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Supply of International standard hotel in Yangon raise by about 65% this year

Recently it was studied by Jones Lang LaSalle who is the professional real estate services provider, that there are about  1,000 hotel rooms of  international standard that are currently under construction as well as planned to complete in Yangon this year.  The original supply signifies a 65% rise from 2012 and will transport the entire stock of international-standard supply to 2,500 rooms at the end of the year.

It was stated by Andrew Langdon, Executive Vice President, Hotels and Hospitality Group at Jones Lang LaSalle in Thailand that the hotel market of Yangon sustained to practice a severe deficiency of international-standard supply, “However the development of innovative international standard supply in 2013 is considerable, since contain a small base and will fail to achieve the durable progress of demand for valued hotel rooms in the city. He further described that International entrances to Yangon have observed an important growth in the preceding few years and are also expected to increase further,”

International guest comings to Yangon have grown-up quickly attaining year-on-year development rates of 25.9%, 21.7% as well as 55.7% in 2010, 2011 and also 2012, correspondingly with 2012 observing 559,610 guests.

It was stated by Langdon that  “ Guest comings are projected to stay robust for the leftovers of 2013 for example numerous proprietors in Yangon report bookings close to full capability for the approaching period through the last quarter of the year, on the other hand Ministry of Myanmar and Tourism illustrate more than  9,100 hotel rooms in Yangon. 

Last modified onWednesday, 30 October 2013 14:44

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