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Two companies now operate balloons in Bagan, whole one of them also arrange tour over Mandalay and Inle Lake. All tours usually take place in the early mornings. You will be collected at your hotel and brought back after the event. Prices vary according to program and area of operation, but are usually between USD 300 – 350 per. person. You should book your balloon at the time when you arrange for the rest of your tour, as the scheduled trips are often fully booked way ahead in the High Season.