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Wyndham Hotel Group Launches First Project in Myanmar

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One of the world’s largest hotel chains, the Wynd­ham Hotel Group, has launched its first project in Myanmar, a Tryp-branded hotel in Yangon’s Mayangon Township.

The Yangon hotel is the first Tryp in Southeast Asia and the second in the Asia-Pacific region after Brisbane, Australia.

Other cities with Tryp hotels include New York, Paris, Berlin, Sao Paulo and Barcelona.

“Myanmar is quickly becoming a must-see des­tination for international travellers… thanks to an in­flux of foreign investment and Yangon’s expanded international airport,” said Barry Robinson, Wynd­ham’s president & manag­ing director for Southeast Asia & Pacific Rim.

The trendy 60-room hotel is situated north of Inya Lake and within walking distance of Kabar Aye Pagoda.

“Tryp by Wyndham’s unique urban flair will help visitors uncover the side of Yangon not in guidebooks, putting the city in a new light for visitors who want to experience it like a lo­cal,” said Robinson.

Wyndham Hotel Group, which has some 8,000 hotels worldwide, is poised for further expan­sion in Myanmar when its 260-room Wyndham Grand Yangon Royal Lake is completed this year.

The hotel will be part of the $157 million mixed-use Kantharyar Centre, located south of Kandaw­gyi lake, which will in­clude a residential build­ing, serviced apartments, an office tower and a shopping centre.

Developer Asia Myan­mar Shining Star Com­pany, a joint venture between Hong Kong Shining Star Industrial and Asia Myanmar Shin­ing Star Consortium Development, has pledged $70 million for the hotel component of the project.

Yangon accounts for 30 percent of the more than 50,000 hotel rooms in My­anmar. But while tourist arrivals have been increas­ing rapidly in recent years, up-market hotel occupan­cy rates last year reached a record low of 42 percent.

The oversupply in both up-market and mid-ter hotel rooms has been good for penny pinching travellers who’ve ben­efitted from the dramatic rate cuts brought about by increased competition. Connor Macdonald

 

Source: Myanmar Business Today

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