Apr 24, 2014

Foreign hotels to be completed by mid-year

Foreign hotel projects currently under construction will be inaugurated by mid year according to the Ministry of Hotels and Tourism.

Most of the projects, including international hotel chains, are located in Yangon, according to Director General Aung Zaw Win.

“Novotel Hotel will be opened in the mid year. Others such as Center Point and Shangrila will soon follow too,” Aung Zaw Win said.

New hotels will provide up to 2000 new rooms which will be available to cater for growing numbers of tourists expected in the coming high season.

A project co-owned by the Yangon City Development Committee plans to renovate colonial-era railway offices near Lahapyin market. Another hotel complex and business centre being built by Vietnamese company is also in the works.

According to the ministry’s press release in April, there are more than 900 hotels in the country among which 40 hotel buildings are foreign investments worth US$ 1.7 billion.

Myanmar currently has only five five-star hotels in Yangon, according to the Myanmar Hotelier Community.

As the country’s tourism begins to boom, the price of hotel rooms has been rising high above neighbouring countries, mainly due to higher demand.

There has also been criticism raised by tourists that the value of service is still weak relative to the high prices of accommodation.

Source: Eleven Weekly Media