Affordability issues continue to persist in Yangon
A slight uptick in overall sales of condominiums in Yangon follows pricing promotions for many projects, but, Colliers sees the performance as temporary, and the strategy as financially unsustainable.
Headwinds cause Yangon market to shift towards alternative strategies.
Karlo Pobre from Colliers believes that average daily hotel rates are expected to trend downwards. Upper-scale hotels therefore need alternative solutions to boost market share.
The Myanmar tourism sector is seeing necessary reforms and legislation put in place that will facilitate its sound development in the future
"We can only hope that this journey will be managed in a sustainable manner, learning from the lessons from some of its peers in the region.” Daniel Voellm, Managing Partner at HVS Asia Pacific.
