Hotel Rates in Yangon MyanmarAccommodation in Yangon Myanmar
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Yangon Summit Parkview Hotel, Myanmar
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Yangon, Myanmar is one of the most rapidly expanding hotels worldwide.
Myanmar (or Myanmar, for the political correct) is one of the hot targets for 2012 and is likely to stay so for the next few years as the nation opens up after many years of war. A major benchmark of this increase is the ex-speaking number of hotels being built in the former Yangon (formerly Rangoon).
A new Jones Lang LaSalle Hotels survey forecasts an annual increase in the volume of hotels of international standard of around 37 per cent from 2012 to 2016, once all ongoing or ongoing properties have been concluded. A few recent figures about Yangon Hotels & Travel:
Currently there are about 8,000 rooms in Yangon, of which an estimation is only 1,500-2,500 are of global standards. Global hotels make up almost 20% of the Yangon population. According to the 2007 to the end of 2012 ADR will have increased by 350%.
The number of visitors to Yangon rose sharply, reaching 24.8%, 25.9% and 21.7% respectively in 2009, 2010 and 2011 compared to the previous year. The number of visitors rose by 45.1% in September 2012. Lang LaSalle's review continues: Some of the Yangon project are quite risky and there is a good possibility that they will not make any progress.
Myanmar's new FDI Act (introduced this month), however, aims to attract FDI to quickly remove many bottlenecks and help the country's economies expand. A foreigner can own 100 per cent of a business in Myanmar, whereby each interest in a common interest in a local partnership is arranged by both of them.
Given the forecast influx....and the restricted availability of rooms of yangon's highest standards, Yangon has aggressive renegotiated agreements with tourist agencies to raise prices. As a reaction, the US authorities have introduced an upper limit of $150 to alleviate the higher room prices, but this limit only applies to rooms for sale to tourist agencies / organisers and expires at the end of March 2013.
The majority of them are fully booked all year round on week days and even on the weekend in the high seson.