Burma tries to lure new wave of hotel investment

Singapore and Thailand are prominent among existing investors

Burma – officially known as Myanmar – which was until very recently a closed-off and controversial country to visit, is now inviting investment in its hotel industry. Twenty-one hotels with almost 4,000 rooms have already been completed at a combined cost of more than US$655 million, and another US$285 million has been put into the construction of four more projects with 1,385 rooms.
Asian investors are the most visible. US$593.5 million has come from Singapore, US$202.5 million from neighbouring Thailand, US$68.75 million from Japan, US$77 million from Hong Kong and US$5 million from Malaysia.
TravelDailyAsia
[pictured: Panorama of temples, Bagan]

x

Check Also

World Animal Protection, travel, Bali, Lombok, Indonesia, wild animals, captive, selfie, cruel, attractions, tourism, orangutans, elephants, tigers, dolphins, civet

Animal protection body exposes “Bali horror”

World Animal Protection says that wildlife tourist attractions in Bali and Lombok are “living hell for animals”.

Vietnam, tourism, overtourism, hotels, supply, oversupply, development, sustainable, Halong Bay, Danang, Phu Quoc

Hotel investors warn Vietnam about “crazy” growth

With a 43% rise in room keys, there are fears for the future in places like Halong Bay, Danang and Phu Quoc.

London Luton Airport, Vueling, Unite, union, strike, baggage, bank holiday, dates, times, May, London, flights, delay, easyJet, Jet2

Last-minute chance to avoid London airport strike

Baggage handlers at London Luton are planning to walk out this coming bank holiday weekend, with other strikes possible too.

Russia, algorithm, World Cup, restaurants, reviews, Tripadvisor, fake, tourism

Fake TripAdvisor reviews ahead of World Cup

“What can you do if no Serbs and no Swedes have ever been to your venue and left a review?”

airBaltic, player, Latvia, Bombardier, plane, CS300, aircraft, play, tennis, Facebook, marketing, airline, Ostapenko

Tennis champ plays vs. new aircraft

A video of a staged match between the world number five player and a plane goes viral.

Oulu, airport, local, province, Finland, fly, Tui, tour operator, trend, tourism, secondary, summer, 2018, Tampere, Vaasa

TUI invests heavily in local airport flights

Extra flights have been added from provincial Finland for the autumn holiday weeks, as the operator has been overwhelmed with demand.