Banyan Tree partners with local hotel brand despite tourism slump
International hospitality giant Banyan Tree Holdings is partnering with one of Myanmar’s largest hotel brands to manage 17 of its properties. Singapore-based Banyan Tree has announced a 50-50 joint venture agreement with Htoo Hospitality, a.k.a
Thailand’s Centara to enter Myanmar hotel industry
Thai-based hotel operator Centara Hotels & Resorts and KMA Hotels Group, signed an agreement to develop and renovate six hotels in Myanmar yesterday. Under the agreement, the three existing KMA hotels in Inle, Naypyitaw and Taungoo will undergo
Memories Group acquires stake in three Yangon hotels
Prominent local tourism company Memories Group has acquired a 15.28 percent stake in Strand Hotel International Limited (SHIL), in a deal worth USD 3.19 million. The deal involved interests in three Yangon based hotels, as well as a well-known cruise
Japanese hotel chain opens property at Thilawa SEZ
Japanese business hotel chain Super Hotel has opened its second property in Myanmar, at the Thilawa Special Economic Zone (SEZ), on the outskirts of Yangon. According to a report in the Nikkei Asian Review, the four-story hotel was built at a cost ofMyanmar to introduce rating system for hotels
Myanmar is planning to start a rating system for local hotels, firstly in Yangon, which will be endorsed by the World Tourism Organisation.
