Home MMBIZ News Thai Hoteliers Seek Cooperation in Myanmar’s Hotel, Tourism Industry

Thai Hoteliers Seek Cooperation in Myanmar’s Hotel, Tourism Industry

Thai hoteliers are seeking cooperation in hotel and tourism industry with Myanmar, officials told a press conference of Yangon HORECA Bizmatch fair last week.

The Hotel Restaurant and Catering Business Matching was held in Yangon last week along with a half-day seminar aimed at promoting the hotel supply chain cluster from Thailand to meet with small and medium enterprise (SME) hotel and restaurant entrepreneurs in Myanmar for future business transactions.

The business matching event aimed to find solutions to tackle the boom in tourism and hotel industry in Myanmar and the upcoming ASEAN Economic Community (AEC) 2015.

The event was attended by 21 companies from Thailand, covering a range of products, equipment, machines, accessories and service.

In 2013, Myanmar attracted over 2 million tourists, of whom 1.14 million entered through border gates and 885,476 through airports.

Myanmar targets 3 million tourist arrivals in 2014.

According to official statistics, bilateral trade between Myanmar and Thailand stood at $4.53 billion in the first nine months (April-December) of the current fiscal year 2013-14.

Of the total amount, Myanmar’s export to Thailand reached $3.55 billion while its import from Thailand stood at $971.46 million.

Thailand invested $9.995 billion in Myanmar as of January 2014 since 1988, making it second in Myanmar’s foreign investor lineup.

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