Homepage
PR Newswire
19-06-2017, 01:44 PM
Myanmar's Tourism Destination Dreams Fade Amid Empty Hotels
by Philip Heijmans
With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing the demand in Myanmar,” he said.
When the country opened to the outside world in 2011 after decades of military rule, the former British colony held promise as one of the world’s hottest tourist destinations, a last frontier for adventure travel. With its lush landscapes and ancient temples, government planners hoped tourism would become a big part of the development equation, just as it has been for neighboring Thailand.
But it hasn’t worked out that way. A construction glut has flooded Myanmar with unused hotel rooms, and poorly regulated building has damaged national treasures like the archaeological site of Bagan and scenic Inle Lake, which is becoming clogged with silt and garbage.
“It’s a massive challenge for the country to develop such a complex sector where they have no experience,” said Paul Rogers, a tourism consultant and adviser to the Myanmar government.
More details in https://www.bloomberg.com/news/features/...pty-hotels
by Philip Heijmans
With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing the demand in Myanmar,” he said.
When the country opened to the outside world in 2011 after decades of military rule, the former British colony held promise as one of the world’s hottest tourist destinations, a last frontier for adventure travel. With its lush landscapes and ancient temples, government planners hoped tourism would become a big part of the development equation, just as it has been for neighboring Thailand.
But it hasn’t worked out that way. A construction glut has flooded Myanmar with unused hotel rooms, and poorly regulated building has damaged national treasures like the archaeological site of Bagan and scenic Inle Lake, which is becoming clogged with silt and garbage.
“It’s a massive challenge for the country to develop such a complex sector where they have no experience,” said Paul Rogers, a tourism consultant and adviser to the Myanmar government.
More details in https://www.bloomberg.com/news/features/...pty-hotels
Specuvestor: Asset - Business - Structure.
