Foreign investment up in hotel sector

Foreign investment volume, up until October in this fiscal year, has reached nearly US$2 billion in hotel sector in Myanmar, according to the Ministry of Hotel and Tourism. Foreign investment consists of two parts with some foreign investments flowing directly into the hotel ministry and some to Region and State Governments. All investments totaled US$2.3 […]

Myanmar hotel sector to soar

MYANMAR — The hotel sector in rapidly-emerging Myanmar will continue to be supported by strong growth in the number of visitors to Yangon as a result of accelerated foreign investment, the boom in leisure tourism, as well as a lack of quality apartments. Myanmar is similar to Thailand 30 years ago in terms of tourism […]

Government grants land concessions for local hotel projects

Myanmar Investment Commission has granted land concessions to two local companies to invest in hotel businesses in Mandalay Region – including the historic Bagan site – in the latest move to encourage local enterprises to invest in the hotel and tourism sector. Win & Win Company was granted concession for 17 acres in Amarapura Township […]