Burma Tourism Market

Burma Tourism Market Outlook 2022 to 2032

[250 Pages Report] The Burma Tourism market is estimated to reach US$ 1.02 Million in 2022. As per the report, sales are forecast to increase at a robust 2% CAGR, with the market valuation reaching US$ 1.52 Million by 2032. Total sales in the Burma Tourism market represent 1-4% of the global tourism market.

Attribute	Details
Burma Tourism Market Estimated Size (2022)	US$1.02 Million
Burma Tourism Market Projected Size (2032)	US$1.52 Million
Burma Tourism Market Value-based CAGR (2022 to 2032)	2%
Burma Tourism Market Top Players Share in 2021.	1% - 4%

2017 to 2021 Burma Tourism Market Outlook Compared to 2022 to 2032 Forecast

Tourism in Myanmar (also known as Burma) was a developing sector. Now new applications for tourist visas are still being suspended as of February 2022. Myanmar has a lot of fantastic tourist attractions and potential, but much of the sector has to be developed. In comparison to her neighbors, Burma receives fewer tourists than even Laos. This is mostly because of its political climate. But with the junta's transfer of power to the civilian administration. Tourism is mainly developed by Myanmar’s government and a variety of tour operators gather a wide range of tourism.

In order to benefit the Burmese people economically and prevent the nation from becoming isolated from the rest of the world, advocacy groups have promoted tourism. The pro-democracy organization Voices for Burma declares, We believe that small-scale, conscientious tourism can produce more advantages than harm. We believe that visitors can have a positive overall impact if they are fully aware of the situation, take action to maximize their positive impact, and minimize their negative impact. Responsible travelers may benefit Burma most by contributing to local economies and small companies, as well as by bringing attention to the country's condition on a global scale.

Rapid Growth of online E- commerce market Influencing Sales

The global trend toward internet shopping is expanding quickly. Due to the ease of communication provided by the Internet, the digital world has grown to play a large role in people's lives today. One of the elements propelling the exponential growth of e-commerce enterprises in Myanmar is the increased responsiveness to social media communication.

Due to easy access to the Internet, individuals in Myanmar are comfortable with shopping and selling online today. According to a government survey, there were 68 million phone numbers in total, which is equivalent to 126% of Myanmar's 54 million people.

For instance, social media platforms like Facebook, Twitter, and Instagram have enabled people to connect and close gaps in their social networks, given content producers the tools to share information via digital media, and increased the reach of promotional marketing through online advertisements.

The Myanmar Times also covered the growing acceptance of social media platforms like Facebook, as well as streaming video services like Netflix, VIU, iFlix, and Joox, as well as gaming arcades.

Increasing Recreational Activities Expected to Boost the Tourism Industry in the Burma Tourism

Burma has so much to offer with its lush landscapes, urban jungles, exquisite architecture, historic temples, and inventive cuisine. Don't wait any longer - start searching for the region's undiscovered treasures right away. Burma is a treasure trove of fascinating cultural experiences, a golden nation of temples and pagodas. Myanmar is a genuinely underappreciated nation with many surprises in store, from sampling the local food and pagoda hopping in Yangon to hot air balloon excursions in Bagan and pristine vistas in Mandalay. It's the perfect place for adventurous, enthusiastic travelers who yearn for a once-in-a-lifetime experience that will satisfy their souls.

Yangon at Bogyoke Aung San Market this market, which is teeming with a wide variety of stores selling everything from Burmese antiques and handicrafts to jewelers, fabrics, clothing, and food, is a paradise where locals and tourists alike go to buy their necessities. To purchase as mementos, one might find some intriguing trinkets or even a longyi (a traditional Burmese outfit) to take as a souvenir.

Country-wise Insights

How are Government Initiatives Boosting the Tourism Industry in Burma?

Government Initiatives Expected to Boost the Tourism Market in Burma

As per FMI, sales in the Burma Tourism market are expected to grow at a CAGR of 2% over the forecast period.

The launch of the Myanma Tourism Bank (MTB) earlier this year is the latest effort by the government of Myanmar to promote growth in the country's burgeoning tourism sector. Offering low-interest loans to Myanmar's tourism players, the bank began operations at its headquarters in Yangon on May 6, with offices in the capital Nay Pyi Taw and Mandalay among those in the bank's ambitious plan for a network of 10 branches by the end of 2019.

Myanmar is extending its educational programs to teach the skills required for working in the tourist and travel industries as a result of the country's exponential growth in tourism. Training programs for tour guides and tourism management are offered by the Ministry of Hotels and Tourism's (MOHT) Tourism and Training School. A four-year degree in tourism is also being offered at two colleges, the National Management Degree College in Yangon and the Mandalar Degree College in Mandalay, thanks to a collaboration between the MOHT and the Ministry of Education.

