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3 (April to Dec) Agriculture Fisheries Mining Manufacturing 401 1,827 1, Power Oil & Gas 309-3,220 2,049 T&C - 1,190 1,679 1,599 Hotel and Tourism Real Estate Industrial Estate 10 Others Total 1,419 4,098 8,011 4,916 Source - DICA

4 ( Till Dec'15) China India Japan Singapore 418 2,300 4,297 2,998 Thailand Malaysia ROK USA UK Vietnam Taiwan Hongkong Total 1,419 4,098 8,011 4,916 Source - DICA

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6 MYANMAR TOURISM INDUSTRY (2014) REVENUES $ 1.78 billion TOURISM FDI $2.4 billion INT L VISITORS 989,000 people AVERAGE EXPENDITURE PER DAY $170 AVERAGE LENGTH OF STAY 9 days OUTBOUND TOURISTS 565,000 people HOTEL ROOMS 43,000 rooms HOTEL ROOMS IN YANGON 13,000 rooms

7 Year Total Earnings (USD m) ,789 Average Expenditure per person per day Hotel Landscape in Myanmar S. No Place Number Rooms 1 Yangon ,146 2 Mandalay 142 5,809 3 Naypyidaw 58 4,884 4 Bagan 77 2,484 5 Nyaung Shwe 66 2,004 6 Ngwesaung 23 1,264 7 Tachileik 25 1,135 Total 1,106 43,243

8 (April to Dec) No Of Ventures Amount No Of Ventures Amount No Of Ventures Amount No Of Ventures Amount

9 Ngwesaung 2% Chaungtha 1% Ngapali 2% Nyaung Shwe 9% Bagan 16% Yangon 54% Mandalay 16% Tourists to Myanmar by Type Packaged Tours 23% Foreign, Independent Travellers 42% Business Trip 20% Social & Others 15% Source: NCRA Research

10 < > 50 Age Male Female Gender Package Independent Business Social Type of Travel 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: NCRA Research

11 Source: Ministry of Hotel & Tourism

12 Type Package Tours, Yangon 48,656 66,552 87, , , ,557 Foreign Independent Travelers, Yangon 61,884 79, , , , ,218 Business Travel, Yangon 36,392 42,553 48,549 69, , ,320 Entry Visa, Yangon 21,827 26,217 28,240 33,273 37,778 45,556 Others 19,007 20,021 23,303 22,981 43, ,038 Yangon Total 187, , , , , ,689 Package Tours, Mandalay 2,278 2,847 4,817 12,786 16,109 50,065 Foreign Independent Travelers, Mandalay 2,944 5,555 8,257 12,844 16,346 19,653 Business Travel, Mandalay Entry Visa, Mandalay ,072 12,215 Mandalay Total 5,553 8,861 13,442 26,433 33,771 82,462 Border Entry (Muse) 76,676 65,591 67,531 58,935 57,999 97,220 Border Entry (Moreh) ,242 Border Entry (Myawwaddy) 309, , , , , ,839 Border Entry (Kawthoung) 152, , , , , ,845 Total 731, , , ,369 1,058,995 2,044,297 Source: Ministry of Hotel & Tourism

13 160, , , ,000 80,000 60,000 40,000 20,000 0 Thailand China Japan South Korea United States Malaysia Singapore France Majority of international visitors are from neighbouring countries. Around 15% of visitors are from Thailand, and 12% are from China. In total, two-thirds of international visitors to Myanmar come from other Asian countries. Source: Ministry of Hotel & Tourism; NCRA Research

14 % of total supply in Myanmar % 29% 25% 20% 11% 13% 11% 10% 8% 8% 5% 7% 6% 0% Hotels Rooms Yangon Mandalay Bagan Taunggyi/Inle Lake Naypyitaw

15 2014 Border Visitors 1,400,000 1,200,000 1,000, , , , ,000 - Muse Moreh Myawaddy Kawthoung Tachileik Four border gates between Thailand and Myanmar Myawaddy-Mae Sot, Htee Khee-Phunaron, Kawthaung-Ranong Tacheleik-Mae Sai Mae Se in Kayah under development

16 No of Tourist 1,200,000 1,000, , , , ,000 - Yangon Mandalay Naypyitaw Mawlamyine

17 Hong Kong 5% Others 2% Japan 12% Thailand 15% Singapore 38% Vietnam 28% Hoang Ang Gia Lai (HAGL) One of the largest investors is Vietnam s HAGL, which has invested $440 million in Yangon property market. The mixed-use HAGL Centre in Yangon developed on an eight-hectare land in two phases. The first phase includes a 412-room hotel which will be operated by Spanish hotel chain Melia Hotels International

18 French hotel-chain Accor is the most aggressive entrant to hospitality sector in Myanmar. Its investments in Myanmar are: 366-room Max Novotel in Yangon 121-room Inlay Lake Myat Min Hotel, which opened in Jan room Pullman Yangon Myat Min Hotel, to be opened in room Sebel Yangon Myat Min long-stay Hotel, near the Yangon International Airport, to be opened in room Novotel Mandalay Mingalar Hotel, to be opened in room MGallery Hotel in Naypyidaw

