Dusit is finally expanding into ASEAN with a new property being planned into Yangon new Central Business District, north of Myanmar’s largest metropolis. The future hotel will be located just 15 minutes by car from Yangon International Airport, and approximately 20 minutes’ drive from the city’s main tourist attraction, the Shwedagon Pagoda.
Dusit Thani Yangon will be positioned as a luxury corporate and MICE city hotel within a pioneering mixed-use development incorporating a convention centre, offices, retail units and residences. The hotel will comprise 338 rooms and feature one all-day-dining restaurant, Dusit’s signature Thai restaurant, Benjarong, and one rooftop restaurant and bar. Meeting facilities will include a 400-seat ballroom with adjoining conference rooms. Guests will also have access to a swimming pool, gym, and the luxurious Devarana Spa.
Yangon welcomed 1.3 million international arrivals in 2015, an increase of 15% from 2014, and the figures are only expected to grow as Myanmar continues to open up to foreign investment and tourism. With Myanmar’s government aiming to attract 7.48 million annual visitors to the country by 2020, Dusit Thani Yangon, which is slated to open at the end of 2019, will be perfectly positioned to capitalise on this influx of trade.
The property will come on the market as Myanmar is expected to be one of the fastest growing economies in Asia Pacific in the years to come. Growth is projected to rise to 7.8 % per year over the next three years according to a report from the World Bank.
Ms Suphajee Suthumpun, Group CEO of Dusit International, said, “Myanmar is a fast-emerging market and we are delighted to partner with Myanmar V-Pile Group for this very special project. We see the hotel as a great opportunity to showcase our unique brand of gracious Thai hospitality in one of the ASEAN Economic Community’s largely untapped markets. This should set us up perfectly for further expansion within the country, including key destinations such as Bagan, Mandalay, and Inle Lake, as well as throughout Southeast Asia in general, where we already have over 20 properties in the pipeline”, added the Group CEO.