17% of tourism businesses shut permanently due to Covid-19 pandemic

KATHMANDU: Around 17 per cent of the tourism enterprises in Nepal since March 2020 after the COVID-19 pandemic shattered the country, as per a recent survey carried by Kathmandu Living Labs.

The survey report states that most of these businesses completely shutting are located in Thamel.

The survey has found that six per cent of the businesses were never shut notwithstanding the pandemic whereas 77 per cent were temporarily shut.

Likewise, 65 per cent of the employees dependent on the tourism industry have been left unemployed by the pandemic.

The survey report has presented several recommendations for the revival of the industry in terms of fiscal and monetary support, financial assistance from the government, business development support, monetary and employment support, and professional development and workforce wellbeing among others.

Fiscal Nepal |
Sunday May 23, 2021, 12:11:30 PM |

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