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METRO Wholesale Myanmar plans to open showroom in Mandalay

METRO Wholesale Myanmar, the first-ever foreign wholesale company, is planning to open the saleroom in Mandalay, said Mr. Jens Michel, CEO of METRO Wholesale Myanmar. The showroom was open in Yangon on September 30. METRO Myanmar aims at becoming a market leader in the domestic market that can help promote cooperation and sustainable development in […]

Invitation for Tenders – Making Design for Tourism Promotional Materials, Deadline : 14th August, 2019

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF HOTELS AND TOURISM DEPARTMENT OF TOURISM PROMOTION Invitation for Tenders In conformity to the Tenders Guidelines of Myanmar government, Directorate of Hotels and Tourism under the Ministry of Hotels and Tourism would like to invite proposals for “Making Design for Tourism Promotional Materials such as Destination brochures, […]

Concerns may emerge when Bagan hotels, businesses are forced to move

On July 6, the United Nations Educational, Scientific and Cultural Organization (UNESCO) designated Bagan as a World Heritage Site, marking Myanmar’s second entry to the list after World Heritage Status was granted to the ancient Pyu cities of Sri Ksetra, Halin and Beikthano in 2014. The ancient city has more than 3500 surviving stupas, temples, […]

YCDC warns businesses along Shwe Hlay Creek

The Yangon City Development Committee has notified Jade Hotel, Chan Myae Hotel, High Five Hotel and High Star Hotel to remove annexes encroaching on Shwe Hlay creek in Yangon Region’s North Okkala Township. In a statement to the Yangon Regional Assembly on June 18 Yangon Mayor U Maung Maung Soe said that “action would be […]

Minor Hotels introduces Avani and Oaks brands to Yangon, Myanmar

Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of more than 520 hotels in 53 countries, will debut its Avani and Oaks brands in Yangon, Myanmar, with the development of two hotels as part of a management agreement with Kajima Yankin, a wholly-capitalized subsidiary of Kajima Overseas Asia. Construction work has […]

Two tourism zones to be set up in Mandalay

Bids will be accepted for a project to set up two tourism zones in Mandalay Region to serve foreign visitors, said U Myat Thu, chair of the Tourism Development Committee. Kuthodaw Pagoda and Mandalay Hill will be designated as historical sites, and Inwa ancient city in Tada-U township will be designated an architectural attraction. Acceptance […]

Memories Group buys a stake in Yangon’s Strand

YANGON, 3 May 2019: Myanmar-based Memories Group has invested USD3.19 million in Strand Hotel International Ltd that operates three hotels and river cruise boat. The investment gives the company a minority share in the Strand Hotel, an iconic landmark on the Yangon waterfront, the four-star Inya Lake Hotel, a 27-acre lakeside property in northern Yangon; […]

Township Lawmaker Accuses Hotels of Spoiling Ngapali’s Natural Beauty

SITTWE—A proposal was submitted on Monday to take legal action against hotels encroaching on Ngapali Beach, in the Thandwe region of southern Rakhine State. Thandwe Township lawmaker Nai Kyue Aye submitted the proposal, saying that nine beachfront hotels—Aureum Palace Hotel, Jasmine Hotel, Amazing Hotel, Ngapali Paradise Hotel, Hilton Hotel, PVI Hotel, BT Bay Hotel, Memento […]

Memories Group to issue US$3m convertible bonds to buy stake in 3 Yangon hotels, boat cruise

CATALIST-LISTED Memories Group plans to acquire a 15.28 per cent interest in Strand Hotel International, which owns stakes in three Yangon hotels and a boat cruise, by issuing US$3.19 million in convertible bonds, the Myanmar-based tourism company said on Monday before the market opened. Memories entered into a share purchase agreement with Oakframe Investment and […]

Why is Serge Pun betting on tourism?

Tourism has borne the brunt of an economic slowdown and the international outcry over Rakhine, but one tycoon is feeling bullish about the industry. By BEN DUNANT | FRONTIER “TOURISM is low-hanging fruit in any country looking to develop,” says Mr Serge Pun, puffing on a cigar in the headquarters of Memories Group, a company […]