Abstract: In 2001 the King Mahendra Trust for Nature Conservation (KMTNC), Annapurna Conservation Area (ACAP), Snow Leopard Conservancy (SLC) and WWF-Nepal initiated a collaborative project aimed at enhancing ecotourism in the Manang area, in ways that strengthen benefits to local communities while also protecting the environment and the local culture. Manang is known for its relatively dense snow leopard population, along with supporting good numbers of blue sheep, the endangered cat's principal prey through much of the Himalaya. However, snow leopards periodically kill many livestock, leading to retributive killing by herders along with other associated people-wildlife conflict. In order to encourage the local people to better co-exist with snow leopards and other wildlife, SLC, WWF-Nepal and ACAP agreed to explore ways of providing tourism benefits to local communities as an incentive to protect this rare predator and conserve its alpine habitat. Key in this regard is the possibility of developing locally guided nature treks, and accordingly, this survey was conducted in order to assess existing market opportunities and constraints to such ecotourism enterprise.