One of the world’s largest hotel chains, the Wyndham Hotel Group, has launched its first project in Myanmar, a Tryp-branded hotel in Yangon’s Mayangon Township.
The Yangon hotel is the first Tryp in Southeast Asia and the second in the Asia-Pacific region after Brisbane, Australia.
Other cities with Tryp hotels include New York, Paris, Berlin, Sao Paulo and Barcelona.
“Myanmar is quickly becoming a must-see destination for international travellers… thanks to an influx of foreign investment and Yangon’s expanded international airport,” said Barry Robinson, Wyndham’s president & managing director for Southeast Asia & Pacific Rim.
The trendy 60-room hotel is situated north of Inya Lake and within walking distance of Kabar Aye Pagoda.
“Tryp by Wyndham’s unique urban flair will help visitors uncover the side of Yangon not in guidebooks, putting the city in a new light for visitors who want to experience it like a local,” said Robinson.
Wyndham Hotel Group, which has some 8,000 hotels worldwide, is poised for further expansion in Myanmar when its 260-room Wyndham Grand Yangon Royal Lake is completed this year.
The hotel will be part of the $157 million mixed-use Kantharyar Centre, located south of Kandawgyi lake, which will include a residential building, serviced apartments, an office tower and a shopping centre.
Developer Asia Myanmar Shining Star Company, a joint venture between Hong Kong Shining Star Industrial and Asia Myanmar Shining Star Consortium Development, has pledged $70 million for the hotel component of the project.
Yangon accounts for 30 percent of the more than 50,000 hotel rooms in Myanmar. But while tourist arrivals have been increasing rapidly in recent years, up-market hotel occupancy rates last year reached a record low of 42 percent.
The oversupply in both up-market and mid-ter hotel rooms has been good for penny pinching travellers who’ve benefitted from the dramatic rate cuts brought about by increased competition. Connor Macdonald
Source: Myanmar Business Today
