The tiny kingdom of Bhutan, which lies between India and Tibet in the Himalayas, has privatized its travel industry. Private travel companies now handle all travel arrangements, while the Tourist Authority of Bhutan authorizes visas.

United States tour companies are: InnerAsia Expeditions, 2627 Lombard St., San Francisco, Calif. 94123, (800) 777-8183; and Bhutan Travel, 120 E. 56th St., New York, N.Y. 10022, (212) 838-6382.