Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic.
The Tour Operator Association of Bangladesh (TOAB), a platform of 678 tour operators of Bangladesh, gave the estimation in a report titled “Impacts on Bangladesh Tourism and TOAB due to COVID-19”, reports BSS.
The tour operators’ apex body prepared the report, which was sent to the Bangladesh Tourism Board (BTB) on Tuesday, on the basis of a questionnaire answered by its members regarding inbound, outbound and domestic package loss, ticketing cost, office rent expenses, staff salary and other expenses from January to March 2020.
The report mentioned that tour operators already incurred loss of nearly Tk 15.00 billion and were forced to cut 5000 jobs in last three months.
It also found that outbound tour operators are mostly affected with Tk 3.40 billion loss followed by ticketing worth Tk 3.05 billion while inbound and domestic tour operators incurred losses of Tk 1.86 billion and Tk 1.00 billion respectively in last three months.
“After analysing the losses in last three months, we have estimated that we, the tour operators of Bangladesh, may loss nearly Tk 60.00 billion this year – from January to December – if the situation does not improve,” TOAB president Md Rafeuzzaman said.
Thanking Prime Minister Sheikh Hasina for the declaration of her financial package for service sector, including tourism, due to VCOVID-19 pandemic, he requested the government to disburse the loan immediately so that the tour operators can pay salaries and make other necessary payments at this difficult time.
“Other measures, like waiver of their taxes, can be taken so that they can cover the loss,” he said.
Earlier, in a letter to Civil Aviation and Tourism Ministry on Monday, TOAB president said around 4.0 million people are employed in the sector including tour operators, travel agents, hotels, motels, resorts, airlines, transportation, cruising and guiding of tourists.
“We have estimated the losses of around Tk 57.00 billion after consulting the members concerned and the loss will be higher if the situation worsens,” he wrote in the letter.
He also recommended the government to take immediate, short and long term measures, including making sufficient allocations for the tourism and hospitality sector for the next three fiscal years and demanded VAT waiver for them.
He also suggested the government for creating a fund of Tk 5.00 billion for promotion of tourism at home and abroad as a long-term initiative.
On March 13, the World Travel and Tourism Council said that up to 50 million jobs in the global travel and tourism sector are at risk due to the global COVID-19 outbreak.
The Bangladesh government has already formed a 14-member tourism crisis management committee headed by the Bangladesh Tourism Board (BTB) CEO to find the kind of incentives the tourism stakeholders need to tackle the crisis.
To contain the outbreak, both international and local airlines have been suspended almost all flights to and from Bangladesh, including those with India, Nepal, Thailand, Malaysia, Singapore, Saudi Arabia, Kuwait, Qatar, Oman the UK and Turkey.
Bangladesh was also forced to impose a ban on all travellers from Europe till April 14 which is also applicable to other nations that restricted Bangladeshis’ entry to their territories over the coronavirus.
The government suspended visa-on-arrival facilities for all nationals to enter Bangladesh to prevent the virus outbreak here.
