The Nepali Government has received FDI worth NPR 5.50 billion for the tourism business during mid-July and mid-September of the current fiscal year 2020/21.

According to the Department of Industry (DoI), the FDI commitment the government received for the tourism industry in the first two months of the current fiscal is almost the same as that of the last fiscal.

Of the total amount pledged, Nepal received FDI worth NPR 5.35 billion from China, the highest of all. The Chinese investors have proposed to open around 30 hotels and restaurants and provide employment opportunities to 618 people.

China has been leading in FDI pledges to Nepal, especially in the tourism sector, for the last few years. As Nepal has become a leading tourism destination for Chinese tourists, the investors from China have been showing a deep interest in opening hotels and restaurants, mainly in Kathmandu Valley, Pokhara, and Chitwan.

As per the DOI records, the tourism sector has received a total of NPR 32.80 billion foreign investment in the past five years. Chinese investors have poured in NPR 23.23 billion, making up 71% of the total proposed amount.

Aslo Read: Nepali Tourism 2019: Foreign Arrivals to Chitwan Shrink

In the FY 2019/20, Nepal received a foreign investment commitment of NPR 25.79 billion for the tourism sector, with China proposing to invest NPR 11.66 billion.

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Tourist inflow to Chitwan takes a hit as the landslide that took place last week disrupted the Narayanghat-Mugling highway.

With this, tourists who had planned to tour Chitwan started cancelling their trips for other tourist hubs like Pokhara and Bandipur, thus making Chitwan’s popular tourist destinations, such as Shaura, Meghauli, Patihani and Kashara almost vacant.

This is hitting the business of tourism enterprises in Chitwan who claimed of witnessing a sharp decline in their business. Hotel entrepreneurs of the district are worried at the alarming rate of booking cancellations.

Business Affected Due to Roads Condition

“Our business is seriously affected by the road condition. We asked the tourists to return from Mugling as the road to Chitwan was not safe,” says Shyam Kaji Mahat, operator of Hotel Central Park situated at Shaura.

According to Mahat, around 60 Indian tourists left for Pokhara as an alternative. While his hotel has a capacity of 46 rooms, all of them are vacant at the moment.

“Although, this is not a major season for tourist inflow, we used to have 25 to 50 percent occupancy in previous years,” said Suman Ghimire, President of Hotel Association Nepal (HAN) Chitwan Chapter.

More than 100 hotel owners of Shaura are facing a similar issue and the industry that was employing around 2,000 members is on the verge of collapse.

Meanwhile, travel traders are concerned about the ‘golden triangle tour’ that covers Chitwan, Pokhara and Lumbini, a widely popular circuit among sightseers in Nepal. They are worried that one of the components could be removed from the tour packages because of the disastrous condition of the highway linking the destination.

Potential tourists being reluctant to Chitwan packages at international travel mart is also raising concern over the competitive status of safari destination in Chitwan.

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