Skift Take
Even if the international hotel supply triples in the next several years, the Yangon market still offers lots of opportunities for early movers, given the current anemic state of the hotel market there.
Burma (or Myanmar, for the politically correct) is one of the hottest destinations of 2012, and will likely remain so for the next few years, as the country opens up after decades of military rule. President Obama's visit this week is only going to accelerate that. One of the biggest benchmarks of that growth is the exponential number of hotels cropping up in its former capital and main travel hub Yangon (formerly Rangoon).
According to a new report from Jones Lang LaSalle Hotels, the international quality hotel supply is expected to grow about 37 percent per annum (CAGR) from 2012 to 2016, assuming all projects which are underway or in
