Cost of Saint Martin's closure

The tourism industry in Bangladesh is anticipated to be greatly impacted by the nine-month closure of Saint Martin's Island. The island is a popular tourist destination that brings in a lot of money for local businesses like hotels, restaurants, and transportation companies. Communities and travel agencies that depend on tourism are under tremendous financial threat as a result of the closure because of the decline in the number of visitors.

The decision to shield the island's endangered ecology from pollution and excessive visitors is supported by conservationists, but its financial consequences are alarming. Reduced expenditures in tourism infrastructure and reduced employment could result from the lack of seasonal revenue.

In order to reduce economic harm, industry players stress the necessity of alternative tourism tactics, such as advertising other coastal locations. The prolonged shutdown may damage Bangladesh's tourism industry as a whole if appropriate steps are not taken.

Tahmina Rahman Hafsa

Student

Department of Finance & Accounting

North South University

hafsa.tahmina@northsouth.edu