High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]

Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development. The Melia Hotel Yangon will be part of the mixed-use Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel near Inya Lake. HAGL Group chief executive Vo Thuong Son […]

Capturing opportunity: Myanmar’s hotel and tourism boom

Since Myanmar liberalized its economy in 2011, the country has experienced a surge of foreign direct investment and visiting tourists. Official government figures show that tourist arrivals have risen from below 1 million in 2011 to over 3 million in 2014, with the Ministry of Hotels and Tourism setting an ambitious target of 4.5 to […]

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. […]

Accor hotels set for further expansion

French hotel group Accor is set to expand its Myanmar presence with three budget properties, following its return to the country in 2013. The group will manage two properties in Yangon and one in Bagan under its Ibis brand, according to Accor’s local partner, property developer U Thant Zin Tun, a key member of Myanmar […]

Tourism boom boosts Yangon hotels

The hotel market in Yangon is set to continue its record growth in 2014, following a 46% year-on-year rise in international visitor arrivals in 2013, according to the latest report from international consulting firm JLL.  Centrepoint Towers Hotel, a US$100 million joint venture between Thai company L P Holding and Myanmar’s Ministry of Hotels and […]

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 […]

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 […]