43 THE COST AND MANAGEMENT ISSN 1817-5090, VOLUME-48, NUMBER-04, JULY-AUGUST 2020 Abstract This paper intends to examine the disastrous impact of Covid-19 on the fourishing tourism sector in Bangladesh. To achieve the research purpose, this study applies event study methodology. Daily closing prices of fve listed companies of Dhaka Stock Exchange (DSE) under Travel and Leisure category, DSE Index, Covid-19 variables namely, confrmed cases, lockdown days and restrictions on movement from 1st January 2020 to 25th March, 2020 have been considered for this study. The signifcantly negative cumulative abnormal returns of the companies during post-event period indicate their worst performance. Restrictions on movement and lockdown days have negative impact on the stock returns whereas confrmed cases have positive impact. The empirical fndings and recommendations of this study, will signifcantly beneft the concerned stakeholders to formulate appropriate policies to resuscitate this highly potential sector as well as to prepare for any unforeseen imminent crisis. Keywords: Covid-19, Crisis, Event study, Hospitality, Pandemic, Tourism, Travel. Introduction The current size of the Bangladesh tourism economy sits at about roughly Bangladesh Taka (BDT) 500 million, with a total revenue of USD 1157 billion since 2009 up to 2019. On an average, 550,000 people visit Bangladesh, that creates a whopping 2.23 million jobs. Attracting foreign tourists in Bangladesh is a challenge as it lacks sufcient tourism facilities. Bangladesh Tourism Board recorded the visitation of measly 267,000 foreign tourists Catastrophic Impact of Covid-19 on Tourism Sector in Bangladesh: An Event Study Approach Dr. Emon Kalyan Chowdhury Associate Professor & Head Department of Accounting CIU Business School Chittagong Independent University Chattogram, Bangladesh. Email: emonkalyanchy@gmail.com