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Nepal Eco Trekking Market

FMI Analyses Trends Supporting the Nepal Eco Trekking Industry With Government Initiatives and Cultural Influences

Nepal Eco Trekking Market by Treatment Type, Services, Tour, Consumer Orientation, Age Group, Booking Channel & Region- Forecast 2022 – 2032

Nepal Eco Trekking Market Outlook (2022-2032)

[342 Pages Report] The Nepal Eco Trekking market is estimated to reach US$ 835 million in 2022. As per the report, sales are forecast to increase at a robust 3.69 % CAGR. Total demand in the Nepal Eco Trekking market represents 15-18% of the Nepal tourism market.

Attribute

Details

The Nepal Eco Trekking Market Estimated Size (2022)

US$ 835 Million

The Nepal Eco Trekking Market Projected Size (2032)

US$ 1200 Million

The Nepal Eco Trekking Market Value-based CAGR (2022-2032)

3.69%

The Nepal Eco Trekking Market Top players Market share

~8%- 10%

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Nepal Eco Trekking Market Outlook for 2017–2021 Compared to Forecast for 2022–2032

Eco Trekking saw significant growth during 2017-2021, and the industry is expected to grow during the forecast period. Nepal is a country with incredible beauty and a wealth of outdoor joys. Moreover, visitors get the opportunity to explore mountain summits with breath-taking views, ancient Buddhist shrines, and religious settlements, as it is the birthplace of the Buddha as well as the strong Himalaya.

Tourists get to travel through lovely cities in Nepal, where they experience friendly local clans and witness dedicated Buddhist and Hindu temples, as well as freshwater lakes, canals, cascades, and streams.

Throughout the projection period, it is expected that the Nepal Eco trekking market would expand steadily. Nepal's economy and GDP are both significantly influenced by trekking. Most of the towns and local populations in trekking-heavy regions rely on the tourist industry surrounding such locations for their daily revenue.

Travel and Tourism Sector flourish with the Raising Travel Agencies: Nepal Eco Trekking Market

Eco-tourist activities are one of the tourist industries in Nepal that are expanding the quickest, as they are superior to other forms of tourism in terms of their responsibility to people, the natural world, and the environment.

Long-term ecotourism might also benefit people. The expansion of trekking and travel businesses is one of the biggest changes brought about by Nepal's rising tourism in the twenty-first century.

There was a significant employment bubble in the travel and tourism industry as a result of more trekking expeditions leading to more travel firms, expanding the demand for the Nepal eco trekking market.

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What are the milestones faced by the Nepal Eco Trekking Market

Only travel companies that are completely recognized and approved by the government can provide eco-tours in Nepal. Due to the expansion of modern transportation systems far into the Himalayas, Nepal's ecosystem has suffered significantly as a result of the emergence of contemporary mass trekking tourism.

Furthermore, road construction in hiking areas is diminishing the overall trekking experience for visitors and hurting Nepal's delicate environment. Along with this, the lack of amenities like appropriate lodging, nutritious food, and a secure local environment in Nepal's mountainous regions is the only challenge for trekkers.

Due to their remoteness and lack of development, many of these locations are frequently inaccessible. The risk and danger they posed to international trekkers is therefore increased.

Country Insight

What Does Nepal's Ecotourism Sector Have In Store For The Future?

"During the projected period, the industry is predicted to develop due to visitors' raising awareness."

The Nepal market for eco trekking is anticipated to have a CAGR of 3.6% during the projected period and reach 1200 million in 2032. Moreover, due to its many cultural and regional tendencies, Nepal is one of the most well-known countries in Asia that strives to achieve sustainable tourism.

In the area, ecotourism is becoming more significant. Additionally, as it brings in money for the national government, responsible tourism has boosted Nepal's economy.

How Government Initiatives Are Expected To Boost The Industry In Nepal?

"Government initiatives are advancing the industry and creating more job opportunities."

