Myanmar ripe for investments in services sector as economy grows

MYANMAR IS in need of more investments, especially in the service sector, as the economy is showing strong growth, Aung Kyan San, managing director of Crown Education, a business and consultancy firm based in Yangon, said last Friday. “Foreign investors still have a lot of opportunity in Myanmar thanks to the growing economy, and this […]

Mok Kok Meng has been appointed General Manager at Sedona Hotel Yangon, Myanmar

A native of Malaysia, Mr. Mok has spent the last three decades managing hotels and operations at five-star luxury hotels, resorts and mixed use properties throughout China and Malaysia. Most recently, over the past ten years, Mr. Mok worked with the Accor Group where he managed and helped to open several properties under the Sofitel […]

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 […]

Novotel returns to Myanmar with Inle Lake opening

ACCOR opened Novotel Inle Lake Myat Min yesterday in southern Shan state, marking the brand’s comeback to the country, which once had a Novotel at Mandalay. Located on the east bank of Inle Lake, the four-star resort features 60 Junior Suites, 60 Lake Villas and two Presidential Villas, each offering separate living areas and bedrooms. […]

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 […]

Shangri-La to invest $115m on new hotel

Hong Kong-based Shangri-La International Hotel Management has announced an investment of US$115 million to build a 350-room Lakeside Shangri-La hotel near Kandawgyi Lake. The hotel, which will be located near the Shangri-La residences that were opened recently, will be the second, after Traders Hotel, to be operated in Yangon by Shangri-La. The ground-breaking ceremony was […]

Zaw Zaw – How a Myanmar tycoon is profiting from change

Zaw Zaw, one of Myanmar’s most successful and notorious businessmen, likes to pick his way at odd hours around the hulking skeleton of his new hotel, rising beside Yangon’s main airport road. The 366-room Novotel holds a story of how one man, who remembers being too poor to afford a soccer ball, built an empire […]

Price gouging due to hotel room shortage

Myanmar needs hotel rooms and it needs them fast. One hears complaints of excessive price gouging and of guests being bumped when others were willing to pay more but – however crudely accomplished – supply and demand dynamics are clearly in play. For now, there are only 787 hotels (23 are either four or five […]