What are your expectations for the homestay and ecotourism segments, and how is this likely to impact the market for hotels and lodging houses?
What are your expectations for the homestay and ecotourism segments, and how is this likely to impact the market for hotels and lodging houses?
Myanmar has emerged in recent years as a sought-after tourist destination in a region known for its tourism attractions. Since the country opened its doors through political reform in 2011, many have been attracted to its diverse landscapes, rich culture and heritage. While infrastructure challenges remain, and low hotel occupancy rates affect...
To what extent does the new Tourism Law address the concerns of both local and foreign tour operators, and ecotourism players?
After years of delay, the Myanmar Tourism Law was enacted by the Parliament in September 2018. By-laws were being drafted late in the year and are expected to take effect 90 days after enactment. The law replaces the 1993 Myanmar Hotel and Tourism Law, which has been the main legal and regulatory document guiding tourism over the past 25 years...
How have changes to the legal framework affected levels of foreign direct investment (FDI)?
With the adoption of well-structured and pertinent legislation, Myanmar’s mining sector is taking the necessary steps to encourage much-needed foreign investment. Following the passing of amended mining legislation in 2015 and the publication of new Mining Rules in February 2018, policymakers have strengthened the sector’s legal structure,...
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