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Current estimates have found that international quality hotel supply in the former capital is expected to grow by 36.7 percent per annum (CAGR) from 2012 to 2016, assuming all projects which are underway or in the pipeline are completed.
There has been tremendous growth in visitors to Yangon in the past year as Myanmar began economic and social reforms, and as a result, hotels are now experiencing significant growth in demand from both corporate and leisure travellers. However, major international brands are relatively scarce in Yangon due to the economic sanctions that have prohibited American and European hotel operators from entering the market.
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19 November 2012