Bangladesh’s luxury hotel industry is experiencing a downturn as political uncertainty reduces the number of foreign guests, according to a top executive of the local hospitality sector.
The decline in international visitors is putting pressure on high-end hotels that rely heavily on business travelers and tourists, said Shakawath Hossain, chief executive officer of Unique Hotel & Resorts PLC, which owns The Westin Dhaka, Sheraton Dhaka, and HANSA.
