Dhaka outshines its peers in hospitality market
Many a worry has been posed on the tourism of Bangladesh. Comparisons have been made with other countries with thriving Tourism and Hospitality industry. With last year's politically thwarted holiday season, all these woes were nothing but almost confirming evidence of the industry's struggling reality.
This season however, holiday businesses are looking confident again. A new report has already found Dhaka's average hotel occupancy to be the fastest growing hospitality market in the South Asian region. The region's occupancy average is 69% with an annual rate of return of US $153. A US based research group focusing on hospitality, Bangladesh has found to have outstanding potential for development in this sector.
Dhaka has been found to have 50%-55% Gross Operating Profit margins, while other cities in the economy appropriate 30%-35%. A decades growth of 7.13%, annual growth rate of demand was 7% while it was supplied with 6.3%. Peaking during 2010-12, supply of hotel rooms in the organized market is only 3500, while 2600 room increases have been planned.
Hotel owners make hay in tourist areas
In this winter holiday season, the tourism is back on the saddle. Cox's Bazar and St Martin one of the prime locations for holidaymakers, quality accommodation is also best available there. Consequently like most other holiday seasons, room rates have jumped from Tk 4000 to Tk 8000 per night. With 20 three-star and 7 five-star hotels nearly doubling prices, the Beach Management Committee is remaining mute. Popular destination Bandarban is facing similar situation with accommodation and food.
Many a worry has been posed on the tourism of Bangladesh. Comparisons have been made with other countries with thriving Tourism and Hospitality industry. With last year's politically thwarted holiday season, all these woes were nothing but almost confirming evidence of the industry's struggling reality.
This season however, holiday businesses are looking confident again. A new report has already found Dhaka's average hotel occupancy to be the fastest growing hospitality market in the South Asian region. The region's occupancy average is 69% with an annual rate of return of US $153. A US based research group focusing on hospitality, Bangladesh has found to have outstanding potential for development in this sector.
Dhaka has been found to have 50%-55% Gross Operating Profit margins, while other cities in the economy appropriate 30%-35%. A decades growth of 7.13%, annual growth rate of demand was 7% while it was supplied with 6.3%. Peaking during 2010-12, supply of hotel rooms in the organized market is only 3500, while 2600 room increases have been planned.
Hotel owners make hay in tourist areas
In this winter holiday season, the tourism is back on the saddle. Cox's Bazar and St Martin one of the prime locations for holidaymakers, quality accommodation is also best available there. Consequently like most other holiday seasons, room rates have jumped from Tk 4000 to Tk 8000 per night. With 20 three-star and 7 five-star hotels nearly doubling prices, the Beach Management Committee is remaining mute. Popular destination Bandarban is facing similar situation with accommodation and food.
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