White sand beaches and rolling green hills dotted with sacred lakes, golden pagodas and thick jungle cover a culturally diverse and sheltered land that has only just begun opening up to the outside world. Indeed, the tourism sector has been the fastest-growing sector of Myanmar’s economy since the country opened to foreign trade three years ago, though its contribution...
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Articles & Analysis | International hoteliers are eager to open their doors from The Report: Myanmar 2015
After decades of sluggish growth in the tourism sector, Myanmar’s hotels are now cashing in on the surge of new arrivals, with nightly rates soaring up to five times what they were a decade ago. Furthermore, new entrants are now keen to enter the market, and some of the world’s best-known brands have plans to expand into the country.
Interviews & Viewpoints | U Htay Aung, Minister of Hotels and Tourism: Interview from The Report: Myanmar 2015
What infrastructure development priorities have been identified to facilitate travel in Myanmar?
Interviews & Viewpoints | Chali Sophonpanich, Managing Director, Chatrium Hotel Royal Lake Yangon: Interview from The Report: Myanmar 2015
What risks do hoteliers face in expanding operations in emerging countries such as Myanmar? How can these risks be managed?
According to the Ministry of Hotels and Tourism the number of international entrants to Myanmar in 2013 doubled to 2m from the previous year, with data showing that during the first half of 2014 a 40% year-on-year increase in arrivals was also recorded. The government is hoping to channel the industry’s short-term growth into long-term benefits for the country. In June 2013 the ministry...
Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.