February 7, 2007

Radisson Water Garden Hotel, Dhaka, earned $9.52 million

Radisson Water Garden Hotel, Dhaka is part of U.S.-based Carlson Hotels Worldwide. It’s a local joint venture of Sena Kalyan Sangstha and Army Welfare Trust. The hotel management said that it earned $9.52 million in the first year of its operation.

All Headline News reported:

"Although any political deadlock hampers any business, we were less affected compared to others during the political turmoil due to our location, which is another significant reason behind success," General Manager of the Dhaka Radisson Hotel Ian R Barrow told reporters at a press conference marking its first anniversary.

Barrow is very much optimistic about the future hospitality business in Bangladesh with a strong potential for growth.

"Our revenue earnings within less than one year are not only the highest in the local hotel market but also among the Radisson group in the Asia Pacific region," Director (Sales and Marketing) of the hotel Saeed Ahmed said.

The management’s expectation is that it will increase in future in Bangladesh.