The preliminary findings of Kathmandu Living Labs’ Cities’ Covid-19 Mitigation Mapping (C2M2) project point to an urgent need to protect tourism industry from Covid-induced collapse. Some 86% of the 200 respondents said they had negative savings due to the pandemic and 61% have seen their revenue stop completely, 65% had no job in the first wave and 48% reported zero savings. And despite government’s provisions for formal borrowing, 60% of those who took loans during the pandemic secured them from friends and family.
“A flat policy will not consider different problems afflicting the hotel and mountaineering industry. The government must set up sectoral task forces to develop tailor-made solutions for each sub-industry,” said former CEO of Nepal Tourism Board Deepak Raj Joshi, speaking at the virtual event.