Phaung Daw Oo Pagoda is the most renowned pagoda in Inle lake area. The pagoda houses five little gilded pictures of Buddha, which have been canvassed in gold leaf to the point that their unique structures can't be seen. The Phaung Daw Oo Pagoda Festival is held every year for a total of 18 days. It is a standout amongst the most renowned celebrations in Myanmar. The both local people and foreign guests come to visit this traditional celebration in Inle Lake, Shan State.
Every year, during the Myanmar Month of Thadingyut, Usually between September and October, the 18-days celebration is held. The celebration is held with the dates as per the Lunar Calendar of Myanmar. It starts on the first most important Waxing Moon day of Thadingyut and finishes several days after the Full Moon. The five Buddha images represents the Kakkusandra, Kaunagamana, Kasatpa, Gautama and Arainmareya Buddhas of this world.
A large boat with a Golden Hamsa Bird creation is built. The Buddha images visit around the Inle Lake from town to town taking the entire 18 days in travel. During the celebration, just four of the Buddha images are moved onto the royal barge. One picture consistently stays at the temple. The designed royal barge is towed by a few boats moving by leg-rowers of Inle. The freight boat is towed from town to town along the shores of the lake in clockwise design, and the four pictures live at the principle religious community in every town for the night.