Bangladesh Protests Severely Impact Hospitality Sector in Dhaka
In Dhaka, Bangladesh's capital, the hospitality sector is facing severe financial losses due to recent anti-government protests. Luxury and economy hotels experience massive booking cancellations and reduced occupancy. The political unrest led to significant economic fallout, affecting the hospitality and restaurant industries.
- Country:
- Bangladesh
In Dhaka, the capital of Bangladesh, the hospitality sector has been dealt a significant blow by recent anti-government protests. Luxury and economy hotels are grappling with empty rooms and substantial financial losses in the wake of the unrest.
Senior managers at various hotels have reported July as the worst month, with massive cancellations leading to severe economic repercussions. Hotels in areas like Gulshan, which cater to business travelers, have seen a dramatic drop in occupancy rates.
The political turmoil, which culminated in the fall of Prime Minister Sheikh Hasina, has left the hospitality sector reeling, with numerous hotels reporting ongoing losses. The interim government struggles to stabilize the situation, hoping for a gradual recovery in the industry.
(With inputs from agencies.)
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