The Thai Hotel and Hospitality Management Association (THMA) is going to organise a business matching event for Thai hotel industry entrepreneurs in a bid to tap Myanmar’s booming hotel industry, the association said in a statement.
The business matching event, Yangon HORECA (Hotel, Restaurant, Catering) Bizmatch, will be held on March 22 at Park Royal Hotel, Yangon.
The event, which falls on THMA’s 10th anniversary, will bring together Thai manufactures and suppliers of hotel equipment, electrical appliances, IT, software for hotel and restaurant management, and all hotel related products to meet with existing and new hotel entrepreneurs and hotel related business partners in Myanmar, THMA said.
Since the Myanmar government had adopted a new policy to welcome foreign investors and tourists in 2012, the number of foreign visitors had been increasing tremendously, resulting in massive investments in new hotel and serviced apartments in the country.
It has been estimated that a minimum of 4,000–5,000 new hotel rooms will be opened by 2015.
“We see a great opportunity for hotel suppliers to promote business with the new hotel entrepreneurs in Myanmar,” THMA said.
The event is supported by Thailand’s Department of International Trade Promotion and the Ministry of Commerce, Thailand, and managed by TTF Yangon Co Ltd.
The event will consist of a half day investment seminar for potential Thai hotel investors and a full day business matching between Thai hotel products and equipment suppliers and Myanmar hotel, restaurant owners and same business dealers.
THMA said it only limit the number of suppliers from Thailand to 25 companies to meet with Myanmar entrepreneurs and business partners, while 30 minutes will be allotted per discussion for 11 sessions from 9am-5pm.