Seize Investment Opportunities in Myanmar …
… in TOURISM AND HOSPITALITY
The Government of the Republic of the Union of Myanmar warmly invites responsible investors to seek and seize business opportunities in Myanmar to accelerate sustainable economic growth.
The tourism and hospitality sector in Myanmar is evolving rapidly since the political and economic opening of
At the moment, foreign tourists (on their first short-term visit to Myanmar) mostly visit Yangon, Bagan, Inle Lake / Nyaung Shwe as well as Mandalay. However, Myanmar offers to date unexplored treasures of natural beautyin the whole of the country from Kawthaung in the tropical South-East to Putao in the Himalaya.
The table displays the current distribution of hotels, motels and inns/guesthouses in Myanmar and reflects the considerable under capacity of available accommodation in numerous locations outside of the urban centers Yangon and Mandalay. There is a need for both, affordable as well as high-class accommodation depending on the current demand.
TABLE: Distribution of available capacity of hotels, motels, inns/guesthouses (in FY 2016-2017)
|State / Region||No. of hotels, motels and inns||No. of rooms|
Foreign investors may engage independently in hotel developments of 3-stars or higher standard, whereby local investors are encouraged also to consider opportunities in offering budget accommodation through guesthouses at international standards. For foreign companies, investments in tour companies, travel agencies, budget hotels, amusement parks and tourism-related public infrastructure projects are permitted on a joint-venture basis.
- Exploring new high-potential investment locations in hospitality and tourism
- Developing eco-tourism (e.g. development of eco-tourism oriented hotels and lodges along with respective activities such as trekking routes or tours)
- Building cultural and community-based tourism (e.g. development of shops for the sale of locally produced cultural artifacts)