Economic Contribution of Tourism in Bangladesh : Capital Investment Perspective

Tourism is a growing industry in Bangladesh. With the notable progress of Bangladesh’s economy, international tourism has developed rapidly and domestic tourism achieved similar growth. It was reported that international tourism receipt in 2017 is 344 million US dollars, with an annual growth rate of 10.91 percent from 1995. The value has grown almost ten times since 1995. International tourism turned out to be a new growth point in many areas of Bangladesh. Though some qualitative analyses have been done in this context, but there is no statistical or econometric analysis on economic contribution of tourism in Bangladesh. In this context, this study is an attempt by the researchers to know about the policies for tourism sector development in Bangladesh to examine the impact of capital investment on tourism in Bangladesh and to find out limitations and suggest some policy implications for the development of tourism sector. This paper uses both qualitative and quantitative method. Policies, limitation and policy recommendations are analyzed by qualitative method and the impact of capital investment on tourism is determined by quantitative analysis. Without maintaining proper strategies in the sector, it may be lag behind in making its potential contribution in national economy.