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 […]