Published on : Friday, July 30, 2021
The Annapurna Conservation Area in the central Nepal Himalaya can be modified as a high-end tourism destination with more private sector investment, as per a new report.
This conservation area clings to the southern slopes of the Annapurna range. It’s one of the most amazing places on planet. It’s blessed with dramatic landscapes, architecture and culture. The 7,629-sq-kms of this area comprises villages, hills, valleys, gorges and lakes with the snowy Annapurnas. It’s spread across the five districts of Manang, Mustang, Kaski, Myagdi and Lamjung.
“Increased private sector investment in the region could bring in more high-spending tourists to help boost the local economy in a post-Covid market,” said the report prepared by International Finance Corporation, the private-sector lending arm of the World Bank Group.
The report entitled “Architectural and Cultural Heritage Tourism Products in Nepal: An Assessment of New Private Sector Investment Opportunities in the Annapurna Conservation Area” examines an enormous opportunity in terms of investors capitalizing on the area.
It hosts the deepest gorge of the world, Kali Gandaki, 4.8 kms long and 2.4 km wide. 60 million year old fossils from the Tethys Sea have been discovered in the river valley. The region provides the largest rhododendron forests of the world at Ghorepani. Tilicho Lake in Manang, north of the Annapurna massif, is the highest fresh water lake of the world.
The Annapurna Circuit and Annapurna Base Camp trekking routes are considered as the greatest adventure walking trails in the world. Almost 200,000 tourists from abroad visit the Annapurna Conservation Area every year. Biodiversity conservation and the livelihood of the local people are conducted side by side.
The Annapurna area have turned into a high-end tourism destination that is dearth of investment and marketing initiation, the only way to attract a new breed of high-end clientele, said the report.