Why is Burma Tourism Market attracting Tourists in Burma?

Digitalization Trend Expected to Boost the Tourism Market in the Philippines

because of its wealth of cultural and natural attractions, the majority of tourists refer to Myanmar, a new and emerging tourism destination in Southeast Asia, as the golden land. Due to its abundance of pagodas, temples, scenic locations, archaeological sites, snow-capped mountains, deep forests with abundant flora and fauna, rivers and natural lakes, unspoiled beaches and archipelagoes, 135 national races with their colorful costumes, and traditional arts and crafts, Myanmar is the most exotic and fascinating travel destination in Asia. Visitors will find Myanmar to be a beautiful, serene place with the warmest people on earth. The foundation of Myanmar tourism is its cultural traditions. Outstanding natural beauty and elegant temple architecture.

Category-wise Insights

Which Tourism Type is the Most Preferred?

Individuals are Preferring Cultural and Heritage tourism to visit Burma Tourism Popular Sites

A must-visit location for tourists who enjoy Buddha and beaches is Myanmar, the official name of the Southeast Asian country sometimes known as Burma. Numerous Buddhist temples can be seen all around this lovely country. Additionally, the Andaman Sea and the Bay of Bengal both have tranquil white beaches in this area. Travelers who want to see a more authentic side of Burma might visit this country since Myanmar is gradually opening up to foreign tourists. Read on to learn about the top tourist attractions in Myanmar if you're organizing a trip there and wondering which sites you absolutely must see.

What Type of Booking Channel is the Most Prominent Channel through the Forecast Period?

Online Booking is More Preferred by Tourists

Due to how easily it can be booked and made available through online platforms, tourism has increased in popularity. Due to the simple, hassle-free digital payment transfer, live tracking, and increased security offered by online booking and mobile application platforms, tourists choose to use them. Online booking is becoming increasingly popular all around the world since travelers can use the internet to research and compare information on trip destinations, hotels, restaurants, and other factors.

Which Age Group is more likely to Travel?

The popularity of Burma Tourism among Middle-aged and Youth Will Remain High

Since this age group is more likely to visit tourist attractions and is more interested in visiting adventure sites, it is anticipated that the number of tourists in the 26-35 age range would increase dramatically. Customers in this market place a high value on leisure and adventurous activities like sightseeing, scuba diving, discovering different islands, etc., and are more likely to visit well-known locations based on destination evaluations.

Competitive Landscape

To acquire a competitive edge in the market, the major players in the Burma tourism industry are concentrating on enhancing their services by including sales, new tour destinations, and package deals.

For instance:

• All of the locations that BIF will concentrate on show a clear absence of destination marketing by travel operators. Due to the existence of better and more accessible trekking areas in Myanmar, tour providers do not now promote Keng Tung, for instance. Keng Tung is frequently a major operators' throughput point.
• The BIF tour guide research study also emphasized the ASEAN Economic Community's opportunities and shortcomings (AEC)
• The Ministry of Hotels and Tourism in Myanmar oversees the training of tourist guides, which is carried out in Yangon by the Tourism Training School.

Scope of Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USA$ Million for Value
Key Region Covered	Southeast Asia
Key Countries Covered	Myanmar
Key Segments Covered	Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group, and Region.
Key Companies Profiled	EMH Tours & Travel group Aitken Spence Travel Intrepid Travel Legend Travel Asia Focus Travel and among others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Burma Tourism Market by Category

By Tourism Type:

• Cultural & Heritage Tourism
• Medical Tourism
• Eco/Sustainable Tourism
• Sports Tourism
• Wellness Tourism
• Others

By Booking Channel:

• Phone Booking
• Online Booking
• In Person Booking

By Tourist Type:

• Domestic
• International

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

Frequently Asked Questions

What is the current Burma Tourism market value?

The Burma Tourism market is expected to reach a valuation of US$ 1.02 Million in 2022.

What are the key trends driving the Burma Tourism market?

Growing popularity of Adventure spots, water spots, hiking, new tour launches, customized tours and increasing mergers and acquisitions etc. are the key trends driving sales in the market.

Who are the leading players in the Burma Tourism market?

Leading players operating in the Burma Tourism market are EMH Tours & Travel group, Aitken Spence Travel, Intrepid Travel, Legend Travel, Asia Focus Travel and among others

What is the market share of the leading players operating in the Burma Tourism market?

Leading players in the Burma Tourism market are estimated to account for approximately 1%-4% of the total market share.