Myanmar: New hotel zone near Yangon

Myanmar: New hotel zone near Yangon

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  • The Yangon urban development strategic project includes a plan to build new hotel zones between Yangon International Airport and the upcoming Hanthawady International Airport.
  • Hanthawaddy International Airport is to be built in the Bago Region, about 50 miles (80km) away from Yangon.
  • With foreign tourists pouring into the country this year, the country has been facing severe hotel shortage in major cities, including Yangon.
  • Mingaladon, Htaukkyant and Hlegu, which are within Yangon region, have been allocated for the new hotel zones.
  • Most of the lands are owned by the government and the military and government will conduct negotiations with owners for private lands.
  • Government will allow foreign investment in the new hotel zones if the plan is carried out.
  • Foreign investors from Japan, Singapore, and Vietnam have been visiting Yangon to expand in the hotel industry, but they are still in discussions with the government.
  • The existing hotel zones in Myanmar are Yangon, Mandalay, Bagan, Taunggyi, Chaungtha, Rakhine, Mawlamyine, Golden Triangle, Bago, Ngwehsaung and Nay Pyi Taw.
  • A new hotel zone is now being established in Inlay region in the Shan State of northern Myanmar and near Mount Popa, an extinct volcano situated 50km southeast of Bagan.
  • Myanmar now has about 25,000 hotel rooms across the country. Most are three- to four-star establishments, while five-star ones account for 5 per cent.

 

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