Myanmar Tourism Q2 2019
The Myanmar tourism industry is at an embryonic stage of development and the outlook remains positive despite amultitude of challenges. A number of factors including relaxed visa restrictions, rising regional demand for air travel and improvedspending powers in crucial regional markets coupled with low-cost air travel will support market dynamics to 2023 and beyond.That said, Myanmar suffers from weak infrastructure and a very poor image in the aftermath of the Rakhine State ethnic cleansing in2017. Nevertheless, as the government reaffirms its commitments to future growth of the industry, we expect the next decade toprovide significant scope for lucrative growth.
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