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 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. The number of high-end hotels in the city was about 2 or 3 about 5 years ago, but today there are dozens and counting. A few international hotel chains now operate in the city, but others are planning to build hotels here.
People are also involved in fishing and collecting seafood and sea products for their livelihood. Oysters, snails, pearls and their ornaments are very popular with tourists. Some people are involved in the transportation business for tourists. Cox’s Bazar is 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 that play important roles in the national economy.