Alternative Strategies to Counter Headwinds Market competition is stiff amid the recent decline in total foreign arrivals in Yangon but shows promise with an increase in foreign business travellers. While supply is set to rise substantially over the next few years, we expect average daily rates to trend downwards. Upper-scale hotels therefore need alternative solutions […]
Peninsula chain adds carefully chosen links in Myanmar, elsewhere
As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic Yangon Central Railway Station. The headquarters of the old Burma […]
In Conversation with Myanmar Business Today: Hongkong and Shanghai Hotels Ltd CEO Clement Kwok
The Hongkong and SHANGHAI HOTELS Ltd (HSH), a Hong Kong-based premier hotel group, along with Yoma Strategic Holdings Ltd, is set to foray into Myanmar’s booming hotel and tourism sector by opening a five-star hotel called THE PENINSULA Yangon. Clement KM Kwok, CEO, HSH, talked about his firm’s investment, its goals and Myanmar’s hotel industry’s […]