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Myanmar looks for a new beginning
Myanmar’s democratic reform and an economy opening up to the world is encouraging investors to take a fresh look at the country.
Ministry of Hotels and Tourism figures show 221,190 visitors were recorded for Jan-Aug 2011, a 20.3 percent lift over 2010.
Myanmar tourism secretary Phyoe Wai Yarzar expects arrivals to increase by at least 20-25 percent for the 2011 financial year ending March 31.
China and Thailand account for 31.7 percent of all international arrivals, followed by South Korea and Japan.
Ministry of Hotels and Tourism director general U Aung Zaw Win says the target is to build 24,000 rooms in the budget, 2- and 3-star category hotels over the next few years. He says rooms in the country’s 739 hotels are fully booked till March.
Airline access is expected to increase with a proposal to scrap a tax on incoming flights well before Myanmar takes over chairmanship of ASEAN in 2014.
By Paul Chern
Ian Jarrett
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