Yangon visitor arrivals soar 44%

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Yangon airportMyanmar’s commercial capital Yangon witnessed a 44 per cent rise in foreign arrivals during the first four months of 2013, according to official data. Sixty-four per cent of those visitors were classified as tourists, with the remainder being business travelers, indicating the substantial interest the city has attracted from the international business community.

From January 1 to the end of April, 253,136 foreign visitors were welcomed through Yangon International Airport, 67,460 of them Europeans, the Myanmar Times reported.

Travelers from Asian nations represent more than 60 per cent of the total arrivals, with holders of Thai, Japanese, South Korean and Chinese passports leading the way.

Among European arrivals, France was the main source market followed by Britain and Germany, according to Ministry of Hotels and Tourism figures.

Tourist arrivals in Myanmar topped the 1 million mark for the first time ever in 2012, and that number is expected to reach 1.3 million this year.

The wave of new visitors coming into Yangon has burdened tourism infrastructure, such as the international airport, and sent the prices of hotels and premium-serviced apartments skyrocketing.

Yangon has a dramatic supply-demand imbalance in its top-tier property offerings, creating a market with prices over that of Los Angeles.

Apartment rents in Yangon have reached the level of Bangkok in city center prime property rent, or $570 for a one bedroom.

 

 

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Reading Time: 1 minute

Myanmar’s commercial capital Yangon witnessed a 44 per cent rise in foreign arrivals during the first four months of 2013, according to official data. Sixty-four per cent of those visitors were classified as tourists, with the remainder being business travelers, indicating the substantial interest the city has attracted from the international business community.

Reading Time: 1 minute

Yangon airportMyanmar’s commercial capital Yangon witnessed a 44 per cent rise in foreign arrivals during the first four months of 2013, according to official data. Sixty-four per cent of those visitors were classified as tourists, with the remainder being business travelers, indicating the substantial interest the city has attracted from the international business community.

From January 1 to the end of April, 253,136 foreign visitors were welcomed through Yangon International Airport, 67,460 of them Europeans, the Myanmar Times reported.

Travelers from Asian nations represent more than 60 per cent of the total arrivals, with holders of Thai, Japanese, South Korean and Chinese passports leading the way.

Among European arrivals, France was the main source market followed by Britain and Germany, according to Ministry of Hotels and Tourism figures.

Tourist arrivals in Myanmar topped the 1 million mark for the first time ever in 2012, and that number is expected to reach 1.3 million this year.

The wave of new visitors coming into Yangon has burdened tourism infrastructure, such as the international airport, and sent the prices of hotels and premium-serviced apartments skyrocketing.

Yangon has a dramatic supply-demand imbalance in its top-tier property offerings, creating a market with prices over that of Los Angeles.

Apartment rents in Yangon have reached the level of Bangkok in city center prime property rent, or $570 for a one bedroom.

 

 

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