The Nepal tourism industry has contributed and supported up to one million job opportunities, the famous Annapurna Circuit trekking route being one of the most revenue generating areas. Additionally, the Nepal eco trekking market is further expected to give rise to more than 1.35 million jobs by 2032. 

The total contribution of the travel and tourism industry to the gross domestic product was Rs. 195 billion in 2017. One of these initiatives is to designate the years 2023 to 2033 as the "Visit Nepal Decade."

The government of Nepal is breaking tradition by proclaiming every year as "Visit Nepal Year," according to Jeevan Ram Shrestha, minister of culture, tourism, and civil aviation, to undertake a prolonged campaign to encourage tourism, a significant source of foreign cash and job creation for the nation.

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Category-wise Insights

What Is The Consumers' Preferred Booking Channel In The Nepal Eco Trekking Market?

"Among visitors, online booking is the most popular booking method."

Online booking is the most popular option for domestic medical visitors. This is due to how simple using these booking platforms is. The consumer can choose from a variety of housing alternatives, such as hotels, hostels, and lodges.

Moreover, the procedure is made simpler for consultants via online scheduling. The COVID-19 outbreak has also contributed to a shift in customer behavior, with most consumers now preferring to book their vacation online rather than in person.

Which Age Group is Prominent in the Nepal Eco Trekking Market?

"The 26 to 35 age range is most prominent in the Nepal eco trekking market.”

According to trekking demographics, the majority of tourists traveling to Nepal for trekking in 2022 are between the ages of 26 and 35, and that number is projected to increase throughout that time. This might be connected to the growing sustainability concern among this population.

This age group segment has grown as a result of the millennial generation's dominance in society and their growing concern and care for the environment. Moreover, the millennial generation, which is the largest generational group of travelers, is playing an increasingly important role in the expansion of sustainable tourism.

Considering that they are more morally and socially conscious than the generation before them, they offer a crucial market for ethical trekking.

Key Players Are Concentrating On Sustainable Activities In The Competitive Environment: Nepal Eco Trekking Market

The importance of ecotourism has increased for both tourist locations and enterprises. All of them are putting forth an effort to ensure long-term economic viability, set themselves apart from the competition, and support local communities.

Additionally, considering that modern visitors place a higher importance than ever before on eco-friendly and sustainable activities, to create a positive image to the market.

“Higher income is being generated in the sector as a result of numerous rivals and their competitive services and prices.”

Nepal Eco Adventure Pvt. Ltd is fully committed to offering the best services to its clients, and key players are continually trying to satisfy their consumers and increase revenue in order to boost tourism in Nepal. They guarantee the client's safety, in addition to providing the right satisfaction. They have made a significant contribution to Nepali tourism by providing a clear picture of the country's various regions, including the Annapurna, Everest, and Langtang.

The main issue still exists that the country's tourist revenue is concentrated in a small number of popular trekking areas, such as the "tourism triangle" regions of Everest, Langtang, Annapurna, Kathmandu, Pokhara, and Chitwan.

Due to this, tourist business owners and development professionals are now looking for alternate strategies to diversify the country's tourism industry while also preserving the environment. Moreover, a strong foundation for promoting rural and/or village-based tourism may be found in Nepal's rural settings thanks to its distinctive lifestyle, unaltered culture, and long-standing traditions.

The towns off the main trekking trails may gain from tourism if it were promoted in a creative way. For instance, Eco Holidays Nepal offers a comprehensive package of adventure activities, including Paragliding, Rafting, Bungee Jumping, Jungle Safari, Zip Flyer, Hot Air Ballooning, and more.

Additionally, in addition to offering frequent activities like tours and trekking, they arrange custom trips to Nepal based on client needs. Not only Eco Holidays Nepal, but other participants are making the market more competitive.

For instance: A dedicated group of mountain enthusiasts runs the local trekking and tour organization Nepal Gateway Trekking, which is licensed under the Nepal government corporation legislation. Over the past 18 years, they have led numerous multinational groups around Nepal as experienced professional government-licensed trekking guides.

