Bagan tourist arrivals growing

Domino effect for Bagan as improved Mandalay access spurs visitor arrivals by 17% year-on-year, top 5 overseas source markets lead demand growth in Q1 2017.

“As one of the main tourist destinations in Myanmar, the ancient city of Bagan had 282,387 international visitors in 2016, with a 5-year CAGR averaging 12%. Currently, Nyaung U Airport is the main gateway, which accounts for 44% of total foreign visitors.

However, a strong shift towards tourists arriving by land is apparent as the segment’s market share grew from 24% in 2013 to 38% last year.

This is because Bagan is now easily accessible from Mandalay, which is the second largest city of Myanmar and has its own international airport.

In addition to the overseas market, hotels are also experiencing stronger visitation from the domestic market.

Local destinations have become popular vacation spots on national holidays such as the Water Festival.

This trend is anticipated to increase tourism demand during the low season, which falls in the second and third quarters of each year.

With demand having a solid outlook, rising supply in Bagan is also set to stabilize in the mid-term,
especially in the outer area of Nyaung U and New Bagan due to the prohibition of new developments within the city’s Archeological Zone.

Source : 4hoteliers