This agreement is a significant milestone for us as it represents both Hilton Worldwide’s and the Hilton brand’s entry into Myanmar. Following the social and economic reforms the country has made over the past year, Myanmar has seen visitor arrivals grow by 45.1% compared to the previous year. Yangon, in particular, is positioned to grow much faster than many other emerging market in Asia. Backed by a strong partner like LP Holding Co., Ltd, we are very confident that as the first internationally branded hotel in Yangon, Hilton Yangon will set the benchmark for quality hospitality experiences catering to both domestic and international travelers,” said Andrew Clough, senior vice president, development, Middle East & Asia Pacific, Hilton Worldwide.
Hilton Yangon will offer one all-day dining restaurant, two specialty restaurants, a destination sky bar and a lobby lounge. Offering a total of 1,400 square meters of event space including a 850-square meter ballroom, the hotel will also have an Executive Floor, a business center, a fitness center, a pool, a spa and car park facilities.
I have written about my hotel problems in Yangon previously – here’s article about hotel room shortage in the city. There simply aren’t enough beds in the city and prices compared to Bangkok are at least three times more for similar or lesser quality properties.
The city only has three properties that are up to western quality; Governor’s Residence (part of Orient Express) and you can read my review of this hotel here, Traders (part of Shangri-La), and the Strand. The prices of these three properties varies from $200 to $500 per night.
Hopefully there will be more hotel development in the city to bring the prices to more acceptable level. I doubt that one Hilton is enough, as more companies are flocking to the country to take advantage of the vast natural resources.