YANGON — German wholesaler Metro has opened a massive logistics center near Yangon serving hotels and eateries, betting on the industries’ growth as tourist traffic from other parts of Asia picks up. The 5,800-sq.-meter facility located inside the Thilawa Special Economic Zone went into full swing in early March, supplying fresh food and other items […]
Hotel investments continue to rise despite lower tourist arrivals
November 27, 2018 by
Singapore-listed company Memories Group Ltd yesterday launched three new hotels in Myanmar, located in Mawlamyaing, Yangon and Mergui, respectively, even as tourist numbers dip and occupancy rates fall across the country. The 72-room, 3-star Hotel Suggati will be Mawlamyaing’s newest hotel and is being positioned as a business hotel. Mawlamyaig is the fourth largest city […]
Foreign firms have invested over $1bn in Thilawa SEZ
July 20, 2017 by
Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration. Among the remainder of the foreign investment, $101.2 million went to the commodity trading […]
Yangon hotelier with the Midas touch
December 8, 2015 by
International hotel chains have descended on Myanmar but that has not deterred one local chain, Clover Hotels Group, from aiming to open 15 hotels in 10 years. “Most of our hotels will be opened in Yangon but we hope to open at least one hotel in each of the major tourist destinations,” managing director Nay […]
Myanmar businesses slow to adapt to improvements in Internet
October 28, 2015 by
Our study of the Myanmar industry shows that Myanmar businesses are still lagging behind in the use of Internet technology. We studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail. Our study […]
Smart Software Solutions for Myanmar’s Growing Hotel Industry
August 28, 2014 by
Since international sanctions were lifted and socio-economic reforms introduced in 2011, Myanmar has been witnessing a boost in its hospitality industry; Tourism is growing at an impressive pace and as the number of tourist visiting the country increase, so do the number of hotels coming up across this South East Asian nation. With unexplored and […]
Foreign investment increases in hotel industry
December 23, 2013 by
Companies from EU, Thailand and Singapore are planning to make investment in Myanmar hotel industry, according to Director General Aung Zaw Win from Ministry of Hotel and Tourism. The negotiations are already discussed but the plans have been delayed because they are studying the current situations. “There are discussions about the investment in hotel industry […]
