Coupled with a supportive investment incentive framework, Panama’s innate strengths in the tourism industry have made it a natural destination for investment, both foreign and domestic. While in recent years much of that investment has been channelled into Panama City and its growing cadastre of three-, four- and five-star hotels, funds are now...
ity to receive visitors. Its drawback is its location, some 50 miles north-east of downtown Yangon, which, with growing traffic, could be a long drive.
The consortium also includes three of Korea’s largest construction firms: Halla, Lotte and Kumho. Kumho, part of the Kumho Asiana group that also owns Asiana Airlines, specialises in airport...
Myanmar’s very name is evocative for many, conjuring images of an exotic land of famous golden pagodas, teeming jungles, rolling mountains, pristine tropical beaches, longyi-wearing monks and traditional cities with wooden shophouses and busy markets. Now more and more foreign visitors are able to come and see this storied country for...
While many sectors of Myanmar’s economy have great potential, the tourism sector is already highly profitable and growing rapidly. Flights into Myanmar have dramatically increased in number since 2010 as business visitors and leisure travellers flock to the frontier that until recently was isolated by international sanctions. Given the dearth in...
As Myanmar’s hotel industry rushes to keep pace with rapidly growing demand, it has a fortunate head start: a large number of projects can be resumed after they were started but became dormant or slow-moving during the country’s long years of isolation. Downtown will be home to the forthcoming Hilton Yangon, a 300-room, five-star hotel set to...
The energy going into providing facilities for tens of millions of foreign visitors is relentless. On the agenda for the next few years are around 16,000 new hotel rooms, running from the height of luxury to several budget accommodations, and half a dozen or more theme parks. Dubai has set itself the target of reaching 20m visitors per year by...
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