According to figures from the Myanmar Ministry of Hotels and Tourism, foreign direct investment in Myanmar’s hotel and tourism projects has reached almost USD 3 billion in 2016. Singapore (USD 1.6 billion) is on the top of the list as the biggest investor, followed by Thailand (USD 445 million) and Vietnam (USD 440 million). As of November 2016, FDI in the tourism sector had generated 56 projects, compared with 48 projects in 2015 that totaled USD 2.6 billion.
During the ATF, an annual regional event aimed at promoting ASEAN as one tourist destination and to boost intra-ASEAN travel, Myanmar also made a bid for more tourists to come explore its less-traveled beach destinations, such as Ngapali, as well as Myeik and Dawei in the Mergui Archipelago.
WHAT TO TAKE AWAY FROM THIS ARTICLE:
- During the ATF, an annual regional event aimed at promoting ASEAN as one tourist destination and to boost intra-ASEAN travel, Myanmar also made a bid for more tourists to come explore its less-traveled beach destinations, such as Ngapali, as well as Myeik and Dawei in the Mergui Archipelago.
- As of November 2016, FDI in the tourism sector had generated 56 projects, compared with 48 projects in 2015 that totaled USD 2.
- According to figures from the Myanmar Ministry of Hotels and Tourism, foreign direct investment in Myanmar’s hotel and tourism projects has reached almost USD 3 billion in 2016.
