Logo of Phnom Penh Post newspaper Phnom Penh Post - Dhaka to see six new luxury hotels

Dhaka to see six new luxury hotels

Content image - Phnom Penh Post
The InterContinental Dhaka is a prominent luxury hotel in Ramna in central Dhaka, the capital of Bangladesh. Photo supplied

Dhaka to see six new luxury hotels

DHAKA (The Daily Star/ANN)

Dhaka is set to welcome half a dozen international hotel chains over the next couple of years, brought about by the growing influx of business travellers to Bangladesh.

“The economy is expanding and so is the number of guests,” said Md Jashim Uddin, vice-chairman of Bengal Group of Industries, which is constructing a 370-room hotel in the capital’s Niketan area for about BDT 600 crore.

The property will be managed by Swiss hotel chain Swissôtel Hotels and Resorts. “We want to make the ultimate business hotel, which we do not have in the city yet,” he added.

Bengal is not the only local business group pouring in funds to expand the capital’s luxury hotel landscape; Jamuna, Marium and Premier are entering the fray too.

New business opportunities have come up for construction of large infrastructure projects such as the Padma bridge, Rooppur nuclear power plant, metro rail and LNG terminals.

At the same time, the flow of business travellers related to the export-oriented garment industry is set to get bigger as the apparel makers chase an export target of $50 billion in 2021.

Altogether, the new hotels are expected to bring forth investment of about BDT 5,400 crore, according to industry insiders and a banker.

Marium Group is establishing a 200-room hotel in Hatirjheel area for about BDT 1,500 crore. The property will be christened the Holiday Inn Dhaka City Centre and is expected to open its doors to guests by the end of this year.

“There is a huge demand for luxury hotels. In fact, it is more than the supply in the city,” said Alam Ahmed, managing director of Holiday Inn.

Jamuna Group has struck a deal with Marriott International, the American luxury hospitality chain, to set up the 700-room JW Marriott Dhaka. The hotel will be located at Jamuna Future Park in Progoti Sarani. Premier Group is building JW Marriott’s sister brand Courtyard by Marriot in the capital’s Gulshan area. Unique Group, the parent company of Westin Dhaka, is establishing Sheraton Dhaka in Banani, while Lakeshore Hotels has teamed up with Thai hospitality group Dusit International to set up a business hotel in Uttara for BDT 150 crore.

Once all the under-construction properties become operational, the total supply of upscale hotel rooms in Dhaka will more than double to 3,000 from existing 1,250, according to industry operators.

The new entrants will also drive up competition, and possibly lower the room tariffs, said MA Awal, director of sales and marketing of Pan Pacific Sonargaon Dhaka.

He went on to state that the supply is growing faster than the demand. Al-Amin, director of sales and marketing of The Westin Dhaka, differs in opinion.

“The room rates in upscale hotels in Dhaka are high, which reflects the solid demand,” he added.

Shahidus Sadeque, director of marketing and business promotion of InterContinental Dhaka, which is expected to resume welcoming visitors later this year, has a similar position. The economy grew steadily in the last five-six years, but the number of international hotels has not increased to that extent, he said.

“Our market is under-supplied. We have only half a dozen of international hotel brands whereas Kolkata has more than a dozen of such hotels,” he added.

At present, five international hotel chains are serving in Dhaka: Marriott International’s brands Westin and Le Meridien, Radisson, Pan Pacific and Amari.

About 3.1 million visited Bangladesh in the last six years and the average occupancy rate in the upscale hotels in Dhaka is 60-70 percent, according to Syed Mehran Hussain, manager marketing of Four Points by Sheraton, which began operations last year. “And the number is increasing day by day. With the rise of visitors, the number of star-hotels is also increasing.”

MOST VIEWED

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong