Nepal’s tourism sector has witnessed a remarkable surge, exceeding one million international arrivals by air in 2024. While a slight dip in Indian visitors in November is noted, the overall trend points towards sustained growth fueled by diversified tourism offerings and infrastructural improvements. Experts predict a bright future for Nepal’s tourism industry.
Nepal’s tourism sector is experiencing a revival, with tourist arrivals in August 2024 showing an 8.3% increase compared to the previous year. While this signifies a positive trend, the recovery is slower than anticipated, particularly when compared to pre-pandemic levels. Despite the growth, the sector faces challenges related to safety and infrastructure that need addressing to fully capitalize on the potential for further expansion.
John Keells Group, in partnership with Melco Resorts & Entertainment, has launched ‘City of Dreams Sri Lanka’, the largest private sector investment in Sri Lankan history. This integrated resort, located in the heart of Colombo, aims to transform the nation’s tourism sector and position it as a top global destination. The project will feature a luxurious hotel, state-of-the-art gaming complex, shopping mall, and entertainment venues, offering an unparalleled experience for both international and local visitors. ‘City of Dreams Sri Lanka’ is not only set to contribute significantly to the local economy through job creation and foreign exchange earnings but also serves as a testament to Sri Lanka’s commitment to sustainability and cultural preservation.
