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AccorHotels & LP Holding Partnership Brings Three New Hotels to Myanmar

NEW DELHI: AccorHotels and LP Holding have signed a joint agreement to develop three new hotels in Myanmar. The partnership will see the opening of Mercure Mandalay Hill Resort in the second quarter of this year and the development of Pullman Yangon Centrepoint and Mandalay Hill Resort MGallery by Sofitel slated to open in 2017 and 2020 respectively.

“We are very pleased to partner with LP Holding with the development of these three new properties in Myanmar. The three hotels are situated in strategic locations in Yangon and Mandalay, for tourists and business guests alike,” said Patrick Basset, Chief Operating Officer of AccorHotels, Upper Southeast and Northeast Asia.

“Pullman, our upscale hotel brand, is designed to cater to the requirements of cosmopolitan, seasoned travelers, as well as meetings and incentive events while MGallery by Sofitel is a collection of high-end boutique hotels, each with its own unique personality and story that are experienced by guests through the architecture, interior design and services. Mercure hotels, our midscale brand, are always unique because they are rooted in their local communities and meet shared quality standards. Combined, the three hotels will add to the Group’s growing portfolio, which ranges from luxury to economy,” Basset added.

“LP Holding’s partnership with AccorHotels combines the expertise of a global hospitality company with a strong local market expertise,” said Lertsak Nopburanand, Director of LP Holding Co., Ltd.

“After the sanctions were lifted, Myanmar became one of the most sought-after destinations in Southeast Asia. These three hotels will give travelers additional hotel choices with the growing tourism in the country particularly in Mandalay, as the city continues to develop.”

In 2015, tourism was the driving force in the Myanmar economy where revenue grew by 19 per cent as inbound traffic increased totally $2.1billion or more than 4 per cent of the country’s GDP.

.In the next 10 years, the World Travel and Tourism Council projects that Myanmar’s tourism industry will rank second out of 184 countries for long-term growth It was ranked 15th globally in 2016.

 

Source: The Economic Times

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