HomeMMBIZ NewsTourism Earning Sees Increase in 2014

Tourism Earning Sees Increase in 2014

Myanmar tourism earning has reached $905 million in 2014, more than a fivefold increase from 2004’s $171 million, according to the Ministry of Hotels and Tourism.

Tourist arrival in 2014 stood at 2.4 million as of October, while the number stood at 500,000 in 2004.

Since Myanmar’s nominally civilian government took power in 2011, tourist arrivals shot to 1.06 million in 2012 and 2.04 million in 2013.

Myanmar targets to earn over $1 billion from three million tourists by the end of this year.

According to official statistics, Myanmar saw the opening of over 1,000 hotels, motels and guest houses in 2014, making available about 41,000 rooms across the country.

The 2014 figures were up from 731 in 2011 with over 25,000 rooms getting added during the current government’s tenure. Most of the hotels are located in Yangon, the commercial hub of Myanmar.

There is a total of 39 foreign-invested hotels and commercial complexes across the country, mostly in Yangon and Mandalay regions.

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