Food and Baverage Made 49% Revenue in Luxury Hotels

State-owned InterContinental Dhaka has requested Tk900 crore in financial aid from the government to recover from mounting losses post-renovation. The proposal includes Tk400 crore via share issuance in the government’s name and a Tk500 crore long-term loan.

Bangladeshi medical tourists have dominated India’s medical tourism sector for years, making up nearly 70% of foreign patients. Between 2017 and 2022, their numbers grew by 48%, reaching 70.8% of total medical tourists in 2023. However, the fall of Sheikh Hasina’s government on August 5, 2024, led to diplomatic tensions, visa restrictions, and a sharp decline in Bangladeshi patients traveling to India.

Due to political instability and visa restrictions following Sheikh Hasina's fall on August 5, India has limited visa issuance to Bangladeshi citizens, causing a significant impact on tourism and business. There was a 28.44% decrease in Bangladeshi tourists visiting India in August, September, and October 2023 compared to the previous year.

Midland Bank PLC has signed a Memorandum of Understanding (MoU) with "Easy to Europe" and "TripZik Limited" at the bank’s head office. Under this agreement, both organizations will utilize Midland Bank’s advanced online Cash Management solution, Midland Cash Management (MCM), to streamline their daily business banking and cash management activities across the country.

In 2024, Bangladesh's tourism sector faced severe challenges due to economic slowdown, political unrest, and regional geopolitical tensions. Significant events, including national elections, regime change, and restrictions on tourism spots, hampered growth. Major floods and violence in the Chittagong Hill Tracts further impacted the industry.

Al-Arafah Islami Bank signed an agreement with InterContinental Dhaka to offer exclusive benefits to its La-Riba platinum credit Mastercard holders. The deal, finalized at the bank’s head office in Dhaka on Monday, includes a "Buy-One-Get-One" offer for cardholders.