fbpx

Thai-Myanmar joint venture to build $250,000 hotel in Kawthoung

The government has approved a proposal by Thai-Myanmar joint venture to build a US$250,000 (K346.3 million) hotel project on Hlaing Gu Island off Kawthoung in Tanintharyi Region, the Directorate of Hotels and Tourism has announced, according to the Directorate of Hotels and Tourism. KMOT Company intends to build the project with 20 bungalows under the […]

Delayed hotel in Mandalay to recommence

Best Premium Co will build a hotel at the Shwe Man Taung golf course owned by Mandalay City Development Committee (MCDC) in Aung Myay Tharzan township, Mandalay, after a four-year delay, according to Mayor U Ye Lwin. Best Premium and MCDC first signed a land lease agreement to develop the hotels on a Build, Operate, […]

Rosewood Yangon Opens As A Center Of Culture And Style In Myanmar

Showcasing a fusion of contemporary Burmese style and old-world grandeur, Rosewood Yangon opens its doors today. As Myanmar continues to welcome a fast-growing number of international travelers, the hotel takes on a transformative role in the country’s largest city, combining an elevated level of luxury with strong cultural outreach. Housed in one of the grandest […]

Myanmar govt mulls one island, one hotel rule in Myeik

The Ministry of Hotels and Tourism said there is an ongoing discussion among relevant offices on imposing a one hotel, one island rule in Myeik Archipelago in Tanintharyi Region, a senior official said. U Nyo Aye, a director from the ministry, said findings from the ground inspections by relevant ministries were submitted during a meeting […]

Floating hotel does trial runs at Chaungtha Beach

The government of Ayeyawady Region has approved the test operation of a floating hotel on a luxury cruise ship near Aungmingalar Island of Chaungtha Beach. It has been allowed for a one-year test period after building a jetty near the island and the government will continue to monitor whether it will adhere to rules and […]

Yangon approves $238M in hotel, tourism investments

Yangon’s Regional Tourism Committee recently announced that investments totalling US$238 million and K119.63 billion were approved for the region’s hotels and tourism sector between May and August. In the same period, the committee approved investments for 33 new hotels and eight guest houses, approved 18 new hotels, 400 new travel agencies, and 200 tour guides. […]

Hilton Says Myanmar’s Bright Economic Outlook Bodes Well for New Yangon Hotel

Hotel operator Hilton offered an upbeat view of Myanmar’s economic prospects, particularly for its tourism sector, as it provided an update on its Hilton Times City hotel project at a press conference on Aug. 29. The 308-room hotel is due to open in 2021 in the compound of the Times City mixed-used complex, located between […]

Colliers Property Report – Upper Scale Hotel Yangon Q2 2019

  LAYING THE WAGER ON THE GAMBLING LAW: OPPORTUNITIES IN GAMING INDUSTRY   Summary & Recommendations No new completion were observed in Yangon’s upscale hotel segment during Q2 2019. Despite the surge of Chinese visitors, majority of upscale hotels continue to experience lower occupancy rates due to the downward trending number of western arrivals. Although […]

CBM extends WeChat Pay pilot phase by three months

The pilot phase for the use of the WeChat Pay service in Myanmar has been extended for a second three-month period, Central Bank of Myanmar (CBM) director general Daw Myint Myint Kyi said. The pilot phase began in February when the CBM approved the request of Paypb Co Ltd for the use of the WeChat […]

Thailand’s Centara marks entry into Myanmar hotel scene

Thai-based hotel operator Centara Hotels & Resorts and KMA Hotels Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, yesterday signed an agreement to develop and renovate a total of six hotels in Myanmar. The project will see three existing KMA hotels in Inle, Naypyitaw and Taungoo undergo refurbishment prior to reopening and […]