Collier Yangon Hotel H1 2016 Review

Correction in ADR observed amid rising competition The hotel market in Yangon is currently in a state of rapid transition with supply rising to unprecedented levels. Colliers expects competition to further build up, and the correction in ADRs to be more pronounced in the near to medium term. Forecast at a glance   Demand – […]

GE Capital Aviation Services delivers Three New Boeing 737-800 To MNA

GE Capital Aviation Services Limited (GECAS), has delivered three new leased Boeing 737-800 aircrafts to Myanmar National Airlines (MNA). “These three new aircrafts are the first of ten aircrafts to come from GECAS’ existing order book with Boeing.  The remaining seven aircrafts will be delivered to MNA by 2020,” said Mr. Wouter Van Wersch, President […]

1,240 hotels get licences

A total of 1,240 hotels and guesthouses have been licensed nationwide and 32 of them are implemented with foreign investment, according to the Ministry of Hotel and Tourism. Most of the hotels in Yangon, Mandalay, Bagan, Kawthoung, Tachileik and Myeik are being developed with foreign investment. Yangon has 317 licensed hotels and Mandalay has 375, […]

Artefacts Uncovered in Bagan Hotel Zone

Archaeological artefacts have reportedly been found in the construction project areas in the Bagan hotel zone, according to U Htay Aung, minister for hotels and tourism. The artefacts were found while inspecting the project site of Sandar Hotel Company, which received the permission to construct a hotel in the Bagan Hotel Zone 2. U Htay […]

Mandalay Draws Local Investment as Tourism FDIs Surge

People walk over U Bein bridge in Mandalay, a major tourist attraction of the region. Mandalay region’s tourism industry received K669 billion ($660 million) from local investors last year, more than any other states or regions in Myanmar. Myanmar’s hotel and tourism sector has attracted a record $2.56 billion in foreign investment in 2014, according […]

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 […]

Tourism Ministry to Allow Casinos in Myanmar’s Border Areas

Three-star hotels in border areas will be allowed to open casinos, according to the Ministry of Hotel and Tourism (MoHT). Only foreigners will be allowed to gamble in those casinos while locals will be banned from taking part, the ministry said, adding that the hotels letting locals play would be dealt with in accordance with […]

Myanmar sees influx of tourists since April

Over 300,000 international visitors have entered Myanmar since the beginning of the fiscal year on April 1, most coming from Thailand, according to immigration authorities. “Visitors from Thailand rank first with over 50,000 in number, followed by China and Japan,” said an official from immigration control in Yangon International Airport. Thai visitors mostly tour famous […]

Thailand firms discuss investing in Myanmar’s hotel industry

YANGON—More than 20 companies from Thailand have begun discussions regarding possible cooperation in a joint venture with Myanmar’s hotel services. The discussions occurred during a meeting between the Ministry of Hotels and Tourism and Thai business people held at the Park Royal Hotel in Yangon on Saturday (March 22). During the meeting, about 100 Myanmar […]

Italy and Luxembourg offer help to implement tourism master plan

Italy and Luxembourg have offered technical aid to boost Myanmar’s human resources development sector, part of a short-term project for the country’s tourism master plan, sources from the Ministry of Hotel and Tourism say. Delegates from Italy and Luxembourg visited Myanmar recently to meet with Ministry of Hotel and Tourism officials. In their meetings, they […]