The country hopes tourism accounts for 10% of GDP by 2030

The country's tourism minister told CNBC on Wednesday that tourism could account for 10% of Mongolia's GDP.

"We have a huge, ambitious goal to have approximately 2 million tourists by 2030, which will contribute about $4 billion to our GDP," said Nomin Chinbat, Minister of Culture, Sports, Tourism and Youth.

She said that at present, 3%-4% of the funds from Mongolia’s GDP account for 3%-4% of Mongolia.

Chinbat said the landlocked Asian countries welcomed a record 808,000 foreigners in 2024, and interest continued to rise, especially among those seeking natural, adventure, cultural and spiritual tourism.

"The number of tourists is growing rapidly," she said. "The growth in the year was about 9%. We want to increase it to 16%.

Airplanes from the United States

United Airlines' first flight to Mongolia landed on Thursday night, an event called "mile mark" for the country's tourism industry Chinbat.

The minister said Mongolia hopes that tourism will account for 10% of GDP by 2030.

“We recently developed a Mongolian tourism strategy with the Boston Consulting Group, in order to improve one of the key aspects of our tourism industry is international connectivity, especially from North America.”

She said Mongolia hopes that the three flights landing in Tokyo before heading to the Mongolian capital Ulaanbaatar will be "at least twice as many as the number of American tourists last year's 22,000 people."

“The United States is one of the markets we are working on, and even if it is an airline, even if it has a connection at Narita (airport), the fact that people can fly to Mongolia will be more convenient.”

Most inbound travelers from China and Russia’s neighbors, as well as Mongolia in South Korea, hail.

Invest in infrastructure

Mongolia needs to invest $4 billion to build roads, hotels, camps and other infrastructure to support its emerging tourism industry, Chinbat said.

“The government is building low interest rates, long-term loans for public and private entities in order to quickly increase infrastructure,” she said.

Chinbat said that with interest in visiting Mongolia, the biggest challenge for the country is to ensure that the country develops in a sustainable way.

"We need to make sure our natural resources remain unchanged. On the other hand, locals also benefit from tourists entering Mongolia," she said.