Investment and Development for Tourism and Hospitality Revenue Collection in Bangladesh

ABSTRACT

This review paper consists of details about Bangladesh's total revenue from tourism with the actual figure, investment amount, employment status, and roles of government and private organizations in the tourism and hospitality industry. The chapter also shows data from different sources like Bangladesh Tourism Board (BTB), Bangladesh Parjatan Corporation (BPC), World Travel and Tourism Council (WTTC), United States Agency International Development (USAID), National Board of Revenue (NBR) and different ministries of the Government of Bangladesh (GOB). The chapter finds new steps that are taken to make the tourism industry more attractive. New infrastructure, projects, and marketing activities that are currently done by government and private organizations are also mentioned. Effects of COVID-19 on Bangladesh's tourism was also focused with detailed statistics about total job loss, and industry-wise revenue loss. Other barriers and shortcomings that stop international tourists from coming to the country and resulting in low revenue collection were also identified. Recommendations were made based on former research results and observations from news portals, journals, and other sources. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021.