2. A small but beautiful country of
smiling people which is located
in the South Asia with a total
area of 147,570 sq. km.
It shares borders with India on
the west, north and east and
Myanmar (Burma) on the
southeast. On the south, 66,400
kilometers of coastline merged
into the Bay of Bengal.
Bangladesh - Overview
3. Bangladesh History
Bangladesh came to today's shape through a long
history of political evolution. Bengal was probably the
wealthiest part of the subcontinent up till the 16th
century.
The area's early history featured a succession of
Indian empires, internal squabbling, and a tussle
between Hinduism and Buddhism for dominance.
When the British took control of the region and created
their Raj in India, Bangladesh was included. Later after
the division India-Pakistan it was called East Pakistan.
After 9 months of fight Bangladesh became
independent on 16th December 1971.
4. Bangladesh Climate
Bangladesh is a country of 6
seasons: Summer, Rainy,
Autumn, Late-autumn,
Winter and Spring.
The climate in Bangladesh is
tropical and monsoonal.
In the dry season, from October
to March, temperatures are mild
and pleasant. The weather
turns hot and muggy from
March to June, awaiting the
monsoon rains. From June to
October, the skies open and
drop most of the country's total
annual rainfall.
5. Facts and Figures: Economy
Currently manufacturing and services are
increasing in importance, and particularly travel
and tourism sector posted 25% growth in 2014.
Bangladesh is a developing country, with per
capita income of just about $1,314 US/year.
Nevertheless, the economy is growing rapidly,
with around 6% annual growth rate.
6. Facts and Figures: Economy
One important source of income for Bangladesh has been
workers' remittances from the oil-rich gulf states such as Saudi
Arabia and the UAE. Remittance inflow in Bangladesh is
expected to see a record rise this year in the wake of recent
reopening of labour market by Saudi Arabia and global economic
recovery, says a World Bank report.
Non-resident Bangladeshis have sent remittances worth $15.3
billion during the just concluded 2014-15 FY, the highest ever
in a single year. This is an increase of over 7% in the same
period a year earlier, according to the Bangladesh Bank. A major
portion of the remittance is from the workers involved in the
hospitality industry.
7. Population: 170 million (Approx.)
Total GDP : 153.5 Billion
USD
Growth : 6.12%
Per Capita Income : $ 1314
Total Exports: 31.20 Billion USD
Total Imports: 29.37 Billion USD
Foreign Currency Reserve :
25 Billion USD
Bangladesh- A Brief Glimpse
Source : World Travel & Tourism Council
8. Economic Prospects
The manpower involved in
hospitality industry will again play a
vital role in this respect. Consumer
and investor confidence are
expected to pick up as the political
situation stabilizes, strengthening
growth momentum. In addition,
infrastructure constraints will likely
ease somewhat with the completion
of ongoing projects, particularly the
opening of new chain star hotels and
power plants.
Growth in FY2016 is projected to accelerate to 6.4%, aided by
higher remittances and export growth.
9. Education: “Skills Change Lives”
Bangladesh do not lack infrastructure for grooming
skilled workers but there was a huge gap between
what they learned at general, technical and
vocational education institutions and what the
country's industrial firms and the international market
needed. “Skills Change Lives” is what job providers
believe. Bangladesh's population is estimated to
reach 180 million by 2030 from 160 million now and
the size of the workforce will be 120 million two
decades later.
10. Unemployment Rate
The latest survey has revealed that the country's total unemployed persons
stood at 2.58 million (2,580,000) in 2013 against 2.60 million (260,000) in 2010.
Currently, 47% Graduates in Bangladesh are unemployed according to a
special report of world-renowned British magazine, The Economist.
11. Contribution to GDP
3.7 Billion USD
1.9 % of Total GDP
Contribution to Employment
28,46,000 Jobs
3.8% of Total Employment
Investment Pattern
0.98 Billion USD in 2014
Expected to rise by 7.6% over the next ten years
Source : World Travel & Tourism Council
Around
7.9%
increase in
GDP
in 2014
compared
to 2013
Travel & Tourism Contribution
12. Domestic Tourists Spending is expected to grow
about 6% in 2015
Around 5,94,000 Intl. Tourist Arrivals in 2014
3.46 Billion USD in Leisure Travel Spending
Business Travel Spending is expected to grow by
8.6% by 2015.
