Colliers International Myanmar: Yangon Hotel Market Quarterly Report Q4 2018
No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies and programmes designed to boost the tourism and hospitality sector. Given that projects and investments are still mostly geared towards the upper-scale segment, Colliers continually encourages both developers and operators to venture into the untapped potential of the midscale category instead.
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