A REFLECTION OF COVID-19 PANDEMIC ON THE TOURISM SECTOR IN BANGLADESH: FINANCIAL AND ECONOMIC ASPECTS

Abstract

Bangladesh has been experiencing the tourism industry as one of the most potential sectors proving a great contribution to the economy in recent years. However, at the beginning of 2020, this sector has transformed reversely by the consequences of the outbreak of COVID-19. Continuous restrictions on movement in domestic and international borders make the tourism sector employees jobless and generate fewer turnovers. This research attempts to quantify the adverse effect of COVID-19 on the tourism sector as well as the country's economy, spheres of tourism and business and suggests some short-term and long-term approaches to recover the situation. The study draws a contrast between past and present year trends, from where we may get vigorous and prevailing information about the pandemic significance and may contribute to initiating and implementing some suitable tactics for retrieval from the state in further heightening the tourism industry. This study may aid in the better understanding and identification of the demands of the general public in terms of tourism by the relevant authorities in the tourist sector. This will also assist in developing the potential of domestic tourism and preparing the tourism sites in Bangladesh for the post-pandemic phase by implementing appropriate measures in the short term.

Keywords

• COVID-19
• Tourism Sector
• Economic Loss
• Recovery
• Downturn
• Economy