More number of travelers due to the developments
activities in RMG, Energy Sector & Communication
Around
10,00000
International
Visitors
are expected
to travel
in coming
Years
Visitors Arrival
Source : World Travel & Tourism Council
13. Significant Multiplier Effect on the Economy
Sustainable Livelihood
Poverty Alleviation
Heritage Conservation
Direct and Indirect Employment - Creates a large number of semi-skilled
jobs for local population.
Third Largest Net Foreign Currency Earner
Infrastructural and Technological Development
Economic, social and environmental benefits, particularly in rural areas
TOURISM - A Potential Development Driver
14. Opportunity for Foreign Direct Investment (FDI)
Foreign investment, with particular preference to
Foreign Direct Investment (FDI) is encouraged in all
industrial activities in Bangladesh including service
industries. (Industrial Policy 1999)
For foreign investment, there will be no limitation
pertaining to equity participation, i.e. 100 percent
foreign equity is allowed. Fully foreign owned firms
or joint ventures will in no way be obliged to sell their
shares through public issues, irrespective of the
amount of their paid-up capital.
15. FDI Inflow
In the last FY 2014-15 FDI inflow stands at USD 1,640
million where 700 million is reinvestment . Total Foreign
investment (FI) for the same period was USD 3,000
million. (Source: Board of Investment, Bangladesh)
FDI increases and even reinvestment is made because
there is steady growth in economic and tourism sector.
16. Bangladesh Tourism Industry – Past vs. Present
Bangladesh has recorded impressive economic and social gains since
the 1990s.
There was a remarkable growth in Domestic Tourism over the last
decade due to the nationwide infrastructural development .
Travel & Tourism GDP is forecasted to rise by 6.5% per annum by
2024.
Number of tourists have increased almost 10 times in inbound and
outbound destinations.
Number of Hotels across the country has increased 20 times.
Number of Airlines has increased 7-8 times.
Emerging Tourist Destinations have also increased multiple times.
17. 8 five stars + 8 New
are coming
10 four stars
25 three stars
30 business Hotels
More than 1200
other accommodations
Around
15000
International
Standard
Rooms
are available
Current Hotel Inventory
20. 2 new
are in the
Pipeline
Current Airlines Inventory - Domestic
6 Domestic Airlines
Over 18 international destinations spread out
throughout Asia and Europe.
Combined annual market size of 2014 was worth USD
440 million, with 5.8 million passengers and
0.23 million tons of cargo.
24. New Projects In Bangladesh
Padma Bridge
Project
Metro Rail
Project in Dhaka
Dhaka Elevated
Express Way
4 Lane Dhaka-
Chittagong Highway
RMG
Sector
will hit
around
50 Billion
USD
Exports
25. New Projects In Bangladesh
Cox’s Bazar Intl. Airport
Single line meter gauge
railway track from CTG to
Cox’s Bazar
Construction of a Deep
Seaport at Paira,
Patuakhali
Construction of a Deep
Seaport at Paira,
Patuakhali
150 kilometer Marine
Driveway from Teknaf of
Cox's Bazar to CTG
150 kilometer Marine
Driveway from Teknaf of
Cox's Bazar to CTG
26. Return on Investment Criteria in Hospitality
Industry in Bangladesh
Initial Investment
Debt Equity Ratio
Location
Size and Standard of the Property
Nearly 6-8 years required to cover the
investment
Current Rate of Return is 12-15% based on Debt-Equity Ratio
27. Opportunities Ahead
Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicles
Agreement would establish people-to-people contract along with
expansion of trade among the four SAARC countries.
Government initiatives on Technological and Skilled Manpower
Development.
Announcement from Government on the increased flexibilities
on FDI.
Improved curriculum and increased interest on Tourism
Education.
Training, Workshops, Co-op programs are widely available.
Increase in Research Activity on Tourism.
28. “Year 2016”
Visit Bangladesh
Bangladesh is a hidden tourism treasure waiting to
be discovered.
Ample of opportunities to strengthen and refurbish
Bangladesh Tourism Industry
Tremendous opportunities to develop Adventure
Tourism and possibly Religious Tourism.
29. Develop a focused Destination Marketing Strategy and
campaigns.
More diversified and enriched Curriculum in Tourism
Education.
Tourism Research initiatives in national level and disseminate
research data to the industry.
Develop a holistic approach in building Sustainable and Eco
Tourism principles which delivers a range of outcomes.
Commitment to continuous Professional Development.
Initiatives to produce skilled labor forces, qualified tourism
marketers and penetrate Digital Marketing in promoting
tourism.
Recommended Initiatives
