Govt to Spend $486 Million to Boost Tourism
22 April 2014
Burma’s government plans to spend US$486 million on 38 tourism-related projects between now and the end of the decade, according to a report by the travel-industry website eTurboNews. The report noted that tourism receipts had more than doubled between 2012 and 2013, from $400 million to $926 million. Citing a speech delivered by President Thein Sein, it added that the government was confident the country could increase visitor numbers from two million in 2012 to five million in 2015. By 2020, tourist arrivals are expected to reach more than seven million, with revenue from the tourism industry earning the country $10 billion in the same year.