However, there is still more to be done to guarantee that rural communities and cities alike are prepared to move on. After the tragic earthquake in 2015, the people were tested beyond measure. Locals have been steadily rebuilding, but there is still much to be done. Moreover, it's a great opportunity for key players to combine sightseeing with a unique cultural encounter.

Key Players

  • Nepal Eco Adventure Pvt. Ltd
  • Eco Holidays Nepal
  • Himal Eco Treks Pvt. Ltd.
  • Mountain Eco Trek &Expendition Pvt. Ltd.
  • Adventure Nepal Eco Treks
  • Alpine Eco Trek & Ex
  • Excellent Himalaya,
  • Trek and Expedition Pvt. Ltd
  • Adventure Challenge Center
  • Access Nepal Tour & Trekking
  • Adventure Connexion Pvt. Ltd
  • Nepal Gateway Trekking Pvt. Ltd.
  • Nepal Holiday Treks and Tours Pvt. Ltd
  • Yeti Trail Adventure

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Region Covered

South Asia

Key Countries Covered

Nepal

Key Segments Covered

  • Treatment Type
  • Services
  • Tour Type
  • Consumer Orientation
  • Age Group
  • Booking Channel
  • Region.

Key Companies Profiled

  • Nepal Eco Adventure Pvt. Ltd 
  • Eco Holidays Nepal 
  • Himal Eco Treks Pvt. Ltd.
  • Mountain Eco Trek &Expendition Pvt. Ltd.
  • Adventure Nepal Eco Treks
  • Alpine Eco Trek & Ex
  • Excellent Himalaya
  • Trek and Expedition Pvt. Ltd
  • Adventure Challenge Center
  • Access Nepal Tour & Trekking
  • Adventure Connexion Pvt. Ltd
  • Nepal Gateway Trekking Pvt. Ltd.
  • Nepal Holiday Treks and Tours Pvt. Ltd
  • Yeti Trail Adventure

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Nepal Eco Trekking Market by Category

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourism Type:

  • Domestic
  • International

By Tourist Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Frequently Asked Questions

The Nepal eco trekking market is currently valued at US$ 853 million in 2022.

The Nepal eco trekking market is forecast to grow at a sluggish CAGR of 3.6% during the forecast period. 

Nepal eco trekking market top players share in around 8-10%.

Nepal eco trekking market is predicted to value at US$ 1200 million by 2032.

Table of Content

1. Executive Summary

    1.1. Nepal Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

    2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

    2.2. Number of Tourists (Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of Tourists Y-o-Y Growth Projections

3. Nepal Trekking Industry Analysis

    3.1. Tourism Industry Overview

        3.1.1. Travel & Tourism Industry Contribution To Nepal GDP

            3.1.1.1. Business Spending v/s Leisure Spending

            3.1.1.2. Domestic v/s Foreign

            3.1.1.3. Direct, Indirect, and Induced

        3.1.2. Travel Sector Contribution To Nepal Overall Employment

        3.1.3. Travel & Tourism Growth Rate

        3.1.4. Foreign Visitor Exports As Percentage of Total Exports

        3.1.5. Impact of Covid-19

        3.1.6. Capital Investment In Travel & Tourism Industry

        3.1.7. Different Components of Travel & Tourism

4. Nepal Eco Trekking Market Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. Focusing on Tourism As A Development Strategy

        4.1.2. Aggressively Growing Government Initiatives To Promote Tourism Industry

        4.1.3. The Changing Dimensions In Tourist Motivation and Preference

        4.1.4. Increasing Recreational Activities

        4.1.5. Travel Professional Websites Encouraging Tourists

        4.1.6. Rapid Growth of Online Social Media

        4.1.7. Others (During the Course of Study)

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Nepal GDP Growth Outlook

        5.1.2. Nepal Industry Value Added

        5.1.3. Consumer Spending Outlook

        5.1.4. Nepal Direct contribution of Travel & Tourism to GDP

        5.1.5. Internet Penetration Rates

        5.1.6. Capital Investment In Travel & Tourism

        5.1.7. Top Tourism Spending Countries

    5.2. Forecast Factors - Relevance & Impact

6. Categorizing of Nepal Eco Trekking Market, 2021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis By Tourist Type (% of Demand)

