Hotel Rates in Yangon MyanmarAccommodation in Yangon Myanmar
Yangon (Rangoon) Accommodation
This is 17% lower than the $105/night standard room rates. This is 19% lower than the $235/night standard room rates. This is 14% lower than the $149/night standard room rates. This is 18% lower than the $68/night. The prices you found are 18% lower than the standard rates for this one.
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Why Myanmar is ready for hotels?
HVS's new survey of Myanmar's hospitality industry shows a compelling image of a tourist resort that not only distinguishes itself in the tourist sector, but also uses its attractiveness to attract foreign tourists as a means of improving its economic performance. Last year Myanmar had a combined number of 1,279 listed properties with a combined 49,946 rooms.
Yangon, the country's biggest town, has 30 per cent of the country's rooms, which is mainly due to corporate missions. With 13 per cent, Mandalay follows with a pronounced recreational attendance, and Nay Pyi Taw has 11 per cent who "are exclusively pushed by state demand", the article says. Between 2014 and 2015, the number of hotels rose by 15.
5%, or over 6,700 rooms across the nation. The Inle Lake area in particular (Taunggyi & Nyaung Shwe) posted the highest increase of 23.2 per cent compared to the previous year, boosted by the increase in recreational activity in this area, while Yangon and Mandalay lag slightly behind at 17 per cent.
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The number of visitors is increasing. The Myanmar Ministry of Hotel and Tourism Master Plan for Myanmar, 2013-2020, stated that the government had established a number of ambitions, 7. The number of global visitors will reach 48 million annually by 2020. Consistent with this competitive expansion, overall tourist income is projected to grow from $534 million in 2012 to $10. 18 billion in 2020.
By 2015, the overall number of visitors to Myanmar was about 4.68 million, with 28 per cent of visitors arriving via aerodromes and 72 per cent via checkpoints. In comparison to 2014, the number of people arriving in 2015 increased by 52 per cent. A 15 per cent increase in the number of incoming flights and 73 per cent in the number of crossings made a contribution to this increase.
Because of the low number of basic arrivals, incoming numbers have been increasing at double-digit levels over the last four years. Overall, Myanmar profited from rapid tourism expansion with an average yearly 34 percent increase from 2010 to 2015. Better airports mean that incoming air travel will continue to grow.
Currently there are 28 major global and 11 local carriers flying to Yangon Int'l and Myanmar's most important aviation centre. Overall arrivals (from all airports) amounted to 1. 3 million in 2015 and has obtained a 27 per cent catch-all (CAGR) in the 2010-2015 area. Myanmar's economic development has been remarkable in recent years.
In May 2016, the Economist Intelligence Unit forecast for Myanmar estimated Myanmar's gross domestic product to grow by 6.8 per cent in 2015 and 7. Seven per cent in 2016. For 2016/17 to 2020/21, significant macroeconomic expansion is forecast, driven by large scale investments financed by international investment. By 2015, Myanmar had totaled some $2.1 billion in tourist spending.
In comparison to the year before, overall tourist spending rose by 19 per cent with a six-year long COAGR of 42 per cent. Consistent with rapid year on year increases, there has also been a significant rise in the last six years in per capita and per diem spending, with a rise from $102 in 2010 to $171 in 2015.
During the same timeframe, the duration of stays rose from 7 to 9 working nights. Please note that this is the most likely exclusion of day-trippers from the trip to the frontier. By 2015, there was an inflow of about $2.6 billion in FDI for the design of hotels and tourist resorts, most of which came from Singapore, a member of the Association of Southeast Asian Nations (ASEAN).
That was a staggering 9,132 rooms in 48 properties, 69% of which were completed, 25% under development and 5% approved by the Myanmar Government's Myanmar Investments Commission. In comparison to 2014, the number of rooms rented abroad has grown by 3 per cent, while the overall amount of investments has risen by 5 per cent, leading to an 8 per cent rise in annual investments per room in 2015.
Although investments continue to rise, the pace of economic expansion has slower than in prior years. To a large extent, the deceleration in FDI in 2015 can be traced back to investors' reluctance before the 2015 press conference, policy transition, floods, persistent pressure of economic structures and so on. In the long term, however, greater FDI into the tourist sector is needed to create the necessary infrastructure to sustain further tourist development.
The IHL anticipates that in 2016/17, as Myanmar's policy reform is transferred, there will be an increase in personal investment as Myanmar's government transfers control, subject to changes in the economy and politics. It also finds that the vast majority of hotels across the nation are budgeted to mid-range, brand-free and run by locals and property managers.
Therefore, the hotel standards may not be the same across the state. The majority of the world' s top brand restaurants are in Yangon and Nay Pyi Taw to meet business needs and the demands of the state. Brand hotel establishments have only recently opened up to meet with the approval of travellers from all over the world.
But, as we noticed early this year, we are already looking for ways in Myanmar. Kempinski, Amara, Centara, Dusit, Melia, Shangri-La, Tangram, Hilton and Best Western are just some of the companies that have made investments in Myanmar. Sheraton Yangon, the first in the region, is scheduled to open next year, while Marriott is looking for partner, says Simon Cooper, regional Asia -Pacific chairman.