Nepal’s Tourism Sector Faces Loss Of Around 300 Million USD Due To COVID-19

Nepal’s Tourism Sector Faces Loss Of Around 300 Million USD Due To COVID-19

KATHMANDU, July 4 (NNN-NEPALNEWS) – Nepal’s tourism industry is estimated to lose 34 billion Nepali Rupees (282 million U.S. dollars) since the Nepali government enforced lock-down in Mar, to prevent the spread of COVID-19 pandemic, according to Nepal’s Ministry of Culture, Tourism and Civil Aviation.

“The loss is expected to cross 40 billion Nepali Rupees (332 million U.S. dollar) until July 21, extended deadline of lock-down,” states a report on the ministry’s activities during the period from Mar 24 to June 29, which the ministry unveiled on Friday.

A task force, formed by the Nepal Tourism Board, main tourism promotion body of Nepal and Civil Aviation Authority of Nepal, the aviation sector regulator, estimated the loss of 10 billion Nepali Rupees (83 million U.S. dollar) each month, during the lock-down.

Although the government, on June 10, relaxed lock-down, allowing most of the economic activities to operate, the tourism sector, particularly hotels and airlines sectors have not been allowed to reopen. Nepal’s cabinet also decided to continue suspension of domestic and international flights till July 21.– NNN-NEPALNEWS

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