Tourism in Bangladesh: Highlighting the Development Trend

Abstract

The tourism industry in Bangladesh is a thriving sector for its medieval resources, rich historical background, and fascinating natural beauty. This study set out to identify the current situation of tourism in Bangladesh and its economic effects. The research relied on secondary data sources. Over the last ten years, Bangladesh has experienced the same level and pace of growth in both the economy and tourism fronts. While there are no vast numbers of foreign tourists, Bangladesh boasts of millions of domestic tourists on regular holidays. In December 2018, the country’s Tourism Revenue rose from 348 million USD in 2017 to 357 million USD. Considering the gradual, but consistent increase in revenue over the years, it is safe to say that the tourism sector in Bangladesh is thriving. This study also identified the primary challenges the country faces in developing this lucrative sector. From inadequate safety and security to poor infrastructure and transportation, Bangladesh lacks the most crucial development requirements. The study offered recommendations on how to develop Bangladesh’s tourism to match global standards and expectations. However, the success of these hinges on the readiness of both the private and public sectors to jointly develop a long-term tourism development plan. This study will help the Government construct future strategies to develop this enormous potential industry which can play a significant role in the formation of the gross domestic product, providing employment for the population, and enhancing the foreign trade balance.