Bago Needs a Hotel Zone in Preparation for Myanmar’s Largest Airport, Say Hoteliers

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The Bago Hoteliers Association has sub­mitted a proposal to the regional cabinet for the creation of a hotel zone ahead of the opening of the proposed Hanthawaddy airport, slated for comple­tion in 2022.

Without an increase in supply, Bago region’s ho­tels wouldn’t be able to match the rise in demand expected with the opening of what will be Myanmar’s largest airport.

There are 20 licensed hotels and 40 licensed guesthouses with a ca­pacity of roughly 1,000 rooms operating in the re­gion, while four new hotel projects are underway.

“We are closely watch­ing the Hanthawaddy airport project. Bago’s existing supply of hotel rooms won’t be enough to meet demand if the Hanthawaddy project goes ahead,” U San Lwin, chairman of Myanmar Hoteliers Association, told Myanmar Business Today. “Now we are ask­ing for approval from re­gional government and searching for an appro­priate land area,”

An initial proposal for a hotel zone was submitted to the Bago regional gov­ernment in August 2016 but the project only got as far as the preliminary land surveying stage.

Local hoteliers have said they require between 30 to 50 acres for small and medium sized ho­tels while larger develop­ments involving upper-scale foreign hotel brands might need more than 100 acres.

A consortium of inves­tors-JGC Corporation, Yongnam Holdings and Changi Airports Inter­national- won a tender to build and operate the Hanthawaddy airport project in 2014.

 

Source: Myanmar Business Today

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