Construction of 22 hotels and guesthouses approved in Yangon within five months

Yangon Region accepted the construction of 22 hotels and guesthouses within five months worth of K 130,161 million and US$ 238.29 million, according to the press conference of Yangon region travel work committee held on September 23.

Yangon region travel work committee approved 37 hotel licenses, a hotel temporary license, 9 guesthouse licenses,   19 hotels with 2,360 rooms, 3 guesthouses, 315 travel licenses, 121 foreign tourism licenses, and 218 guide licenses.

Total investment volume of these businesses reached K 130,161 million and US$ 238.29 million. The foreign investment volume was K 5,490 million and US$ 25.22 million. The JV investment was US$ 213.07 million and Myanmar citizen investment K 124,221 million.

All the businesses approved Yangon region travel work committee provided 2,943 job opportunities.

“At present work permits are being issued eligible applicants by Yangon region travel work committee. There are inadequate staffs to scrutinize the businesses. Therefore, the proposal to appoint more staffs has been submitted to the Union level,” said Naw Pan Thinzar Myo, Minister for Kahin Ethnic Affairs.

During September in Yangon Region, Yangon region travel work committee approved four hotel licenses, a guesthouse license, a hotel with 224 rooms and 39 domestic tour licenses.