Myanmar is full steam ahead for hotel development. The destination recently wrapped its Hospitality & Tourism Conference 2014, at which hotel suppliers gathered to explore opportunities in Myanmar's booming hospitality and tourism sector.
At the conference, Best Western announced that it launched its 189-room hotel in Yangon, making it the first US-based hotel company to create a presence in Myanmar since it opened up its market. "Best Western sees great opportunities for them and so they intend to be at Myanmar for a long-term," the article on Sphere Conferences reports. "Besides they also have plans of expanding its portfolio in Myanmar, with a new upscale Best Western Premier Hotel expected to launch in the country's capital, Nay Pyi Daw, at the later part of the year."
Other hotel brands such as Accor and Hilton will be making their Myanmar debuts, as well.
Furthermore, the government in Myanmar is aiming to bring foreign investments into the Thandwe Hotel Zone Project in Rakhine State, in Western Myanmar. "A total of Ks5 billion have been set aside to fund this project," the site reports. "To make the Ngapali Beach in Thandwe as modern as the Bali Beach, more infrastructure is needed."
The Ministry of Hotels and Tourism will have two key areas in the project - mainly the constructions and development of building roads by the regional government and the environmental conservation. Both local and foreign experts will work together to plan the projects in the hotel zone. It is expected that more than 3 million tourists will be traveling to Myanmar.