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Theoretical Understanding and Perspective Analysis of Investment and Development in the Tourism and Hospitality Industry in Bangladesh

In: Tourism in Bangladesh: Investment and Development Perspectives

Author

Listed:
  • A H M Salimullah

    (University of Chittagong)

Abstract

In many countries, tourism becomes the fast mounting industry and a pivotal source of foreign currencies. In comparison with the developed part of the world, Bangladesh has demonstrated the emerging trend, and technology-based approaches that have flourished trade and investment and ultimately have played a revolutionary role to make this industry a real success. Despite its growth prospects and accomplishments, certain factors such as lack of proper guidance, academic knowledge, and lower financial investment from private and public institutions or firms have contributed to keeping this industry neglected for many decades. As a result, Bangladesh has not exposed her immense potentiality to boom this industry in practice, given the fact that she upholds the granary of all kinds of natural beauties and cultural legacy. Proper maintenance of natural resources during the last several decades may come up with substantial amounts to her national budget. Therefore, this chapter investigates the tourism-led-growth and the evolving trends of the development and investment in new, adventurous, and community-based tourist places such as augmented reality eco-tourism and smart tourism.

Suggested Citation

  • A H M Salimullah, 2021. "Theoretical Understanding and Perspective Analysis of Investment and Development in the Tourism and Hospitality Industry in Bangladesh," Springer Books, in: Azizul Hassan (ed.), Tourism in Bangladesh: Investment and Development Perspectives, chapter 0, pages 27-46, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1858-1_3
    DOI: 10.1007/978-981-16-1858-1_3
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