Need for patience in 'tedious' Yangon hotel recovery - Colliers
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.
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.
