Myanmar: Investors beware

Myanmar has become one of the region’s most coveted destinations over the past few years since international sanctions against the country were lifted in response to political reforms. International air arrivals through Yangon International Airport reached a historic high of 550,654 in 2012, only for the figure to be topped within the first five months […]

Myanmar’s hotel investment falls short

YANGON, 16 December 2013: As Myanmar’s gateway Yangon moves rapidly towards the 1 million annual visitor milestone, investment in the country’s hospitality sector has fallen well short of forecasted growth. To date a disconnect between the expectations of the private sector and the ability of the government to broadly implement free market reforms remains at […]

Speculation-driven land prices stunting Myanmar hospitality sector

Though Yangon is moving rapidly towards the milestone of a million visitors a year, investment in Myanmar’s hospitality sector has fallen well short of forecast growth, mainly because of speculation-driven land prices. According to a report by consultancy C9 Hotelworks, foreign direct investment into hospitality assets remains sidelined in many cases with concerns over the […]

In Myanmar, Sailing in the Wake of Kipling and Orwell

ON THE IRRAWADDY RIVER, Myanmar — When Daniel and Susy Florens booked a five-star honeymoon with stops in some of Asia’s premier luxury destinations, Myanmar seemed like just another stop on the itinerary. They had agreed to take a five-day cruise along the Irrawaddy River on the recommendation of a trusted travel agent. But as […]