OPPORTUNITIES OF TOURISM SECTOR IN BANGLADESH

Tourism is one of the most promising sectors for Bangladesh with her huge natural beauty, heroic historical background and archaeological resources. This research has identified whether the contribution of this sector is significant to total GDP of Bangladesh and its future prospects as research problem. It has served the objectives of assessing different aspects of tourism with point to point analysis. Secondary data supplied by Bangladesh Economic Review 2010, Bangladesh Parjatan Corporation and World Travel & Tourism Council have been analyzed with some simple statistical tools. Recommendations are made for development of infrastructures, diversifications of tourism form and establishment of Public Private Partnership (PPP) in tourism sector.

Tourism is one of the most promising sectors for Bangladesh with her huge natural beauty, heroic historical background and archaeological resources. This research has identified whether the contribution of this sector is significant to total GDP of Bangladesh and its future prospects as research problem. It has served the objectives of assessing different aspects of tourism with point to point analysis. Secondary data supplied by Bangladesh Economic Review 2010, Bangladesh Parjatan Corporation and World Travel & Tourism Council have been analyzed with some simple statistical tools. Recommendations are made for development of infrastructures, diversifications of tourism form and elimination of bureaucratic barriers.

Proceedings of 14th Asian Business Research Conference 30 - 31 December, 2016, BIAM Foundation, Dhaka, Bangladesh ISBN: 978-1-925488-26-5, 2016

The World Tourism Organization (WTO) defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only ", as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes". Tourism has become a great source of foreign exchange earning in Bangladesh. It is playing an important role to create an employment opportunities in a large scale. Tourism is now a global industry connecting hundred millions of people worldwide; which been recognized as a fastest rising sectors. These industries make it as a key column of economic development of any destination country. World travel and tourism council (WTTC) find out by their latest research in 2014-2015 that from Travel & Tourism industry's direct input to global GDP growing by 3.0%, to US$2.1trillion at the year 2015 and the industry directly supported 101 million jobs. Global Travel & Tourism contribution to direct GDP in 2013 is forecast to grow by 3.1% and is again forecast to outpace growth of the total global economy (2.4%) in 2013. Longer-term prospects are even more positive with annual growth forecast to be 4.4% per year over the ten years to 2022. Bangladesh has become now a new tourist zone on the map of the world. The tourism sector in Bangladesh has been gradually growing from mid-nineties to till now. It has a great potentiality to develop tourism sector by applying new policies and strategies. The overall objective of this research study is to have an overview in tourism market and its force or impact or contribution on Bangladesh GDP or overall economy and highlighting the issues and challenges being faced in this sector.

South Asian Journal of Social Studies and Economics

Cucculelli and Goffi [1] stated that one of the industries with the highest growth rates worldwide is tourism, which provides the majority of developing nations with their primary source of foreign money. Bangladesh's tourism industry has immense potential to make it to the top of the tourist priority list. Ahmed, et al., [2] pointed out that in the context of global tourism of developing countries, Bangladesh, which offers a variety of natural variations, such as mountainous areas, sea beaches, mangrove forests, and many historical sites, has a tremendous amount of potential. Tourism provides advantages, which contribute to poverty reduction, by providing employment opportunities for local people. Tourism can contribute value to the Bangladeshi economy if a competent marketing plan and strategy are developed and implemented. The main objectives of this research were to review existing and unexplored tourist attractions, analyse locations, identify major benefits and challenges,...

This paper is an improvement over my earlier paper on Bangladesh tourism. It has been published in the souvenir of the National University of Bangladesh. In this paper mainly we have tried to focus light on the problems of Bangladesh vis-a-vis many of the developing nations' tourism.

Journal of Tourismology , 2020

This paper examines the potential effects of tourism on the economic growth of Bangladesh. It is a review paper of the literature based on secondary data. This paper discusses various aspects regarding the effects of the tourism industry on the overall economic progress of the country, including real GDP growth, infrastructural development and employment generation. Since the tourism industry has a small share of revenue to the GDP of Bangladesh's economy (at this moment), its contribution to economic growth is limited till now. This paper finds that the current size of the Bangladesh tourism economy is BDT 500 million. Besides, Bangladesh earned USD 1157 million from tourism sector during 2009-2018 period. Each year, 0.55 million tourists (on average) visit Bangladesh in the same period. Moreover, it creates 2.23 million jobs each year. The travel and tourism sector contributes 4.4% of the GDP in each year. Bangladesh's government ensures a lot of facilities for tourists.This article points out a number of issues that need to be considered in the tourism industry to play a more significant role regarding economic growth, and the overall socioeconomic development of Bangladesh.

Global Journal of Management and Business Research, 2020

Tourism is a dynamic and one of the most profitable sectors for the world economy as well as for many developing countries like Bangladesh. Bangladesh has so many natural, cultural, historical, archeological, religious and man-made tourist destinations. By visiting this country one can get the opportunity to know about the tribal people, their unique culture, traditions, food habit, wildlife of various species and also can enjoy diversified tourism-related activities like water skiing, river cruising, hiking, rowing, yachting, kidding, sea bathing etc. Tourism industry is considered as a growing industry for many developing countries. It plays a significant role directly and indirectly in the GDP growth rate of Bangladesh by creating new employment opportunities for both male and female, alleviating poverty, enhancing local community participation, earning foreign currency via foreign tourists, improving the economic standards of locals, making people economically and socially stabl...