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Singapore’s Pan Pacific opens new hotel in Yangon, remains confident of long term ROI

Wee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with […]

Running Yangon’s largest hotel

The first thing one observes about Lotte Hotels & Resorts Yangon, Lotte Co’s newest hotel, is its sheer size: the property has 658 rooms. The second is the service. Step into the hotel and one is cheerfully greeted by employees eager to help with your umbrella and point you in the right direction. One wonders […]

Development waves hit Myanmar’s regional cities

YANGON — Large mixed-use projects are under construction in Mandalay and other regional cities across Myanmar as developers broaden their focus outside of Yangon, the country’s largest city. Local real estate giant New Star Light Construction is slated to complete a commercial-residential complex in Mandalay this year, the biggest in the nation’s second-largest city. The […]