Although there are a few cranes visible on the Yangon skyline and a small number of new projects in recent years, there’s been close to no new industrial or office space added since the 1990s mini-boom.  Other areas of opportunity include building serviced apartments, which cater to longer-stay businessmen. There are only 600 currently, and none built since the 1990s.

The government said 300,000 tourists visited in 2010, and more were expected to come this year. That number could increase dramatically. Next door, Thailand draws 15 million or more tourists a year, with similar attractions.

Vinpearl Luxury Resort has recently announced their soft opening in June 2011. Located in the southern coastal city of Nha Trang, Vinpearl Luxury Resort’s 48 villas will overlook the sea and a private beach. Access to the resort, which is situated on Hon Tre Island, will be by speedboat.

Hyatt Regency Danang Resort & Spa will open Q 4 2011. It will signify Hyatt’s second Hotel offering in Vietnam and hail the introduction of one of Hyatt’s most recognized brands to Vietnam “Regency” Comprising of 200 Hotel rooms and Suites/ 138 Condominiums / 20 Villas with private pool. 90% of the resort will have views of the Ocean and the stunning Son Tra Peninsula.

The Accor Group is opening 4 Hotel and Resorts in 2011-2013 in the Danang/Hoi An area including: The 4-star Mercure Danang with 276 rooms opening 2011, the 4-star Novotel Han River Danang with 346 rooms opening in 2013, The 5-star Pullman Danang with 197 rooms and down the coast the 4-star Novotel Hoi An Resort with 230 rooms opening Q1 2012.

For more information on accommodation options in Vietnam please contact, Vietnam@exotissimo.com.

YANGON:

• Traders Hotel: Deluxe rooms will not be available from May – September while they are renovated.
• Kandawgyi Lake Hotel: Renovations will begin in June and are expected to be completed by early October. Plumbing, painting, refinishing the floors and painting are taking place but not causing full closure of the hotel. They are also expanding their parking lot so some noise will occur during the daytime hours.

BAGAN:

• Thiri Marlar: Fully closed for the second phase of their room renovations from 1 May – 30 September
• Hotel @ Tharabar Gate: Superior rooms partially closed for renovations from 1 May – 30 September

GOLDEN ROCK:

• Golden Rock Hotel: fully closed for room renovations from 23 April to 30 September.

INLE LAKE

• Serenity Resort Inle Lake: will reopen on 1 May after two months of renovations on the rooms
• Villa Inle Resort & Spa: New property from the Tharabar Gate Hotel Group will open 1 October 2011 with 16 lakeside villas
• Aureum Hotel Group: New property expected to open 1 October 2011

NGAPALI AND NGWE SAUNG:

• All regularly scheduled flights will cease operations on 1 May 2011. There will be sporadic flights until September- please ask your travel consultant if one is available on your preferred date of travel.
• All hotels will be closed except Bayview Ngapali
• Ngapali Bay Villas & Spa: New property also from the Tharabar Gate Hotel Group expected to open in October 2011. The beachfront property will feature 4 Beach Suite Villas and 28 Sea View Deluxe rooms.

PUTAO:

• All flights will stop operating 1 May 2011 and are scheduled to restart 30 September 2011 Malikha Lodge and Putao Trekking House will both be closed during this period.