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Myanmar Allows Hotel Building Spree - Report

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Myanmar authorities have permitted 166 new hotel projects with more than 7,800 rooms at major tourist spots in the past two months to cater to growing tourist arrivals, according to the country's Eleven Daily.

The newspaper sourced the report to quotes from Aung Zaw Win, director general at the Hotels and Tourism Ministry.

Economists say hotel and tourism is the most promising investment sector in Myanmar, the paper added.

(Reuters)