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Yangon hotel market continues to boom

The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013.  The number of arrivals in Yangon remains relatively small compared with […]

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 […]

UN Forced Out of Billionaire Kuok’s Yangon Hotel: Southeast Asia

The United Nations is being forced out of billionaire Robert Kuok’s Traders Hotel in Yangon next month amid a tourism boom in Myanmar after housing various offices in five floors of the property since 2007. The UN signed its last lease for the hotel owned by Kuok’s Shangri-La Asia Ltd. (69) in August 2012 for […]