The development of the tourism sector has long been viewed as integral to Mongolia’s efforts to diversify the economy and create more jobs outside the mining sector. Mongolia has a unique value proposition from a tourism endowment perspective, with strong niche products for leisure tourism linked to the country’s diverse nature and stunning sceneries; the nomadic lifestyle and Mongolian culture and festivals; the historical legacy of Genghis Khan; and sports and adventure tourism that thrive during a relatively short tourism season mainly between May and September. The business travel sub-sector is associated with Mongolia’s vibrant mining industry. The spectacular growth of the mining industry has brought rapid economic growth. It has captured the attention of both politicians and business leaders and helped shape the Government of Mongolia’s (GoM) policy agenda. It has also absorbed much workforce talent and led to persistent macroeconomic turbulence. This study is presented in a visual PowerPoint format to allow readers to access key data, analytical findings and policy conclusions more readily. It is a follow up to the previous World Bank-commissioned study of Mongolia’s tourism sector nearly a decade ago (World Bank (2012), ‘Mongolia: Economic Contribution of Mongolia’s Tourism Markets’, Discussion Paper, February 2012) that was prepared by a team of sector association and business leaders in Mongolia’s tourism sector, many of whom the authors of this new study consulted and whose insights greatly benefited this work.