Category: Hotel

Real Estate Industry Of Myanmar Is On Its Way To Recovery

There are many signs of recovery that s evident in the real estate market of Yangon as well as its construction industry. Notwithstanding the remaining challenges that they are facing, FMR which is a research company revealed in its semi-annual review that the real estate sector is on its way to recovering. There are already a handful of hotel projects and Yangon serviced apartment that are lined up to be constructed in the following years.

According to a publication released by FMR called Yangon Real Estate Review, there will still be a number of project cancellations as well as delays that are anticipated in the coming months because of the reassessments that are being conducted by developers with regards to the viability of their project.

In a statement they have published last month, the company said that there are signs of economic recovery in the long-term aspect of the market and its potential is starting to show since the stagnation felt in 2016 is coming to an end. In order for the market to have success in a long-term basis, it is important that the government policies should be consistent.

The review also states that there has been slow growth seen in the sales of off-plan residential projects in majority of the developments as well as new projects emerging are not that many.

FMR clarified that despite this, there a handful of developments that are changing the current trend and more and more proofs are showing that new projects will soon to be launched in the country.

There is still the lingering effect of the work suspension that was imposed on the projects located in Q2 and Q3 of Yangon while there are still developments that are still unmoved after the decision.

Commercial projects are coming to life after the development of the Junction City in the downtown area of Yangon. Aside from the retail mall, the project will have more office space allocated which will cover about an additional of 33,000 square meters.

Many of the developers such as those offering Yangon serviced apartment are looking into international companies to help them operate their project and stay ahead of their competitions.

Metasearch To Allow Hoteliers To Compete For Bookings

A hotel website usually includes a wide array of information but very often, a potential visitor will not make the effort to read and find out the features offered. For most travellers, what is more crucial the location because they do not want to waste time in travelling from the hotel to the destination. If you are visiting Bangkok, a good option would be a hotel in the heart of the city.

According to Daniel Holl, Head of Global Hotel Sales of Trivago, in the hospitality industry, it is important to be agile in determining the ever-changing preferences of consumers. What most consumers like is to have a diverse choice with full market transparency and they want to see all options in one place. Trivago does not use intuition and prefers to act based on data so that they will have an immediate and strong impact.

In terms of advertising, Trivagospends more than any other online brand on TV promotions, more than what Trip Advisor spends because they want to explain to consumers why metasearch is very important. Trivago provides hoteliers the ability to compete for bookings. For consumers, Trivago allows them to choose from more hotels at better prices.

A traveller’s booking journey starts with search but Trivago does not want travellers to make the mistake of “booking on trivago.” This should not be integrated into the search experience of the traveller because it will only create confusion among users. The goal of Trivago is to improve booking conversions for their advertisers so that they can be competitive in the open hotel marketplace.

Small and medium sized hotel are at a disadvantage when compared to the bigger hotel chains because they do not have the resources and data to build a booking platform that is optimized for all devices. Trivago levels the playing field by helping advertisers to turn more “lookers into bookers.”

Special and discounts are available if you book directly with retro hotel in Sukhumvit which is situated in a very convenient location in the city of Bangkok. The 4-star boutique hotel offers a stunning blend of contemporary and retro style that is fused with charming elegance.