Luxembourg to invest in tourism

YANGON – The Ministry of Hotels and Tourism says it is working with Luxembourg to invest US$5.7 million in the development of human resources within the tourism industry.

A delegation from Luxembourg has conducted field trips in Bagan, Yangon and Nay Pyi Taw to develop human resource training in the private sector and at universities.

The ministry said there were more than 800,000 jobs in the tourist sector with the potential to reach about 3 million.

About US$3 billion of foreign investment has been invested in the hotel sector and by the end of May this year there were more than 1.5 million tourist arrivals.

The ministry is expecting more than 5 million visitors this year, generating about US$2 billion.