19 Hotel Traders Hotel Sedona Hotel Novotel Hotel Park Royal Hotel Chatrium Hotel Inya Lake Hotel Kandawgyi Palace Hotel Green Hill Hotel The Governor s Residence The Strand Hotel The Savoy No. of Rooms Operator 496 Shangri-La International Group 366 Keppel Land 366 Accor Group 359 Pan Pacific Hotel Group 303 Chatrium Hotels and Residences 239 General Hotel Management 208 Htoo Trading [SDN] 108 Best Western 48 Orient Express Hotel 32 General Hotel Management 30 Uniteam Marine

20 Accommo dation Transport Tour Food Retail Service Hotel Buses Operator Restaura nts Hotel Shops Outlets Resorts Airlines Guide Tea Shops Souvenir Ships SMEs B&B,Inns Cruises Car Rental Street Vendors Markets Internet Cafes Homesta ys Taxis

21 Cultural Nature Adventure Cruise & Yacht MICE

22 Travel & Tourism GDP Contribution (US $ bn) Indonesia Thailand Malaysia Philippines Vietnam Cambodia Myanmar Source : World Travel & Tourism Council (WTTC)

23 No of Tourist 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - Thailand Cambodia Malaysia Vietnam Laos Myanmar Source : World Travel & Tourism Council (WTTC)

24 Scenario Conservative Mid -Range High International Arrivals 1,087,900 1,752,074 1,186,800 2,953,138 1,285,700 4,773,714 Daily Spending ( USD) Length of Stay (Days) Total Spend (USD) 1,664,487,000 3,153,732,892 1,815,804,000 5,315,648,717 1,967,121,000 8,592,685, % 20 % 30 % McKinsey predicts that Myanmar will attract 13.5 million visitors staying an average of seven nights by Assumptions are that tourist arrivals will increase at 27 percent each year for the first six years starting in 2010 and then at 18 percent each year to (This was the growth rate Cambodia experienced between 2000 and 2010). By 2030, tourism services could contribute $14.1 billion to GDP and employ around 2.3 million people, according to McKinsey report.

25 Vessal Itinerary Length of Trip RV Mahaythi Yangon-Twante-Yangon DayTrip RV Mahaythi Yangon-Maubin-Yangon 1/2 RV Mahaythi Yangon-Maubin-Kyaiklat-Phyarpon-Yangon 1/2 RV Mahaythi Yangon-Maubin-Sabaeyoo-Pathein-Ngwesaung 3/4 RV Mahaythi Yangon-Pyay 8 RV Mahaythi Pyay-Bagan 6 RV Mahaythi Bagan-Kalewa 7 RV Mahaythi Bagan-Mandalay 3 RV Mahaythi Mandalay-Bamaw 6 RV Mahaythi Mandalay-Pyay 8 RV Mahaythi Pyay-Pathein, NgweSaung 8 RV Mahaythi Pathein-Yangon 4 RV Pandaw 1947 Mandalay-Bagan 4/5 Pandaw II Yangon-Mandalay 13 Pandaw II Mandalay-Bagan 8 Pandaw II Mandalay-Pyay 8 Malikha Mandalay-Bagan ½ PV Paukan Bagan-Mandalay ½ Pandaw 1947 Yangon-Bagan-Mandalay-Sagaing 5 Pandaw 1947 Yangon-Prome-Magwe-Mingun-Sagaing 10 Pandaw 1947 Mandalay-Bamaw-Mandalay 8 Road to Mandalay Mandalay-Bhamo-Bagan 11 Road to Mandalay Mandalay-Bagan-Mandalay 7 Road to Mandalay Bagan-Mandalay-Bagan 7 Road to Mandalay Bagan-Mandalay 4 Road to Mandalay Mandalay-Bagan 3

26 No. of River Cruise Income per passenger Net Income (US$) Passengers (US$) , ,896 $ ,547 1,203,945 $ ,437 1,735,290 $ ,635 2,341,315 $ ,809 4,906,305 $ ,077 8,416,289 $465 Yachting Tours There are twenty -one licensed yachting tours in Myanmar. No. of Yachting Tour Visitors Net Income (US$) Income per Yachting Tourists (US$) , , , , , , , , , , , ,

27 In early 2013, FMI and Yoma Strategic took over 75% stake in Shwe Lay Ta Gun, the operator behind Balloons over Bagan. The 75% stake cost $10.7 million a multiple of 7.5x earnings. Balloons over Bagan was founded in 1999 and has eleven balloons in operation. Oriental Ballooning Myanmar owned by Amata Group flights in Mandalay,Bagan, Inle, Pindaya & Ngapali. In addition, Golden Eagle Ballooning, which is a subsidiary of Golden Express Tours, which is the first balloon tour operator in Myanmar since 1999.It operates three balloons in Bagan The Department of Civil Aviation in Myanmar has warned that it will only maximum of 20 balloons in one destination.

