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A long-standing Thai hotel operator will break into Bangladesh this year in a move to diversify from business risk at home, where political unrest has dealt a blow to the tourism sector, reports Nikkei Asian Review.
Dusit Internatonal, a Bangkok-headquartered hospitality multinational, plans to open an 80-room business hotel in the Bangladesh capital of Dhaka within the year. It will be strategically located near Shahjalal International Airport as well as major industrial parks.
To this end, the Thai hotel operator just sealed a franchise deal with Lakeshore Hotels, a local hospitality company. The new 13-story hotel will be run as a Dusit Princess business hotel.
Bangladesh is emerging as a manufacturing alternative to China, and foreign business travellers are sharply increasing in number. Dusit apparently has set its sights on the growing hospitality demand there.
Dusit currently operates 29 hotels in eight countries around the world, with nearly half in Thailand, a market where the luxury segment is fiercely contested among domestic and foreign rivals. The company aims to boost its ratio of overseas revenue to 80 per cent of the overall figure by 2025, from around 20 per cent now. It plans to add 15 to 20 new hotels a year to its portfolio, primarily overseas.
source: http://www.thefinancialexpress-bd.c...tel-operator-Dusit-eyes-Bangladesh-for-growth
