Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

Telecom sector attracts most foreign investment in Myanmar in 2016

Telecom sector topped the foreign investment line-up of Myanmar with 47.07 percent of the total investment flowing into the country in the fiscal year 2016-2017, according to the statistics of Myanmar Investment Commission (MIC) Tuesday. The telecom sector was followed by industrial sector with 25.5 percent and the rest went to power, hotel and construction […]

Myanmar Receives US$2.5 Billion in Connection to 65 Foreign Investment Projects in Hotels And Tourism

Myanmar has received almost US$2.5 billion (Ks3.3 trillion) in foreign investment injected into 65 projects in the hotel and tourism sector as of the end of October 2016, the Directorate of Investment and Companies Registration (DICR) has reported. After recording $2.481 billion invested into the hotel and tourism sector by the end of October, foreign […]

Accommodation facilities for tourists grow to 1,371 nationwide

The number of hotels and guest houses nationwide as of the end of August this year reached 1,371, with 53,716 rooms, according to official figures released by the Ministry of Hotels and Tourism. The ministry erased some mrestrictions on issuing licenses to investors in order to establish hotels and other development facilities across the nation […]

Thahara Announces Entry into the Myanmar Online Travel Agency Market

YANGON, Myanmar, July 7, 2016 /PRNewswire-iReach/ — Thahara, Myanmar’s pioneer in offering unique hotel and travel experiences, today announced its entry into Myanmar’s online travel agency market. The new Thahara arm is the first specialized boutique hotel online travel platform to solely focus on Myanmar. The Thahara platform is marketing a handpicked range of some […]

Ngwe Saung Luxury Project Eyes Dec. 2017 Start

A luxury resort project which includes villas and a five-star hotel along Ngwe Saung beach in Ayeyarwaddy region has begun. The project is located on 160 acres of land in Bu Kwey Gyi village in Ngwe Saung and aims to be the first holiday villa project in Myanmar, U Soe Thiha Hlaing, executive director of […]

Singapore tops hotel investment list

The Ministry of Hotels and Tourism recently announced that Singapore ranks first among foreign countries investing in Myanmar hotel and business complexes, with Vietnam a distant second. The Myanmar Investment Commission has allowed 48 hotels – with a total of 7058 rooms – to open in Myanmar. Foreign investment in these hotels had reached K655 […]

Hilton Opens Vocational Training Centre

Hilton Worldwide has recently opened the Hilton Vocational Training Centre at the Hilton Naypyitaw in Myanmar’s capital city. The American hotel chain said the facility aims to develop the next generation of hotel operations leaders and meet the demand for young talent in the country’s booming hospitality and travel industry. The Hilton Vocational Training Centre […]

Hotels Sprout Up to Accommodate Increasing Tourists

Hotels are sprouting up across Myanmar to provide adequate accommodation to the increasing number of tourists, sources with the Myanmar Hoteliers Association said. A total of 340 hotels are operating across the country in 2015, compared with 290 in 2014, according to U Tin Win, chairman of the Myanmar Hoteliers Association. The number of foreign […]

Vintage Luxury Yacht: Hotel Business Set Up on A Jetty

The Vintage Luxury Yacht Hotel (VLYH) opened this summer situated just around the corner of the Botahtaung Pagoda at Botahtaung Jetty anchored in the Yangon River. It is a modern five-deck Finnish ship but it’s been styled as a “total immersion 1920s experience”, with art nouveau, art deco and Victorian furnishings. The 104 rooms are […]