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Colliers Property Report: Yangon Hotel Quarterly Review Q2 2018

  Influx of Asian Tourists Spurred Demand Paul Ryan Cuevas Analyst | Research & Advisory As of H1 2018, Yangon witnessed a significant 6% YOY rise in the citywide occupancy rate. Resulting from the improvements in the overall tourist arrival figures coupled with the absence of project completions in Q2 2018, occupancy almost breached the […]

Tourist arrivals hit around 1.5 m in five months

Till May of this year, the number of tourist arrivals reached around 1.5 million, a 2-per-cent decline compared with the same period last year, according to the figures released by Ministry of Hotels and Tourism. The number of visitors from European countries and the North American countries has dropped over the years due to political […]

Why new heritage hotels in Yangon, Myanmar, are banking on Asian tourists – not Westerners – to survive

21 Jun 2018 Next month the 74-room Yangon Excelsior – a renovation of the British colonial-era Steel Brothers company headquarters on Bo Sun Pat Street, Yangon – will welcome its first visitors. In December, or thereabouts, the stunning Rosewood Yangon – a makeover of the New Law Courts building on Strand Road, completed in 1931 […]