Yangon regional tourism committee endorses projects worth K10.537 bln

The Yangon Regional Tourism Committee has endorsed hotels and guesthouse projects worth K10.537 billion, which are expected to create 252 jobs. The decision was taken during a meeting held yesterday at the Yangon Region government’s office.
The regional tourism committee has granted licenses to four hotels and one guesthouse, with room occupancy of 224. The ministry has also issued 39 inbound tour licences and one hotel construction permit, according to the committee.
So far, the regional tourism committee has issued licences to 37 hotels and nine guesthouses, and a temporary licence to one hotel, with a total of 2,360 rooms. Construction permits have been issued to 19 hotels and 3 guesthouses. Meanwhile, the committee has issued licences to 315 inbound tours, 121 outbound tours, and 218 tour guides. The total capital for hotels and guesthouses is estimated at K130.16 billion and US$238.29 million, with foreign companies investing K5.94 billion and $25.22 million, joint ventures putting in $213.07 million, and domestic companies parking K124.22 billion into projects. The projects have helped create over 2,900 jobs.

Earlier, the hotels and tourism sector was regulated by the Union government. Under the Myanmar Tourism Law 2018, the sector has been decentralized and more power given to the regional and state governments, said Naw Pan Thinzar Myo, the Yangon Region Minister for Kayin Ethnic Affairs and the deputy chairman of the regional tourism committee.
Yangon Region Chief Minister U Phyo Min Thein is the chairman of the committee.
The members of the committee include officials from the Ministry of Home Affairs, the Ministry of Religious Affairs and Culture, the Ministry of Labour, Immigration and Population, the Directorate of Hotels and Tourism, the Department of Environmental Conservation, the Yangon City Development Committee, the Union of Myanmar Travel Association, and Civil Society Organizations. (Translated by Ei Myat Mon)

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