According to a recent survey, the Covid-19 crisis has permanently closed about 17% of Nepal’s tourism businesses since March 2020.
The conclusion was reached after a survey conducted by Kathmandu Living Labs in collaboration with various industry organizations. Deepak Raj Joshi, the former CEO of the Nepal Tourism Board, led the survey.
According to Joshi, the majority of these businesses are located in Thamel, one of Kathmandu’s busiest tourism hubs.
“The aviation industry, large hotels, and other high-investment sectors are all waiting to see what happens. Small business owners, on the other hand, have already vanished.”
According to the report, only 6% of businesses were never closed despite the pandemic, while 77% were only closed temporarily.
Several recommendations for the industry’s revival were outlined in the survey report, including fiscal and monetary support, government financial aid, business growth support, monetary and job support, and professional development and workforce health, among others.