Yangon heritage landmark to be a Rosewood, not Kempinski

Rosewood Hotels has edged out Kempinski as the hotel chain appointed to operate within a landmark restoration of Yangon’s former New Law Courts, Yangon news platform Myanmore reported. While it was previously reported that Heritage Hotel Kempinski Yangon would occupy the building – constructed in 1927 as the New Law Courts by architect Thomas Oliphant […]

Myanmar airline arrivals up

CHIANG MAI, 25 January 2018: Myanmar recorded 1.3 million tourist arrivals at its main aviation gateway Yangon International Airport, the country’s Myanmar Tourism Marketing reported at the ASEAN Tourism Forum. The annual ASEAN Tourism Forum (ATF), opened at an elaborate gala dinner at Chiang Mai’s Royal Park, Rajapruek on Wednesday evening, 24 January. MTM reported […]

Collier Property Report – Yangon Upper Scale Hotel Q3 2017

Alternative Strategies to Counter Headwinds Market competition is stiff amid the recent decline in total foreign arrivals in Yangon but shows promise with an increase in foreign business travellers. While supply is set to rise substantially over the next few years, we expect average daily rates to trend downwards. Upper-scale hotels therefore need alternative solutions […]

Colliers Property Report: Yangon Upper-Scale Hotel Q2 2017

Creative Solutions Needed In a Challenging Market Landscape The sizeable rise in new supply is now taking a toll on Yangon’s upper-scale hotel market. Despite previous attempts to reduce ADRs, occupancy levels continue to trend downward. Colliers recommends developers to rethink with creative strategies and focus instead on enhancing the overall experiential value. Forecast at […]

Upper Scale Hotel Market in Yangon 1H, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 1H 2015 Stronger supply pipeline despite less enthusiastic demand A total of 489 upper-scale hotel rooms were delivered in the 1H 2015 following the completion of two new […]

Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development. The Melia Hotel Yangon will be part of the mixed-use Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel near Inya Lake. HAGL Group chief executive Vo Thuong Son […]

Upper Scale Hotel Market in Yangon 4Q, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 4Q 2014 Planned influx of foreign operators as tourism sector continues to grow The number of upper-scale hotel rooms in Yangon is expected to grow significantly as over […]

Local Companies Invest US$ 45 Million in Luxury Napyidaw Hotel

NAYPYIDAW — Though Burma’s new capital Naypyidaw has developed a reputation as being somewhat of a ghost town, international hotel group Kempinski is confident about its prospects as it prepares to open a new luxury five-star hotel there in November. Local conglomerate Kanbawza (KBZ) Group and Jewellery Luck Company have invested US$45 million total, taking […]