Home MMBIZ News Tadar Oo Hotel Zone Moves Forward

Tadar Oo Hotel Zone Moves Forward

Tadar Oo Hotel Zone’s first phase of development has started on 1,000 acres of land south of Mandalay, according to an official from the Myanmar Hoteliers’ Association.

Association Secretary U Kyi Thein said, “We have already bought 2,500 acres of land for the hotel zone, but another 3,000 acres are needed. They will be bought under the supervision of the regional government.”

Officials said the hotel zone will include hotels, roads, electricity infrastructure, recreation centers, pools, a highway bus terminal and restaurants.

The hotel zone will be operated by Myanmar Travels Development Plc, which plans to sell shares for the firm at K10,000 per share.

Hotel zones are a unique feature in Myanmar, in which hotels are separated from the community. However, they are generally unpopular with tourists.

Earlier this year, Myanmar Centre for Responsible Business (MCRB) in its Sector Wide Impact Assessment Report on Myanmar’s tourism sector warned of negative impacts associated with hotel zones, where land is compulsorily acquired for multiple hotels, often on environmentally sensitive sites.

- Advertisment -

Must Read

Global gold price eased, but the local prices show no reflection

The local gold market saw only a slight price fluctuation without reflecting the global gold market where the gold price dropped. The global gold price...