Esclating Demands for Hotel Construction in Myanmar

With the addition of a million foreign visitors or more on a yearly basis, the country is in desperate need for more accommodation for visitors.

The Myanmar Investment Commission granted last year, the permission, for about $US2 billion of investment into hotels and tourism-related projects.

The international community is eyeing to invest in Myanmar tourism industry according to the Ministry.Among those interested in are majority from Asian countries. Some European countries have also expressed interested in the business. Many are making contact with the Ministry for investment sector.

Myanmar businessmen also made huge investment in the hotel businesses and about five proposals for hotel construction have been made per week according to the Ministry.