Myanmar plans tourism festivals
According to the ministry's figures, in the fiscal year 2005-06, a total of 660,206 tourists visited Myanmar.india Updated: Jun 12, 2006 12:47 IST
Myanmar is planning tourism festivals to attract more visitors to the country with the assurance of their security, the local weekly Voice reported Monday.
Quoting the Ministry of Hotels and Tourism, the report stressed the important role of the private sector in the development of the tourism industry.
The ministry is urging private tour operators to cooperate with the government, saying that assistance will be rendered to them in the implementation and in winning international links in the sector.
According to the ministry's figures, in the fiscal year 2005-06, a total of 660,206 tourists visited Myanmar. Of them, cross-border tourists accounted for the majority with 427,980.
The fiscal year's tourist arrivals have hit a record high in the past five years, registering an earning through tourism during the year at over $150 million, up from only $17 million in the previous year.
More figures reveal that contracted foreign investment in the sector of hotels and tourism has so far amounted to $1.06 billion since Myanmar started opening up to such investments in late 1988. The investment in hotel projects amounted to over $580 million.