Mandalay Region leads other cities and tourist destinations in Myanmar with 302 new hotels approved, according to data from Ministry of Hotels and Tourism.
Out of 960 hotels granted operating licences across Myanmar over the last year, 302 have been opened in Mandalay while 238 have opened in Yangon Region.
The data released by the Ministry of Hotels and Tourism between July 2013 and February 2014 shows that 1,102 travel firm licenses, 190 transportation licenses and 3,341 tour guide firm licenses have been issued across the country.
Over two million tourists visited Myanmar in 2013; a figure that has been consistently doubling every year since the government initiated a series of political and economic reforms in 2011. This year is expected to attract 3 million visitors.
Many hotels are situated in popular cultural zones and tourist attractions with 90 percent of all hotels in Mandalay, Yangon, Ayeyawady, Bago regions, Shan State and Rakhine State.
Local investment in hotels and tourism is up by US$ 526.79 million by March 2014.
Source: ELEVEN Myanmar