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Colliers Property Report – Myanmar Hotel Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies […]

Yangon International Airport enhances stakeholder partnerships; plans to boost global network

Yangon International Airport (YIA) yesterday hosted a reception in appreciation for its airline partners, while looking forward to updated terminal facilities and enhanced carrier partnerships to handle the increases in passenger numbers expected following Myanmar’s relaxation of entry visa requirements last October. The reception was held at Mingalar Sky Lounge Terminal 3, and graced by […]

More areas in Mogok opened to tourism

Three more villages in Mogok township in Mandalay Region will be opened to tourism due to the rising number of visitors to the area, officials of the Ministry of Hotels and Tourism said. Starting this month, tourists will now be allowed to visit Kyauk Pya That, Pan-lin and Bernard villages along the old Mandalay-Matta-Singu and […]

Direct service to Chonqing begins

Hainan Airlines, China’s fourth largest airline, on Sunday began providing direct flights from Yangon to the south-western port city of Chongqing. The airline is the 32nd international airline to operate in Yangon, according to a statement from the Yangon Aerodome Co Ltd (YACL). Hainan Airlines will fly the Yangon-Chonqing route four times a week using […]

Tapping the tourism potential of the Myeik Archipelago

A comprehensive plan is urgently needed to encourage and guide tourism development in one of the world’s most beautiful archipelagos. Since October 1, Myanmar and foreign travellers have been permitted to visit pearl farms in the vast and spectacularly beautiful Myeik Archipelago, in the Indian Ocean off southern Tanintharyi Region. The opening of a key […]

Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

Govt counting on Asian travellers to boost tourism

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

Restoration project reopens ‘best view in Yangon’

Through a doorway where colonial shoppers once flocked, up several flights of steps and a wrought-iron spiral staircase, there lies one of the most splendid sights in downtown Yangon, Myanmar’s biggest city. Gazing to the left from a panoramic roof terrace, almost within touching distance, is the top of the gleaming Sule Pagoda. Slightly beyond […]

Hotel expansion continues in Yangon

More hotels are on the way in Myanmar’s commercial capital, Yangon, despite a sluggish tourism performance over the last two years due to the on-going Rohingya crisis. Developers at the luxury end of the market appear undeterred by the drop in European tourists believing business and luxury travel segments will continue to grow. But tour […]

First flight from Italy to Myanmar arrives tomorrow

An air link between Italy and Myanmar will be established starting tomorrow. Milan-based Neos Spa, an Italian leisure airline, will begin flying the route with a chartered Boeing 767 every Wednesday. The flight will stop over in Phu Quoc, Vietnam before landing at Yangon International Airport. Neos will be the first airline to fly from […]