Tourism as an Element for Economic Growth in Bangladesh: Investment Analysis for Product and Service Development

Muhammad Khalilur Rahman () and Azizul Hassan
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Muhammad Khalilur Rahman: Universiti Malaysia Kelantan
Azizul Hassan: The Tourism Society

Chapter Chapter 6 in Tourism in Bangladesh: Investment and Development Perspectives, 2021, pp 79-88 from Springer

Abstract: Abstract In many ways, tourism can appear as a tool for developing both the local and national economies of a country like Bangladesh. A tourism product can be identified from conceptual understanding as the total psychological and physical satisfaction provided to tourists during their traveling en-route towards the destination. On the other side, tourism services are the offers or facilities related to travel and tourism, including hotel and restaurant services, catering, tour operators, travel agents, tourist guides, visa and immigration, and other relevant services. Thus, tourism products and services are designed to meet tourist demands comprehensively. This research from a theoretical base outlines the investment scenario for tourism products and service development in Bangladesh, which is an element for gross economic growth. This is a literature review based research that relied on published and online resources for data and information. Findings show that Bangladesh has abundances in tourism product and service offers. Existing tourism products and services are mostly nature-based because of the country’s geographical location and absence of required investments. However, the country’s tourism service and product development are experiencing gradual growth supported by investment flows and technology application. Thus, this research suggests that investment in tourism services and products in Bangladesh can be a valid economic growth element when supported by policies.

Keywords: Tourism; Products; Services; Investment; Bangladesh (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1858-1_6

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DOI: 10.1007/978-981-16-1858-1_6

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