Yangon hotelier with the Midas touch

International hotel chains have descended on Myanmar but that has not deterred one local chain, Clover Hotels Group, from aiming to open 15 hotels in 10 years. “Most of our hotels will be opened in Yangon but we hope to open at least one hotel in each of the major tourist destinations,” managing director Nay […]

Hilton to sign with Crown Advanced for Yangon hotel

International hotel chain Hilton Worldwide is preparing to sign a deal with local conglomerate Crown Advanced Construction to operate a hotel in central Yangon, a director at the Myanmar firm told The Myanmar Times. The news comes more than two years after Hilton Worldwide signed a deal with Thailand-based LP Holdings in March 2013 to […]

Hotel chains fight for slice of Myanmar’s tourism pie

Yangon: Myanmar wants to boost its food and hospitality standards to serve growing demand from international tourists, who are expected to number 5 million this year. Hotels and Tourism Minister Htay Aung called tourism one of Myanmar’s fastest-growing industries, with the growth rate tripling since the country opened its doors to foreign investors in 2011. […]

Hotel Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Hotel Market 3Q 2014 Upsurge in upper-scale ADR dampens occupancy rates The lineup of upper-scale hotel projects is on the rise on the back of the strengthening tourist and business arrival levels. […]