The lacklustre occupancy levels of upscale Yangon hotels will continue to be the mark of the pandemic-induced downturn as the return of international travels remains uncertain in the near term, according to Colliers Myanmar.
The overall performance of Yangon’s serviced apartment market as of the third quarter appeared more resilient than expected, especially in comparison to their hotel counterparts, according to a recent property market report released by the global consultancy firm, Colliers International Myanmar.
A new report from Colliers Myanmar has shown Yangon's retail sector has been under increased strain from Myanmar's second wave of COVID-19.