28 revenues ($) 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , No. of Ballooning Tourists % CHG Net Income (US$) Income per Ballooning Tourist (US$) Ballooning Tourists as % of Total Int l Visitors to Myanmar ,940 NA 719, % ,886 66% 977, % ,919 21% 1,441, % ,024 36% 1,979, % ,362 42% 3,109, %

29 S No Route No Of Flights Capacity Occupied Occupancy Rate 1 Bangkok -Yangon 5, , , % 2 Singapore -Yangon 2, , , % 3 KL-Yangon 1, , , % 4 Kunming -Yangon ,610 54, % 5 Nanning-Yangon 64 7,680 3, % 6 Guangzhou-Yangon ,730 30, % 7 Taipei-Yangon ,400 35, % 8 HK-Yangon ,140 32, % 9 Kolkata-Yangon ,832 9, % 10 Gaya-Yangon ,024 18, % 11 HCMC-Yangon ,784 19, % 12 Chiangmai-Yangon ,418 6, % 13 Chiangmai-Mandalay 42 2, % 14 Seoul -Yangon ,994 60, % 15 Tokyo-Yangon ,730 41, % 16 Doha-Yangon ,880 19, % 17 Dhaka-Yangon ,362 5, %

30 2,500,000 2,000,000 1,500,000 1,000, , p Source: MOHT, NCRA

31 14,000 12,000 10,000 8,000 6,000 4,000 2, p Source: MOHT, NCRA

32 Airline Airline Code Date of Establishment Fleet Size Air Bagan [SDN list] W Air KBZ K Asian Wings Airways YJ Air Mandalay 6T Myanma Airways UB Myanmar Airways International 8M Yangon Airways [SDN list] YH Golden Myanmar Airlines Y FMI Air (Charter) FMI Yadanarpon Airlines 7Y APEX Airlines SO TOTAL 53 Source: NCRA Research

33 The main domestic route is between Yangon and Mandalay, followed by the route between Yangon and Heho. Over 250 flights are made between Yangon and Mandalay per week in peak season, Over 150 flights are made between Yangon and Heho. Over 800 domestic flights are made weekly in Myanmar. Most planes are ATR short haul planes. Average occupancy rates of 80%, Taking into account seasonality, over 2.5 million seats are flown and over 2.2 million passengers are served on Myanmar s domestic air route annually.

34 Town Agoda Travelocity Lonely Planet Tripadvisor Airbnb Asia Web Direct Yangon Mandalay Bagan 33 1 Nay Pyi Daw 24 Nyaung Shwe 31 Ngwesaung 7 Pyin Oo Lwin 19 Ngapali 14 Kalaw 16 Kyaikhto 4 Total Source: NCRA Research

35 Connectivity Human resource Infrastructure

36 Mandalay Inle Golden Rock Bagan Yangon Ngapali

37 Myiek Pyin Oo Lwin Putao Kalaw Ngwe Saung Hpa-An

38 Source : World Travel & Tourism Council

39 1) Industry-led Hotel School The project, to be supported by Singapore s Hotel and Tourism Education Centre, involves the development and management of a hotel school to provide quality pre-employment training and education for local residents 2) Dusit Hotel School and Hotel, Yangon The project includes the construction of a privately operated tourism and hospitality training facility and associated hotel 3) Tourism University in Yangon The project will strengthen the tourism department at Yangon University to improve national tourism education standards and expand access to quality higher education in tourism 4) Kaw-Hmu Hospitality and Catering Training Academy This project aims to help youth in Kaw-Hmu Town become skilled, independent, and successful leaders in the hospitality industry.

40 1) Number 4,846 Licensed tour guides 2,296 English 138 Thai 131 Chinese 2) Training Controlled by the central government Conducted by the Tourism Training School under the Ministry of Hotels and Tourism The 10-week accreditation training costs USD ) Private Training Quality Issue No Hands- On experience No practical standards of short courses Focus on shorter, more-focused & intensive training

41 1) Ecotourism Development This project will develop a National Ecotourism Strategy to promote forms of tourism that support biodiversity conservation, local income generation 2) Support for Handicraft and Organic Food Production producers of handicrafts and local food and beverages to improve skills and processes related to the quality, design, production, packaging, and marketing of their products 3) Lac Kwin Tourism Project, Pindaya generate income and employment opportunities for local residents by diversifying Pindaya s tourism offerings and strengthening linkages between tourism and agriculture.

42 1) Develop river piers and seaports with passenger facilities at key locations Bagan, Inle Lake, Kawthaung, and Mandalay) prepare feasibility studies for development of river piers and seaports that are linked to destinations 2) Direct International Flights prepare a review of current policy on international flights into the two airports- Bagan and Heho assess the capacity of tourism-related management systems and the accommodation subsector to cope with direct flights from international sending markets 3) Upgrade domestic airport terminals and services based on the recommendations of the aviation industry review upgrade infrastructure and services at domestic air terminals; promote public private partnerships for the management and upgrading of terminals or development of new facilities

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