        6.2.1. Domestic

        6.2.2. International

    6.3. Current Market Analysis By Age Group (% of Demand)

        6.3.1. 15-25 Years

        6.3.2. 26-35 Years

        6.3.3. 36-45 Years

        6.3.4. 46-55 Years

        6.3.5. 66-75 Years

    6.4. Current Market Analysis By Booking Channel (% of Demand)

        6.4.1. Phone Booking

        6.4.2. Online Booking

        6.4.3. In Person Booking

    6.5. By Tour Type, Nepal Eco Trekking Market is segmented as:

        6.5.1. Independent Travellers

        6.5.2. Tour Groups

        6.5.3. Package Travellers

7. Social Media Sentimental Analysis

    7.1. Social Media Platforms Preferred

        7.1.1. Facebook

        7.1.2. YouTube

        7.1.3. Instagram

        7.1.4. Twitter

        7.1.5. LinkedIn

        7.1.6. Pinterest

        7.1.7. Google+

        7.1.8. Others

    7.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    7.3. Trending #Hashtags

    7.4. Social Media Platform Mentions (% of Total Mentions)

    7.5. Region-Wise Social Media Mentions (% of Total Mentions)

    7.6. Trending Subject Titles

8. Consumer Sentiment Analysis

    8.1. Which specific destination is preferred by the tourists and why?

    8.2. Which features are most important for tourist while choosing a destination?

    8.3. Are consumers ready to pay premium price for destinations?

    8.4. Does social media influence tourist’s decision making?

    8.5. Which mode of advertisement does travel agencies prefer?

    8.6. Others

9. Competition Analysis

    9.1. Competition Dashboard

    9.2. Pricing Analysis by Competition

    9.3. Competition Benchmarking

    9.4. Competition Deep Dive

        9.4.1. Nepal Eco Adventure Pvt.Ltd

            9.4.1.1. Overview

            9.4.1.2. Product Portfolio

            9.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.1.4. Sales Footprint

            9.4.1.5. Strategy Overview

                9.4.1.5.1. Marketing Strategy

                9.4.1.5.2. Product Strategy

                9.4.1.5.3. Channel Strategy

        9.4.2. Eco Holidays Nepal

            9.4.2.1. Overview

            9.4.2.2. Product Portfolio

            9.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.2.4. Sales Footprint

            9.4.2.5. Strategy Overview

                9.4.2.5.1. Marketing Strategy

                9.4.2.5.2. Product Strategy

                9.4.2.5.3. Channel Strategy

        9.4.3. Himal Eco Treks Pvt. Ltd.

            9.4.3.1. Overview

            9.4.3.2. Product Portfolio

            9.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.3.4. Sales Footprint

            9.4.3.5. Strategy Overview

                9.4.3.5.1. Marketing Strategy

                9.4.3.5.2. Product Strategy

                9.4.3.5.3. Channel Strategy

        9.4.4. Mountain Eco Trek & Expendition Pvt. Ltd.

            9.4.4.1. Overview

            9.4.4.2. Product Portfolio

            9.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.4.4. Sales Footprint

            9.4.4.5. Strategy Overview

                9.4.4.5.1. Marketing Strategy

                9.4.4.5.2. Product Strategy

                9.4.4.5.3. Channel Strategy

        9.4.5. Adventure Nepal Eco Treks

            9.4.5.1. Overview

            9.4.5.2. Product Portfolio

            9.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.5.4. Sales Footprint

            9.4.5.5. Strategy Overview

                9.4.5.5.1. Marketing Strategy

                9.4.5.5.2. Product Strategy

                9.4.5.5.3. Channel Strategy

        9.4.6. Alpine Eco Trek & Ex

            9.4.6.1. Overview

            9.4.6.2. Product Portfolio

            9.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.6.4. Sales Footprint

            9.4.6.5. Strategy Overview

