Assessing the Economic Viability of Nature-based Tourism in Bardiya National Park, Nepal: A Travel Cost Method Study

Abstract

This report presents the findings of a comprehensive study conducted in Bardiya National Park (BNP), Nepal to evaluate the economic viability and sustainability of nature-based tourism. Using the travel cost method, we estimated tourism demand and quantified the economic benefits of various tourism activities within the Park. The results demonstrate that nature-based tourism in BNP is economically beneficial and has significant potential as a tool for conservation and community development. Tourism contributes substantially to the local economy and provides incentives for protecting the Park's natural resources. However, sustainable management is imperative to maximize benefits and minimize negative impacts. We recommend enhancing infrastructure, marketing, and visitor experiences to increase tourism revenue. Additionally, engaging and empowering local communities will foster sustainable practices. Achieving an optimal balance between visitation, revenue generation, and conservation is essential. This study provides valuable insights into developing BNP's tourism sector. The findings and strategies presented can inform policymakers and stakeholders in managing protected areas worldwide. Sustainable tourism development in BNP's unique natural environment can support biodiversity conservation and local livelihoods if adequately balanced with environmental protection.