New more hotel zones to be built in Myanmar airport areas

Source:Xinhua Published: 2012-10-19 14:37:33

More hotel zones will be built in areas between Myanmar's Yangon International Airport and the planned Hanthawaddy International Airport in addition to the existing zones in a bid to fulfill the hotel demand as the number of foreign tourists visiting the country is on the rise, local media reported Friday.

The new hotel zones are to be introduced under the Yangon urban development strategic project which is expected to be finalized for implementation by December 2013 along with the project of the Hanthawaddy Airport, reported the Biweekly Eleven News.

Lands in Mingaladon, Htaukkyant and Hlegu, which are within Yangon region, have been earmarked for setting up the new hotel zones.

Since foreign investment is being invited for the development of the zones, entrepreneurs from Japan, Singapore and Vietnam are discussing with the authorities concerned for the move.

The existing hotel zones in Myanmar lie in Nay Pyi Taw, Yangon, Mandalay and Bago, Rakhine, Mawlamyine, Bagan, Taunggyi, Chaungtha, Golden Triangle and Ngwehsaung.

Official figures show that by February 2012, there was a total of 739 hotels in Myanmar including 22 foreign invested hotels, four joint-venture hotels, six government hotels and 707 private- owned ones.

Myanmar earned $1.064 billion as of July 2012 from hotel and tourism sector.

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