New Five-Star Hotels Set to Elevate Dhaka’s Luxury Hospitality

Industry: Hotel & Resorts, Leisure

Dhaka is poised to welcome four new five-star hotels in the next three years, catering to the growing demand for luxury accommodation in Bangladesh. Swissôtel Dhaka, a collaboration between Bengal Hotels and Resorts and Swissôtel Hotels & Resorts, will boost the city’s reputation as an international event destination and attract high-profile guests. Additionally, Borak Real Estate Ltd (BREL) has partnered with Indian Hotels Company Ltd (IHCL) to operate Taj and Vivanta branded hotels in Gulshan.

These developments reflect Dhaka’s increasing capacity to provide upscale lodging, which will further grow with the upcoming third terminal of Hazrat Shahjalal International Airport. The investments in these hotels, totaling Tk 5,000 crore, will generate around 1,400 job opportunities. However, the sector faces a shortage of skilled professionals, necessitating the hiring of foreign experts. Despite challenges posed by the pandemic and ongoing crises, the hospitality industry in Bangladesh continues to thrive, driven by the country’s resilient economy.

Source for more details:

Related News

InterContinental Dhaka Seeks Tk900cr Govt-Backed Loan to Avert Bankruptcy

May 13, 2025

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.

Diplomatic Tensions Cut Bangladeshi Medical Travel to India

March 4, 2025

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.

Bangladeshi Travel to India Falls Over 28%

January 13, 2025

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 Partners With Easy To Europe And Tripzik

December 31, 2024

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.

Tourism Stifled by Political Unrest and Economic Slump in 2024

December 26, 2024

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 Partners with InterContinental for Cardholder Benefits

December 11, 2024

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.

Related News

InterContinental Dhaka Seeks Tk900cr Govt-Backed Loan to Avert Bankruptcy

May 13, 2025

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.

Diplomatic Tensions Cut Bangladeshi Medical Travel to India

March 4, 2025

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.

Bangladeshi Travel to India Falls Over 28%

January 13, 2025

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 Partners With Easy To Europe And Tripzik

December 31, 2024

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.

Tourism Stifled by Political Unrest and Economic Slump in 2024

December 26, 2024

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 Partners with InterContinental for Cardholder Benefits

December 11, 2024

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.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here