Economy and Development
As one of the most beautiful and famous tourist spots in Bangladesh, the major source of economy in Cox's Bazar is tourism. Millions of foreigners and Bangladeshi natives visit this coastal city every year. As a result, a large number of hotels, guest houses and motels have been built in the city and coastal region. Many people are involved in hospitality and customer service orientated businesses. Number of high-end hotels in the city was about 2 or 3 about 5 years ago, but today there are dozens and counting, however no renowned international hotel chains operate in the city, but many hotel chains are planning to build hotels here, such as the Carlson Rezidor Hotel Group plans 2 Radissons here in 2015, and another in the port city Chittagong. Also, a Best Western hotel which opens in 2014, also Mövenpick Hotels & Resorts will open a Mövenpick Hotel in 2013.
A number of people are also involved in fishing and collecting seafood and sea products for their livelihood. Various kinds of Oyster, Snail, Pearl and their ornaments are very popular with tourists in seaside and city stores. A number of people are also involved in the transportation business for tourists. Cox's Bazar is also one of the few major spots for aquaculture in Bangladesh. Along with Khulna, it is considered a major source of revenue from foreign exchanges. Beside a mix of small-scale agriculture, marine and inland fishing and salt production are other industrial sources from this region that play important roles in the national economy.
Read more about this topic: Cox's Bazar, Important Educational Institutions
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