Hotel investments continue to rise despite lower tourist arrivals

Singapore-listed company Memories Group Ltd yesterday launched three new hotels in Myanmar, located in Mawlamyaing, Yangon and Mergui, respectively, even as tourist numbers dip and occupancy rates fall across the country. The 72-room, 3-star Hotel Suggati will be Mawlamyaing’s newest hotel and is being positioned as a business hotel. Mawlamyaig is the fourth largest city […]

Peninsula hotel owner plans to expand residential investment overseas

Hongkong and Shanghai Hotels, which owns 10 Peninsula hotels around the world, plans to expand its overseas residential developments for sale in a bid to finance part of its hotel expansion and bolster revenue. The group aims to include residential developments in London, Yangon in Myanmar, and possibly Bangkok. “It helps the investment we have […]

Asian business leaders keen to merge Myanmar human resources with Japanese technologies

YANGON—Asian business leaders are keen to see Myanmar merge its human resources with Japanese technologies, the chairperson of the Asia Business Leaders Association (ABLA) told an investment seminar held on Saturday. The seminar, organized by the Myanmar-Japan Friendship Association, was aimed at encouraging Japanese businesses to invest in Myanmar. It was also a chance for […]