Iran war and soaring fuel prices hit travel and tourism in Nepal hard
The conflict in West Asia and soaring fuel prices have severely impacted Nepal's travel and tourism industry, with airfares doubling and cancellations rising during peak season. The surge in aviation fuel prices has led to a decline in tourist arrivals, with March recording a 1% year-on-year decline despite initial strong growth in January and February.
Nepal's tourism industry is facing a crisis due to the conflict in West Asia and rising fuel prices. Airfares have doubled, causing cancellations and postponements of trips. The price of aviation turbine fuel has surged 77.63% to $1,716 per kilolitre, a historic high. This has led to a decline in tourist arrivals, with 120,516 visitors in March, a 1% year-on-year decline. The industry was expecting a strong season, but the fuel price hike has thrown everything into disarray. Tourism entrepreneurs warn that rising airfares are undermining Nepal's appeal as a safe destination.
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