Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Kempinski rides the hotel boom in Yangon

After unveiling its first Myanmar property in Nay Pyi Taw, Berlin-based Kempinski Hotels will build up its presence in Yangon in the next few years. According to an announcement by Thailand’s Siam Commercial Bank (SCB), a US$60 million financial support was granted for the renovation of an old building in Yangon into the Kempinski Hotel. […]

Kempinski’s property to open in November

Kempinski Hotels, Europe’s oldest luxury hotel company, is banking on activities that Nay Pyi Taw will attract in the years to come, which would ensure success for its first property in the capital city. To start welcoming guests on November 1, Kempinski Hotel Nay Pyi Taw expected that the first clients would be delegates to […]