Colliers Property Report – Myanmar Hotel Market Report Q3 2020

Summary & Recommendations Despite calls to partially ease travel and flight restrictions amid stricter health and safety protocols, it has become clear that a full recovery is likely to be a tedious process, and the tourism industry, which contributed almost 7% of the total GDP in 2019, may not return to pre-pandemic levels, at least […]

MoHT hopeful tourism law will ease industry headaches

PLANS are being made to allow the Myanmar Hotel and Tourism Law to be enacted before the current year is out, according to the Ministry of Hotels and Tourism. “There should be laws [in place] for any place or job; sectors are weak without them. Since this law is for development of the tourism sector, […]

US businessmen to invest in Myanmar hotel sector

The Ministry of Hotels and Tourism announced that American businessmen have offered to invest in the hotel sector as privately owned enterprises or joint ventures with Myanmar partners.   The announcement was made after Senator Jim Webb, Christopher Kingsley from Brownstone Furniture and special delegates met with U Htay Aung, Minister of Hotels and Tourism. […]