Collier Property Report – Yangon Upper Scale Hotel Q3 2017

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 […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]

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 […]