HOTEL
COMMERCIAL PROPERTY CONSULTATION IN YANGON

Tourism in Myanmar has been booming in recent years, with almost 3.1 million arrivals measured in 2014, up from just 2 million in 2013. As a result, investment in hotels has skyrocketed. Myanmar investment in the hotel sector, which was US $55 million in 2011 had increased to US $600 million by 2014. Foreign investment in the hotel sector has reached US$2.7 billion, with 47 hotels currently receiving foreign investment.

Hotel investment is largely coming from Singapore, Vietnam, Thailand, Hong Kong, Japan, Malaysia, the UK, Luxemburg and the UAE. Other investment comes in the form of joint-venture operations with domestic businesses. By the end of 2015, both domestic and foreign investment in the sector is expected to top US$3 billion. Many international hotel chains have started to enter the market, including Accor, Kempinski, Pullman, Hilton and MeliĆ”.

However for now, there is a distinct lack of high-end hotel accommodation in Myanmar. This has led to high room rates. As more stock is completed in the next few years, and as more good quality mid-range accommodation appears in the market, these are likely to see a readjustment.

Tourism in Myanmar has been booming in recent years, with almost 3.1 million arrivals measured in 2014, up from just 2 million in 2013. As a result, investment in hotels has skyrocketed. Myanmar investment in the hotel sector, which was US $55 million in 2011 had increased to US $600 million by 2014. Foreign investment in the hotel sector has reached US$2.7 billion, with 47 hotels currently receiving foreign investment.

Hotel investment is largely coming from Singapore, Vietnam, Thailand, Hong Kong, Japan, Malaysia, the UK, Luxemburg and the UAE. Other investment comes in the form of joint-venture operations with domestic businesses. By the end of 2015, both domestic and foreign investment in the sector is expected to top US$3 billion. Many international hotel chains have started to enter the market, including Accor, Kempinski, Pullman, Hilton and MeliĆ”.

However for now, there is a distinct lack of high-end hotel accommodation in Myanmar. This has led to high room rates. As more stock is completed in the next few years, and as more good quality mid-range accommodation appears in the market, these are likely to see a readjustment.