Economic Contribution of Sustainable Tourism Development in Bangladesh

Sustainable can be determine as, "development that meets the needs of the present without compromising the ability to meet the needs of future generations to meet their own. Sustainable development has to be ecological, economical, cultural and environmental consideration. In recent years the economic contribution from tourism export is satisfactory and it is increasing year to year, which is a positive trend for sustainable economic development of tourism sector of Bangladesh tourism industry with its enormous potentials is striving to reach at a satisfactory level in order to play the expected role in the economy of the country. As a major sector of the services economy, tourism is increasingly recognized as giving economic and social advancement for Bangladesh to reduce unemployment through creating jobs in this sector directly and indirectly. Tourist exports or currency spent of tourists from foreign counties to Bangladesh can be the main cash cow of immediate benefaction for this country. Tourism is naturally contributing to rural and remote area, especially in economically depressed remote and rural location, where maximum poor are living. The earnings from tourism exports in Bangladesh were BDT 15.4bn in 2014. The number of tourist forecaster to 23.9bn in 2027 with country ranking 12th in real growth, which will be generated BDT 25.64bn. The highest value of tourist exports over the last 10 years was 0.73% of total export in 2005. The direct contribution to GDP was 2.2% of total GDP in 2016 and the country ranking was 21st in total contribution. Capital investment scenario is optimistic which was 72.5bn in 2016. It is foretasted to raise by 9.5% over the next 10 years and amount will be BDT 201.8bn in 2027, which estimated 1st position in world ranking in real growth with 13.9% market share and 3rd position in long term growth with 9.3% market share. Tourism and travel created 1,568,000 jobs directly in 2016. It is foretasted that tourism and travel will increase of 0.6% jobs per Annam and number rise to 1,138,000 jobs at the end of the year in 2027 with country ranking of 99th in totality. For Economic Sustainability recourses should be managed to contribute forth coming generation.