Foreign hands in tourism leading to decline in foreign reserves?

Dechen Dolkar 

In a worrying trend for Bhutan’s tourism industry, overseas agents are increasingly dominating the market, resulting in the decline in foreign currency reserves apart from economic repercussions for tour operators. 

Bhutanese tour agents say that the Tourism Policy 2022 has altered the country’s financial landscape. The policy mandates that tourists deposit only the sustainable development fee (SDF)into the government account while encouraging the rest to be…