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Myanmar Business Roundup (May 24, 2014)

investment business tourism Yangon airport China-Russia gas deal village infrastructure

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Max

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Burma’s Tourism Industry Predicted to ‘Benefit’ From Thailand Military Coup

Burma’s tourism industry will benefit this year from the military coup and political instability in neighboring Thailand, a travel trade magazine said.

“Despite effort to put a positive spin on [Thailand’s] declining tourist arrivals performance since January, travel firms have seen their business drop by 40% to 50%, mainly from key Asian source markets such as China and South Korea,” said TTR Weekly.

“Overseas tour companies, will be forced to recommend other destinations. That’s the nature of the game. In the region, Malaysia, Vietnam and Myanmar will benefit at Thailand’s expense at least for this year.”

The magazine said Thailand’s tourism industry was “already reeling from seven months of political unrest,” before the military stepped in.

The forecast that Burma will benefit from Thailand’s troubles follows a statement by Naypyidaw’s Ministry Hotels and Tourism saying that 1 million foreign visitors came to the country in the first four months of this year.

Ironically, the largest national group of visitors in the January-April period were Thais—600,000, mostly entering Burma via the two countries’ shared border.

Capacity of Rangoon Airport to Double as Plans for Hanthawaddy Stalled

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