Ecotourism is nature-based tourism having the dual objectives of nature conservation and livelihood improvement. Although local people are at the limelight of ecotourism, past researchers in Nepalese context are mainly focused on the tourist perspective and satisfaction. This research was carried out with the objective of analyzing the source of income, satisfaction of local people and their perception about ecotourism in Gaurishankar Conservation Area. Data were randomly collected from 65 residents from Gaurishankar Conservation Area using questionnaire survey. Tourism was identified as the vital source of income of local people together with other sources of income. Local people are satisfied with ecotourism and its associated business in the area. Perceptions analysis disclosed contrast views of hoteliers and non-hotelier on impacts of ecotourism. This research recommends concerned authority for enhancing positive impacts and reducing negative impacts of ecotourism in the locality. Further, comprehensive researches on perspective of local people about the ecotourism are recommended for researchers.