Swissôtel Hotels & Resorts to enter Bangladesh hotel market
In addition to Swissôtel's recently announced hotel projects in a growing number of dynamic markets such as China, India and Russia, Swissôtel Hotels & Resorts is expanding the portfolio with its first hotel in Bangladesh. The Swissôtel Dhaka is located in the new Business District of Gulshan and is scheduled to open in 2018.
With its population of 20 million, Dhaka is one of the largest cities in South Asia and is both the capital city and major industrial center of Bangladesh strategically located between India and Myanmar. The close proximity to China and Thailand enhances the strategic importance of Bangladesh as a country with a rapidly growing economy supported primarily by manufacturing and textile production.
According to Meinhard Huck, President Swissôtel Hotels & Resorts, "Dhaka is experiencing sustainable growth, particularly in the financial and textile manufacturing sectors, but also in telecommunications and service industries which has resulted in strong demand for high quality hotel accommodation."
The Swissôtel Dhaka is developed by the Bengal Group, founded in 1969 by the Chairman Morshed Alam. The Bengal Group has diversified interests in many business sectors including plastic products, textiles, renewable energy, food, media, financial sector and real estate. Bengal Plastic is the world's largest manufacturer of coat hangers, producing more than two million hangers daily, whilst its clothing division supplies mainly denim to major clients such as Walmart, Sainsbury, The Children Place, VP Corp and others.
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