Nepal’s tourism sector faces loss of around $300m

6 July, 2020 12:00 AM printer

KATHMANDU: Nepal’s tourism industry is estimated to lose 34 billion Nepali Rupees (282 million U.S. dollar) since the Nepali government enforced lockdown in March 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 lockdown,” states a report on ministry’s activities during the period from March 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, has estimated the loss of 10 billion Nepali Rupees (83 million U.S. dollar) each month during the lockdown in the hospitality sector such as hotels, travels and aviation, reports Xinhua.

Although the Nepali government on June 10 relaxed lockdown, allowing most of the economic activities to operate, the tourism sector, particularly hotels and airlines sectors have not been allowed to reopen.