Nepal has announced a 35% hike in Mount Everest climbing permit fees, marking the first increase in nearly a decade.

Nepal will raise Mount Everest climbing permit fees by 36%, increasing the cost to $15,000 from the current $11,000. This marks the first hike in nearly a decade.

The new fees take effect in September and apply to the April-May climbing season, as well as increased fees for other seasons—$7,500 for September-November and $3,750 for December-February.

Mountaineering contributes significantly to Nepal’s economy, with over 300 permits issued annually for Everest climbs.

Expedition organisers like Furtenbach Adventures support the increase, hoping the additional funds will improve safety and environmental conservation.

Nepal faces criticism for overcrowding on Everest and insufficient efforts to maintain cleanliness and climbers’ safety, though officials highlight ongoing cleaning campaigns and safety measures.

Climbers report worsening conditions on Everest, including reduced snow and more rocky terrain, attributed to global warming and environmental changes.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!