Bangladesh Hotels Face Booking Slump Amid Unrest
Skift Take
Luxury hotels in Bangladesh are facing a nearly 90% drop in guests and significant financial losses due to unrest, curfews, and travel warnings, with near-zero bookings reported for late July and August.
Bangladesh International Hotel Association data shows the number of guests in luxury hotels has decreased by almost 90% and room bookings have come down to only 10%. The quota reform movement is being described as shocking the system similar to the Covid-19 crisis as the unrest and curfew have resulted in no domestic or foreign tourists visiting luxury hotels. In addition to the mass cancellation of bookings by foreign guests, domestic events and programs are also being canceled or postponed. The hotels must still pay utility bills, salaries and interest on bank loans despite no income causing TK100 crore in losses across the industry each day. The remaining days of July and some of August are showing near zero bookings in luxury hotels. Several countries have issued travel warnings to Bangladesh, all resulting in hotels reporting no new bookings being made, in addition to all the mass cancellations. There are 20 five-star hotels in Dhaka, Chattogram&n
