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Published in:

Volume 7 Issue 1
January-2020
eISSN: 2349-5162

Unique Identifier

JETIR2001016

Page Number

101-105

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Title

Tourism Development in Nepal: Prospects and Challenges

ISSN

2349-5162

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"Tourism Development in Nepal: Prospects and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 1, page no.101-105, January-2020, Available :http://www.jetir.org/papers/JETIR2001016.pdf

Abstract

Tourism plays a vital role in the Nepalese economy. Tourism not only generates employment and foreign exchange earnings but also acts as a linchpin for poverty alleviation. This study tries to address some of the major challenges and prospects of tourism development in Nepal. It is based on Nepalese data on tourist arrivals, tourist receipts, capital investment in travel and tourism, and GDP per capita for the period 1995 to 2018. An analysis was conducted for tourist arrivals and tourist receipts. It showed a steady increase in both the variables albeit some fluctuations. A multiple regression model was used to analyze the relationship between the variables. The regression results showed that GDP per capita and capital investment in the tourism sector had a positive impact on tourist arrivals. In contrast, events such as the royal massacre in 2001 and the earthquake in 2015 had a negative impact on tourist arrivals. The important role played by capital grants, low-interest capital loans, research and development grants, and digital marketing towards tourism development has been discussed. On the other hand, political instability and natural disaster like the 2015 earthquake were found to act as a hindrance. Furthermore, the article highlights the need for a tourism policy that not only tackles these issues but also takes full advantage of the tourism potential of Nepal.

Key Words

Tourism, Tourism development, Nepal tourism, Growth, Nepal economy

Cite This Article

"Tourism Development in Nepal: Prospects and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 1, page no. pp101-105, January-2020, Available at : http://www.jetir.org/papers/JETIR2001016.pdf

Publication Details

Published Paper ID: JETIR2001016
Registration ID: 226935
Published In: Volume 7 | Issue 1 | Year January-2020
DOI (Digital Object Identifier):
Page No: 101-105
ISSN Number: 2349-5162

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Cite This Article

"Tourism Development in Nepal: Prospects and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 1, page no. pp101-105, January-2020, Available at : http://www.jetir.org/papers/JETIR2001016.pdf




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