Right now Yangon and Myanmar are going through very fast growth period once few countries such as United States eased or completely withdraw the trade embargo after successful open election earlier this year. Foreign companies are trying to establish themselves to the country and the hotel availability haven’t kept up. And this shows on the prices.
There are only two or three Western quality hotels in Yangon; Governor’s Residence (where I stayed earlier this year), Traders and Strand. All these three were very expensive for the date in early December I was looking at. The Governor’s Residence had their daily rate exceeding $600.