months of 2024 (January to May), Nepal welcomed 5,06,000 tourists from various countries. This represents a 20 percent increase compared to the same period last year, when 4,04,000 foreign tourists visited, according to the Nepal Tourism Board.

While the country’s economy is still struggling to recover from the recession, the tourism industry is showing promising growth. The number of foreign tourists has returned to pre-pandemic levels, matching those of 2019.

In the first five months of 2019, around 4,99,000 tourists visited Nepal. The increase to 5,06,000 tourists in the same period this year is slightly higher than the pre-pandemic levels.

The highest number of tourists in Nepal’s history was recorded in 2019, with 11,97,000 visitors.

The tourism industry, which was severely affected by the global COVID-19 pandemic in 2020, was expected to recover by 2025. However, it has rebounded sooner than anticipated. The Central Bureau of Statistics has projected that the gross value added by accommodation and food services will reach 21.84 percent in the current fiscal year 2080/81.

Related: Data on Tourists Arrival in Nepal: Last 32 Years

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