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 – […]

Greater range of visitors a boon for Myanmar trade

WHILE Myanmar has already attracted notable tourist traffic, official figures now show that the country is experiencing a sustained and exponential surge in footfall. Compared to 2012, arrival numbers have tripled to three million in 2014, and is expected to soar further to at least four and a half million tourists this year, according to […]

Starwood Hotels & Resorts Slated to Enter Myanmar with the Signing of Sheraton Yangon Hotel

SStarwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the […]