4. Introduction
COVID-19, an infectious disease caused by SARS-CoV-2, was
first identified in December 2019 in Wuhan, Hubei, China but
now the whole world is suffering from COVID-19 outbreak.
It creates an unstable and emerging situation around the
world.
Tourism and Banking industry stays at one of the major sector
which is going to look more shocking situation due to COVID-19
outbreak.
5. Covid-19 and Tourism Sector
Tourism is one of the sectors most affected by the Covid-19 pandemic,
impacting economies, livelihoods, public services and opportunities on
all continents.
Due to lockdown people cannot move from one place to another.
All international flights have been cancelled and stopped for long days.
Thousands of people working in tourism industry have started to
become jobless.
6. Economic Impact of Covid-19 on
Tourism Sector
In developing countries, where the tourism sector is of high importance to
the economy, the COVID-19 pandemic has had a significant negative
impact.
The travel and tourism sector contributes 4.4% of the GDP in each year.
But, it was predicted that international tourism would fall by 80%.
7. Impact of tourism on employment
The pandemic has an adverse.
effect on inbound and outbound tourism of Bangladesh. both the
hotel/motel and tourism industries.
have been badly affected in Bangladesh. The impact of the crisis
on tourism employment in the world.
was more muted, yet contractions in wages and working hours
were stark. Figure 3 shows the change in occupancy level of
luxury hotels in Bangladesh.
8. Impact On Employment In Tourism At Global Level
In the Philippines, employment losses and decreases in average working
hours in 2020 were
among the largest. In Viet Nam, the dire consequences of the crisis on the
tourism sector were
reflected primarily in decreasing wages
9. COVID 19 Impact On Travel Agency
As travel agencies work with bookings
in advance, they have sustained
considerable.
losses. Therefore, the demand for
travel reservations has significantly
decreased, and many tourists had to
cancel reservations due to changes in
the mobility restrictions
10. New Technologies In Tourism Industry Affected By
COVID 19
New technologies used in the pandemic based on this framework. These are:
1. Information quality.
2. Live stream conference to replace face to face conference.
3. 5G technology.
4. WiFi 6.
5. System quality.
6. Event facial checks in services with AI temperature check.
11. Social Impact of Covid-19 on Tourism Sector
Older Persons.
Persons with Disabilities.
Youth.
Families.
Indigenous Peoples
12. Positive Impact of Covid-19 on Tourism
Sudden increase in family outings to nature-based tourism.
Increasing rural tourism, agro-tourism.
Improved standards in health, travel, communication, shopping and sanitation.
Promoting organic products and changing the eating habits of tourists and visitors.
Tourism support – more awareness of nature, culture and ecology.
Restrictions on trade of wild animals.
13. Challenges faced by Tourist and Tourism
Industries
To identify the prospective spots that can attract the tourist of home and abroad.
To identify the facilities of tourism sector like accommodation, transportation,
restaurant, recreation etc.
To analyse the present position as well as performance of tourism industry of
Bangladesh in general.
To analyse the potentiality of various types of tourism in comparisons to country like
Bangladesh;
14. Potential Long Lasting Tourism From The Way
Of Recovery
Recovery way for Bangladesh and global.
Promotional branding, digital marketing needed.
Government takes on projects to revive tourism.
Restoring traveller confidence.
Ensuring Safety and hygiene.
Structural change in tourism supply.
Digitalisation in tourism services.
15. Impact of Covid-19 on banking sector of
Bangladesh and in the World
Covid-19 and Banking Industry:
Indian Company Law 1936 defines Bank as “ a banking company which receive
deposits through current account or any other forms and allows withdrawa
through cheques or promissory notes.”
Covid-19 has generated significant instability and high volatility across th
world, including financial markets and institutions in all possible dimensions. Fo
banks in particular, the pandemic generates multifaceted crises, mostly through
Negative
Impact
16. The Asian Development Bank predicts that the global economic cost of the
pandemic is likely to be between $5.8 and $8.8 trillion (about 6.4–9.7% of world
GDP). Bangladesh Bureau of Statistics shows, the growth of financial
intermediation are indicating downward trend over the years but drastic fall is
observed in 2020 compared to previous year.
Financial Difficulty Of Banking Management
During Covid-19
17. Impact on Banker
According to Bangladesh Bank statistics, 27,237 bankers of
Commercial banks affected by corona virus
and 143 bankers died from covid-19 upto June 2021.
18. Private Sector Credit Growth
The world bank group help developing countries by giving
financial support. It delivered an unprecedented 204
billion in financial support to public and private sector
clients.
As well as they make many project :
1.Project that are supported by COVID 19 Fast track
facilities, including COVID vaccine acquisition.
2. IBRD and IDA components funding for redemployment.
19. Credit By Economic Sector
Banking sector will negatively affected by the
pandamic, it is also critical for economic recovery
both nation and internationally.
1.Bankers can not contact directly with customers of
payment savings credit and risk management services.
2.Business man can not operate their their business.
3.In this economic condition Bangladesh bank reduce
the interest rate.
20. Liquidity Crisis
Higher loan concentration sectors are negatively
affected the world. It has identified banks liquidity
crisis from March to November 2020 for twenty
commercial banks.
Monetary policy Interest rate cuts were associated
with significant declines in the liquidity premium.
21. NPL Condition in Bangladesh
Non-performing loan (NPL) is a loan in which
the borrower is in default and hasn’t
made any scheduled payments of principal or
interest for a certain period of time. In
banking, commercial loans are considered
nonperforming if the borrower is 90 days
past due.
22. Important Policies taken by the Bangladesh
Government & Bangladesh Bank
1. Support of BDT 50 billion for export-
oriented industries to pay the salaries and
allowances of workers and staff.
2. Support of BDT 600 billion as working
capital loan facility for large industries and
CMSMEs.
Policies
23. Monetary, Exchange Rate and Bank
Liquidity
01.CRR: Cash Reserve Ratio (CRR) requirement
has been reduced from 5.5% to 4.0%.
02.Bank Rate: Bank rate has been reduced from
5.0% to 4.0%.
03.ADR: The advance deposit ratio (ADR) has been
extended from 85.0% to 87.0%.
04.IDR: The investment deposit ratio (IDR) has
been extended from 90.0% to 92%
24. Introduction of Credit Guarantee Scheme
and Foreign Exchange policy
1.To provide credit guarantee facilities for Cottage, Micro and Small
(CMS) Entrepreneurs, BB started a Credit Guarantee Scheme (CGS)
policy along with a fund of BDT 20 billion.
2.Extension of payment period: Banks permitted to extend LC usance
(payment) periods for the import of raw materials, agricultural implements
and chemical fertilizers.
3. Banks may, without repayment guarantee, advance credit up to USD 0.5
million for import of corona virus-related life-saving drugs, medical
kits/equipment, and other essential medical items.
