Saturday, December 01, 2012
Business owners in Mandalay are seeing a rise in the demand for hotels with the steady influx of foreign tourists to Myanmar’s central region.
“The hotel shortage is not really due to the increasing number of tourists. There are not enough rooms for them in the first place,” said a businessman.
With approximately 8,500 rooms, Mandalay region has two four-star hotels, eight three-star hotels, 25 two-star hotels, 19 one-star hotels, and 21 other hotels with licenses to operate.
A hotel owner said it will take time before any new hotel can be built as local businessmen in the past had not been interested in investing in the hotel and tourism industry.
The government, meanwhile, has been planning to establish a new hotel zone in Tada-U, near the Mandalay International Airport.
Over 240,000 foreign tourists visited the region last year, with the number expected to rise this year.
Source: Weekly Eleven Media
Posted in: investment,markets,reports
