Foreign hotels to be completed by mid-year

Foreign hotel projects currently under construction will be inaugurated by mid year according to the Ministry of Hotels and Tourism. Most of the projects, including international hotel chains, are located in Yangon, according to Director General Aung Zaw Win. “Novotel Hotel will be opened in the mid year. Others such as Center Point and Shangrila will soon follow too,” Aung Zaw Win said. New hotels will provide up to 2000 new rooms which will be available to cater for growing numbers of … [Read more...]

Investors want a stake in Yangon boom

YANGON, 24 January 2014: Ministry of Hotels and Tourism says international investors are eyeing opportunities in Myanmar tourism especially in the hotel business. Ministry of Hotels and Tourism director general, Aung Zaw Win, told local media that many European and Asian investors have now registered their interest in the hotel industry. “Thailand which is already a very big investor in Myanmar tops the list followed by hotel and tourism investors from Singapore and Japan.” Business … [Read more...]

Tourism investment on the rise

Ministry of Hotels and Tourism has granted permission to build at least 923 hotels in late 2013 and international community is eyeing to invest in Myanmar tourism industry according to the Ministry. Among those interested in are majority from Asian countries. Some European countries have also expressed interested in the business. Many are making contact with the Ministry for investment sector. “Thailand who already invested in Myanmar also tops the list as well as Singapore and Japan,” … [Read more...]

Foreign investment increases in hotel industry

Companies from EU, Thailand and Singapore are planning to make investment in Myanmar hotel industry, according to Director General Aung Zaw Win from Ministry of Hotel and Tourism. The negotiations are already discussed but the plans have been delayed because they are studying the current situations. “There are discussions about the investment in hotel industry one times in two day. They are mostly from some European countries, Thailand and Singapore. But they are analysing the situation,” … [Read more...]

Myanmar plans to invite foreign investments in Thandwe Hotel Zone Project

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar government is planning to invite foreign investments to invest in the Thandwe Hotel Zone Project in Rakhine State so as to make it a perfect tourism destination in the western part of Myanmar, said Aung Zaw Win, Director General at the Ministry of Hotels and Tourism. The director general said this is in accordance with President Thein Sein’s guidelines and the government has budgeted a total of Ks5 billion … [Read more...]