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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 […]

Rakhine ups efforts to draw investments, hopes for development

Rakhine State will target investments in tourism, fisheries and agriculture at an investment fair that will be held in February in Ngapali, southern Rakhine, Rakhine State Chief Minister U Nyi Pu told the media in Yangon yesterday. With the aim of drawing funds that will be channelled towards the development of the state, the three-day […]

Hilton & Resorts to open Hilton Times City Yangon

The US-based Hilton & Resorts will open Hilton Times City Yangon, for fourth of its kind in 2022. A ceremony to sign MoU on management to open Hilton Times City Yangon with 308 rooms in Yangon, the commercial city was held at Times City on January 12. Hilton Times City Yangon is being jointly built […]

Five business sectors that are looking interesting in 2019

Businesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar. However, with the arrival of a new year, things seem to be looking more optimistic for some sectors. Our reporters have interviewed insiders and experts from five business sectors on their views […]

Vietnamese ride-hailing FastGo launched in Myanmar

FastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]

Boat Builder Floats New Business to Tap Island Tourism Boom

With tourism booming in southern Myanmar, residents of Myeik in Tannitharyi Region are finding ways to benefit by filling niches in the industry. Ko Thein Zaw Min, managing director of Mergui Dolphins, one of 40 tour companies in the area, has found a way to do this by opening a boat-making workshop. The number of […]

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 […]

Sichuan Airlines launches 2nd direct flight between China, Myanmar’s Yangon

China’s Sichuan Airlines has launched a new direct flight between Hangzhou, capital of east China’s Zhejiang Province and Myanmar’s Yangon since Tuesday, a release from the Yangon Aerodrome Company, an operating company of Yangon International Airport (YIA), said on Wednesday. It became the second route of the airline between Yangon and China following the launch […]