Yangon gets 1,000 new hotel rooms

Yangon novotelYangon will get around 1,000 new hotel rooms in 2013 at an international standard on top of the existing 1,500 to 2,000 that a are classified as having such a standard, a report by real estate firm Jones Lang LaSalle said.

Despite this “substantial growth,” it is still far from meeting the demand for quality rooms, the firm said, thus prices per night will still remain high.

Around 560,000 tourists, business and leisure visitors, came to Myanmar in 2012, with most of them passing through Yangon International Aiport and boosting occupancy rates in the country’s largest city. The arrival number was up 55.7 per cent from 2011, and many hoteliers in Yangon report bookings near full capacity for the coming high season during the final quarter of 2013.

While Yangon has around 9,100 hotel rooms, just up to 2,o00 are can be classified as international standard as per the industry’s consensus.

Another 4,700 hotel rooms are planned for completion during 2014-17, mostly by several international chains. The France-based Accor group will open the 5-star 366-room Novotel Yangon Max hotel, and Hilton Hotels will open the 5-star 300-room Hilton Yangon, both in 2014.



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Yangon will get around 1,000 new hotel rooms in 2013 at an international standard on top of the existing 1,500 to 2,000 that a are classified as having such a standard, a report by real estate firm Jones Lang LaSalle said. Despite this "substantial growth," it is still far from meeting the demand for quality rooms, the firm said, thus prices per night will still remain high. Around 560,000 tourists, business and leisure visitors, came to Myanmar in 2012, with most of them passing through Yangon International Aiport and boosting occupancy rates in the country's largest city. The arrival number...

Yangon novotelYangon will get around 1,000 new hotel rooms in 2013 at an international standard on top of the existing 1,500 to 2,000 that a are classified as having such a standard, a report by real estate firm Jones Lang LaSalle said.

Despite this “substantial growth,” it is still far from meeting the demand for quality rooms, the firm said, thus prices per night will still remain high.

Around 560,000 tourists, business and leisure visitors, came to Myanmar in 2012, with most of them passing through Yangon International Aiport and boosting occupancy rates in the country’s largest city. The arrival number was up 55.7 per cent from 2011, and many hoteliers in Yangon report bookings near full capacity for the coming high season during the final quarter of 2013.

While Yangon has around 9,100 hotel rooms, just up to 2,o00 are can be classified as international standard as per the industry’s consensus.

Another 4,700 hotel rooms are planned for completion during 2014-17, mostly by several international chains. The France-based Accor group will open the 5-star 366-room Novotel Yangon Max hotel, and Hilton Hotels will open the 5-star 300-room Hilton Yangon, both in 2014.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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