Hilton Opens Vocational Training Centre

Hilton Worldwide has recently opened the Hilton Vocational Training Centre at the Hilton Naypyitaw in Myanmar’s capital city. The American hotel chain said the facility aims to develop the next generation of hotel operations leaders and meet the demand for young talent in the country’s booming hospitality and travel industry. The Hilton Vocational Training Centre […]

Upper Scale Hotel Market in Yangon 1H, 2015

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Upper Scale Hotel Market 1H 2015 Stronger supply pipeline despite less enthusiastic demand A total of 489 upper-scale hotel rooms were delivered in the 1H 2015 following the completion of two new […]

Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development. The Melia Hotel Yangon will be part of the mixed-use Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel near Inya Lake. HAGL Group chief executive Vo Thuong Son […]

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 […]

Upper Scale Hotel Market in Yangon 4Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Upper Scale Hotel Market 4Q 2014 Planned influx of foreign operators as tourism sector continues to grow The number of upper-scale hotel rooms in Yangon is expected to grow significantly as over […]

Hilton opens first hotel

US hotel giant Hilton Worldwide opened its first Myanmar HOTEL IN Nay Pyi Taw on October 17, with four more hotels planned for the country. The US$50 million hotel is the first of Hilton’s planned five HOTELS INMyanmar that are set to open by 2017 in partnership with local conglomerate Eden Group. “The reason why […]

High hotel rates unlikely to fall

Myanmar’s hotel room rates, which average about US$160 per night, should remain unchanged in the medium term due to the slow completion of new properties and continued influx of visitors, according to New Crossroads Asia. In the recently released report “All That Matters”, the Singapore-based financial advisory firm that focuses on Myanmar said that the […]

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 […]

Tourism boom boosts Yangon hotels

The hotel market in Yangon is set to continue its record growth in 2014, following a 46% year-on-year rise in international visitor arrivals in 2013, according to the latest report from international consulting firm JLL.  Centrepoint Towers Hotel, a US$100 million joint venture between Thai company L P Holding and Myanmar’s Ministry of Hotels and […]

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 […]