Myanmar Hotel PriceBurma Hotel Price
Myanmar launches global hotel price comparison
B&F Myanmar, a Yangon-based company, said it has launched a world-leading hotel price compare site, B&F Accommodation, where people can find appropriate hotel offers from large tourist sites and properties. We work with global hotel networks and have over 5 million hotel offers in over 120,000 cities around the world. -The company said it offers a range of hotel deals departing from three-star budgets accommodation to five-star luxurious hotels in various locations for families, groups or businesses travelers.
The B&F Hotels website allows you to find and check room availabilities and rates on key tourism sites such as Expedia, Hotels.com, Venere, Laterooms and Booking.com, among others. This website scans trip sites in near-life to see travelers' availabilities and the best hotel offers, then travelers can click directly on affiliate sites to make a booking.
They said the website is free and there will be no reservation fees for clients to reserve their hotel. "Our goal is to offer all travelers the cheapest possible hotel price," it says in a comment. The B&F Group is a network of tourism professionals and technological specialists headquartered in Yangon and Lancashire, UK.
Myanmar's hotel sector: room prices are falling and the number of high-end properties is rising | Myanmar 2017
2016 has been a disillusioning year for Myanmar's hotel industry, especially in Yangon, where more than a third of the country's hotel industry is located. The construction industry is now experiencing a construction explosion, driven by an optimistic view of the country's democratization and the easing of the regulations for hotel investments abroad, and the surge in demand, especially at the upper end, has helped to reduce room prices.
The Yangon Cultural Trust, which recently concluded a survey on sustainability in cultural travel, estimated that around 10% of Yangon visitors are spending less than $100 per night (including accommodation), 80% in the middle price segment ($100-200 per day) and 10% in the upper price segment, willing to pay more than $200 per night and possibly even $1000.
By the end of June 2016, the number of rooms in upscale hotel establishments had risen to over 4,300 rooms following the opening of the Melia Hotel, part of the evolution of the HAGL Myanmar Centre, and the 29-story, 431-room Inya Wing in Yangon Sedona. As a result of the rise in supplies, the annual mean day to day ratio fell by 22% compared to the previous year and, according to Colliers International, reached a all-time low of only 42%.
Immobilienberatung is expecting a further drop of 8-10% by the second half of 2017, as even more high-end properties will be opened. "Colliers analysts Daw Tin Thandar Oo said in the half-yearly Yangon hotel industry survey, "The strength of the offer indicates a more competive environment.
In the midst of increasing competitive pressure, some objects are being refurbished and extended, above all the time-honoured Hotel The Strand in Yangon, which was last subjected to a large-scale renovation 30 years ago. Co-run by GCP Hospitality and the Ministry of Hotel and Tourism (MoHT), the hotel re-opened in November 2016 and the 31 suite in its 1901 predecessor was modernised.
In March 2017, GCP is planning to re-open the middle class hotel Thamada under the Hotel E trademark after it has been modernised and renovated. Neckiers finds that mid-range real estate is often more appealing to recreational and corporate travelers, with an annual rental level of 77% in June 2016. But it also cautions that the new offer - Best Western is to expand in Yangon and Ibis Styles is scheduled to open before the end of 2016 - should reduce capacity utilisation.
According to the MoHT, in 2015 Myanmar had 1279 rooms in 1279 of them. Among them were 324 in Yangon (15,424 rooms), 168 (6788 rooms) in Mandalay and 78 (2565 rooms) in Bagan. Directorate of Investment and Business Management finds that there is a "need for quality and accessible accommodation" in areas outside the major city.
The Inle Lake market is increasingly competitive as smaller, more private establishments are opened by global names such as Accor Real Estate and business owners. With the opening of the 94-room Sanctuary of Sanctum Inle in October 2016, the standards for housing in the region were raise-ed.