Myanmar is only a few years away from becoming the next Thailand and the arrival of Hilton and MasterCard, while a necessary driver of the boom, is also what will eventually strip the country of its undiscovered gems.
Hilton Worldwide has become the first major international hotel company to announce its entry into Myanmar.
The company has signed a management agreement with LP Holding Co Ltd to operate the 300-room Hilton Yangon, which is expected to open in the city’s central Kyauktada Township area in 2014.
While Myanmar is developing fast, it still has a severe shortage of hotel rooms. Currently there are estimated to be only around 28,000 hotel rooms in the country – fewer than in downtown Bangkok…
Subscribe to Skift Pro
Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)Subscribe Now
Photo Credit: Several of the many old and semi-abandoned imperial buildings in Yangon, Myanmar. Rafat Ali