Myanmar's Tourism Revenues on track to surpass $1 billion this year

[SeaVisionBurma]

Tourism revenues will surpass US$1 billion this year as the number of visitors to the country continues to surge, the Ministry of Hotels and Tourism said.

From Eleven Myanmar Media

The ministry said it excepts more than 3 million foreign tourists to visit the country this year, up from about 1.05 million in 2012 and about 2.04 million last year.

As of the end of May about 1.2 million tourists had visited Myanmar, the ministry said.

The industry has seen spectacular growth since the government launched its economic reforms three years ago, eclipsing most other industries.

It generated revenues of $534 million in 2012 and $926 million last year. In the first five months of this year it generated revenues of $552 million, putting it on track to easily surpass $1 billion by year-end.

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