Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors.
Endowed with isolated, unspoilt nature and a nomadic Buddhist culture, Mongolia has managed to develop a small but potentially profitable tourism sector, which is expanding through support from the public sector and a growing focus on adventure and nature. Strong mining-led economic growth in the past decade is expected to dilute tourism’s overall...
Long established as an adventure tourism destination, Mongolia is making a more concerted push to attract travellers seeking sporting activities. The new government is promoting more natural niches like bird-watching and hunting, as well as traditional festivals celebrating activities such as the “three manly sports” of wrestling, archery and horse...
Tourism authorities are eager to preserve and promote Mongolia’s cultural heritage to tourists both foreign and domestic. Indeed, after some 70 years of relative isolation under Soviet rule, the country’s exotic mix of Buddhism, Soviet interlude, nomadic traditions, shamanism and empire-building history form a culture that authorities are keen to...
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