New hotel construction prohibited in Yangon, Mandalay, Taunggyi, Nyaung Shwe and Kalaw

Construction of new hotels has been halted in Yangon, Mandalay, Taunggyi, Nyaung Shwe and Kalaw due to the burgeoning number of rooms at hotels, motels and guest houses that far outnumber the demand from tourists, it is learnt from the Ministry of Hotels and Tourism.

According to ministry statistics, 46 per cent of the rooms at the hotels in Yangon are vacant. Only 51 per cent of all hotel rooms in Mandalay are booked, while a mere 28 per cent of all rooms in Nyaung Shwe are occupied. The rate of occupancy is only 43 per cent in Taunggyi, and 18 per cent in Kalaw.

The prohibition on new hotel construction will be lifted depending on the supply and demand. There are a total of 1,371 licensed hotels consisting of 53,716 rooms across the nation, according to the ministry.

Source: Global New Light of Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.