                9.4.6.5.1. Marketing Strategy

                9.4.6.5.2. Product Strategy

                9.4.6.5.3. Channel Strategy

        9.4.7. Excellent Himalaya

            9.4.7.1. Overview

            9.4.7.2. Product Portfolio

            9.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.7.4. Sales Footprint

            9.4.7.5. Strategy Overview

                9.4.7.5.1. Marketing Strategy

                9.4.7.5.2. Product Strategy

                9.4.7.5.3. Channel Strategy

        9.4.8. Trek and Expedition Pvt. Ltd

            9.4.8.1. Overview

            9.4.8.2. Product Portfolio

            9.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.8.4. Sales Footprint

            9.4.8.5. Strategy Overview

                9.4.8.5.1. Marketing Strategy

                9.4.8.5.2. Product Strategy

                9.4.8.5.3. Channel Strategy

        9.4.9. Adventure Challenge Center

            9.4.9.1. Overview

            9.4.9.2. Product Portfolio

            9.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.9.4. Sales Footprint

            9.4.9.5. Strategy Overview

                9.4.9.5.1. Marketing Strategy

                9.4.9.5.2. Product Strategy

                9.4.9.5.3. Channel Strategy

        9.4.10. Access Nepal Tour & Trekking

            9.4.10.1. Overview

            9.4.10.2. Product Portfolio

            9.4.10.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.10.4. Sales Footprint

            9.4.10.5. Strategy Overview

                9.4.10.5.1. Marketing Strategy

                9.4.10.5.2. Product Strategy

                9.4.10.5.3. Channel Strategy

        9.4.11. Adventure Connexion Pvt. Ltd

            9.4.11.1. Overview

            9.4.11.2. Product Portfolio

            9.4.11.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.11.4. Sales Footprint

            9.4.11.5. Strategy Overview

                9.4.11.5.1. Marketing Strategy

                9.4.11.5.2. Product Strategy

                9.4.11.5.3. Channel Strategy

        9.4.12. Nepal Gateway Trekking Pvt. Ltd.

            9.4.12.1. Overview

            9.4.12.2. Product Portfolio

            9.4.12.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.12.4. Sales Footprint

            9.4.12.5. Strategy Overview

                9.4.12.5.1. Marketing Strategy

                9.4.12.5.2. Product Strategy

                9.4.12.5.3. Channel Strategy

        9.4.13. Nepal Holiday Treks and Tours Pvt. Ltd

            9.4.13.1. Overview

            9.4.13.2. Product Portfolio

            9.4.13.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.13.4. Sales Footprint

            9.4.13.5. Strategy Overview

                9.4.13.5.1. Marketing Strategy

                9.4.13.5.2. Product Strategy

                9.4.13.5.3. Channel Strategy

        9.4.14. Yeti Trail Adventure

            9.4.14.1. Overview

            9.4.14.2. Product Portfolio

            9.4.14.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.14.4. Sales Footprint

            9.4.14.5. Strategy Overview

                9.4.14.5.1. Marketing Strategy

                9.4.14.5.2. Product Strategy

                9.4.14.5.3. Channel Strategy

        9.4.15. Others (As Per Request)

            9.4.15.1. Overview

            9.4.15.2. Product Portfolio

            9.4.15.3. Profitability by Market Segments (Product/Channel/Region)

            9.4.15.4. Sales Footprint

            9.4.15.5. Strategy Overview

                9.4.15.5.1. Marketing Strategy

                9.4.15.5.2. Product Strategy

                9.4.15.5.3. Channel Strategy

10. Assumptions and Acronyms Used

11. Research Methodology

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Nepal Eco Trekking Market