Wednesday, 06 February 2013 13:32 Mizzima News
Leading US-hotel chain, Best Western International Inc, has announced that they will enter the Myanmar hotel market this year.
Speaking to Bloomberg by email, Glenn de Souza, the Bangkok-based Vice President of the firm’s international operations for Asia and the Middle East, said the group is considering the country's two largest cities of Yangon and Mandalay to open hotels.
“The hotel sector is severely under-supplied, especially in the mid-scale segment, so there will be big opportunities for first movers,” he said.
The Myanmar government has announced the construction of a 200-acre Yangon Hotel Zone to be built ahead of December's South East Asia Games.
Shangri-La International Hotel Management Ltd is also currently building luxury serviced apartments near the city's Kandagwyi Lake.
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Leading US-hotel chain, Best Western International Inc, has announced that they will enter the Myanmar hotel market this year.
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| Photo: bestwestern.com |
Speaking to Bloomberg by email, Glenn de Souza, the Bangkok-based Vice President of the firm’s international operations for Asia and the Middle East, said the group is considering the country's two largest cities of Yangon and Mandalay to open hotels.
“The hotel sector is severely under-supplied, especially in the mid-scale segment, so there will be big opportunities for first movers,” he said.
The Myanmar government has announced the construction of a 200-acre Yangon Hotel Zone to be built ahead of December's South East Asia Games.
Shangri-La International Hotel Management Ltd is also currently building luxury serviced apartments near the city's Kandagwyi Lake.
_______________________________________________________________________________
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