Only 1,500 to 2,000 hotel rooms in Yangon are of international standards and the city will only be able to meet room demands by 2017, according to a report from Jones Lang LaSalle's Hotels & Hospitality Group.
"According to the Ministry of Tourism,
there are currently 9,110 hotel rooms in Yangon. While opinion differs
on which hotels are of international standard, the general consensus of
our research amongst industry sources appears to be in the range of
1,500 to 2,000 rooms," the group said.
The study is titled: Myanmar Hotel and
Tourism Report: Spotlight on Yangon by Jones Lang LaSalle's Hotels &
Hospitality Group.
The report also highlighted that only 17
percent of hotel rooms in Yangon meet international standards. The
group estimated that 5,752 rooms of international standard will be
available in Yangon in 2017 while 1,000 rooms will be under proposals
and 421 rooms under construction.
Major international hotels were
prohibited from investing in Yangon due to economic sanctions in the
past, but US and European hotel operators are now beginning to invest in
Myanmar's hotel industry as tourists begin to flock to the once-closed
nation.
source: Eleven Myanmar
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