Nepal has reached to the point of relatively stable political and economic environment after strong political instability. Hence, the country's tourism industry is experiencing a steady growth to attract investments. Nepal caters more than half million tourists and earns foreign currency equivalent of about NRs. 16,825 million. The sector provides employment for about 20 percent of economically active population and contributes about 3.0 percent on gross domestic product.
Predominantly, investment opportunities in tourism industry has been basically divided into two segments - investment in (i) capital intensive luxury infrastructure and services mostly catering to travelers with deep pockets and (ii) opportunities in micro-entrepreneurial tourism activities like teashops, guest houses.
Number of Hotels data was reported at 1,289.000 (five star,four star,three star,resorts all incuded).
The existing stage of the industry has created a huge gap in the middle market tourist segment, opening up huge entrepreneurial opportunities. This segment can be defined as middle class population travelers: those who do not want to compromise on quality and hygiene but want it at an affordable price but now these days middle class people is attractive to travel here.
Within this middle market segment, there are emerging opportunities to capitalize on the bourgeoning domestic travelers' boom. Domestic travel spending generated about 70 % of direct travel and tourism. Domestic travel spending is expected to grow by 15.8 % , whereas foreigners travel spending by only 2.9 %. For an industry that had been designed by the foreign tourist, the growing influx of domestic travelers has been a wake-up call.
With rising disposable income and increased awareness, more middle market domestic travelers are opting for adventure activities and interaction opportunities with rural culture and nature in unique destination; places that give them a wholesome experience with comfortable accommodation facilities. A great example is a home stay facility.
Our sister company Holiday Express Travel and Tours Pvt. Ltd. is serving in hospitality service.