Collier Yangon Hotel H1 2016 Review

Correction in ADR observed amid rising competition The hotel market in Yangon is currently in a state of rapid transition with supply rising to unprecedented levels. Colliers expects competition to further build up, and the correction in ADRs to be more pronounced in the near to medium term. Forecast at a glance   Demand – […]

Collier Property Report – Yangon Upper Scale Hotel Market 2H2015

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report   Surge in upper-scale hotel supply leads to further headwinds The upper-scale hotel market expanded noticeably in 2015 to end with more than 3,500 rooms. The number is expected to double in the next four years on the […]

Capturing opportunity: Myanmar’s hotel and tourism boom

Since Myanmar liberalized its economy in 2011, the country has experienced a surge of foreign direct investment and visiting tourists. Official government figures show that tourist arrivals have risen from below 1 million in 2011 to over 3 million in 2014, with the Ministry of Hotels and Tourism setting an ambitious target of 4.5 to […]

Hotels rush to grab a piece of Myanmar market

YANGON- 300,000 visitors in 2010, one million tourists in 2012, two million last year and most probably three million in 2014. By adding a million foreign visitors, the country is in desperate need for more accommodation for visitors. The Myanmar Investment Commission granted last year permission for about $US2 billion of investment into hotels and […]