A total of 1,240 hotels and guesthouses have been licensed nationwide and 32 of them are implemented with foreign investment, according to the Ministry of Hotel and Tourism.
Most of the hotels in Yangon, Mandalay, Bagan, Kawthoung, Tachileik and Myeik are being developed with foreign investment.
Yangon has 317 licensed hotels and Mandalay has 375, as of October.
Citizens and foreign investors have applied for hotel licences from the Myanmar Investment Commission (MIC).
During a MIC meeting in September, two more hotel licences were permitted under citizens’ investments in Yangon and Nay Pyi Taw, and one foreign-invested hotel project in Tanintharyi Region was licensed.