Number of hotels reach 1000

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Five-star Shangri-La hotel in Yangon (Photo – KyiNaing/ EMG)

The number of hotels in Myanmar has increased to 1,000, according to a report from the Ministry of Hotels and Tourism.

The country presently boasts six five-star, 17 four-star, 83 three-star, 116 two-star and 102 one-star hotels as well as the ministry-approved 599 hotels, motels and inns.

The combined capacity is at 38,722 rooms, considered low and insufficient in comparison to the tourist arrivals.

The ministry has projected for further expansion of the hotel industry and this year will see new hotels entering the market. Several new hotels are joint ventures with foreign investors.

The additional hotel rooms will cater to the growing tourism industry. As of May, the country saw tourist arrivals to have reached 1.2 million. It is projected for 3 million tourists for this year.

Among foreign tourists, 70 per cent are Asians, followed by Americans, Europeans and Africans.

Source : Eleven Myanmar