Khuvsgul Province is the most popular tourism destination in Mongolia. The region is magnet for local or foreign tourists because of Lake Khuvsgul, known as the ‘Blue Pearl of Mongolia’. The number of tourists heading for Khuvsgul is steadily increasing year by year. In 2020, the local administration plans to hold the following large-scale events.
– Blue Pearl ice festival in Khatgal village on March 3-4
– Knuckle-bone throwing festival in Tsagaan-Uur soum on June 30
– Reindeer festival at Dalai tourist camp in Khatgal village on July 7-8
– Yak festival in Khatgal village on July 20
The Mongolian Government aims to further develop Eco-tourism at Lake Khuvsgul and its surrounding area, supported by USD 38 million of loans by the Asian Development Bank.
In 2017, tourism comprised 11.4% of Mongolia’s gross domestic product (GDP), while generating USD 1.2 billion in revenue and providing 121,500 jobs. Developing tourism is a government priority to help diversify the economy. By 2028, tourism is forecast to provide 11.0% of GDP, USD 2.1 billion in revenue, and provide 149,000 jobs. International visitors alone are expected to double to 1 million.