Myanmar Tourism:
If you are looking to investing into Myanmar tourism, travel, and hospitality industry, take note. Myanmar celebrated “Thingyan” or the water festival not too long ago, which is the celebration of New Year according to Myanmar calendar. Most offices are closed for 10 days during the Myanmar New Year and all companies are typically closed for 6 to 7 days. It is usually the longest holiday of the whole year. Bus stations are crowded with folks who are going back to their homes and for vacations. During this holiday, Myanmar tourism is in full bloom and hotel and resorts operators are taking advantage.
Among the vacation spots, beaches are one of the most popular destinations and Chaung Tha is among those beaches. It is the nearest beach from Yangon usually about a 5 hour drive. Bungalows and hotels were in full swing preparing for the holiday and they have double the room rates this year. Even though they have set high room rates, all rooms are always fully booked by the time every year.
“We have made some changes with the room rates. It will start from 45,000 Kyats ($54) to 70,000 Kyats ($85)” told by the owner of Grand Hotel (ChaungThaBeach), U Min Kyaw Oo. “Yes, we have changed the hotel room rates. It will be 140,000 Kyats ($170) for a double room” told by the one of the staff from Lai Lai Hotel. Myanmar tourism is evidently going through a positive transformation and tour and package vacations to Myanmar is seen an increase in demand.
Hotel Max, one of the well known hotels in Chaung Tha Beach told that all of their rooms are fully booked for Thingyan. The room which used to cost 40,000 Kyats ($48 ) changed to 60,000 Kyats ($73 US Dollars) to 88,000 Kyats ($ 107) as told by Hotel Max.
Ngwe Saung beach, the beach which is not very far from Chaung Tha Beach is also popular, especially with the foreigners. Room rates from Ngwe Saung Beachwere also raised for the upcoming Thingyan water festival, the Myanmar New Year.
Given these tourism facts, it is clear that Myanmar tourism is benefiting from increased tourism and local people being able to afford a holiday. If you are looking to take advantage of investing in Myanmar tourism and overall hospitality industry this is the time to do it. The service industry has seen a boom in the last few years and it only shows positive signs for now.
