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NEWS - Myanmar Revokes Licenses of



Subject: NEWS - Myanmar Revokes Licenses of 2 Tourism Companies

Myanmar Revokes Licenses of 2 Tourism Companies

               Xinhua
               07-JUL-99

               YANGON (July 7) XINHUA - The Myanmar tourism
               authorities Wednesday revoked the licensees of two
private
               tourism companies that allegedly violated the rules and
               regulations of the country's hotels and tourism law. 

               The two companies are the Everest W Travels and Tours
               Co. Ltd. and the New Butterfly Travel Services, sources
at
               the Myanmar Directorate of Hotels and Tourism Services
               said Wednesday. 

               In February last year, a total of 135 local private
tourism
               companies had their licenses revoked for the same reason. 

               There are now one foreign company, 12 joint ventures and
               508 local private companies running tourism services in
the
               country. 

               There were 21 foreign-invested hotels and 439
               local-invested motels, hotels and inns at the end of
March
               this year, according to official statistics. 

               Other official statistics show that at the end of April
this year,
               foreign investment in hotels and tourism projects in
Myanmar
               amounted to 1.1 billion U.S. dollars. 

               A total of 340,123 foreign tourists came to Myanmar in
1998,
               the statistics show. (DOES THIS INCLUDE THE 18
PRO-DEMOCRACY PEOPLE THAT THEY ARRESTED?)