United Kingdom
United States
Asia Pacific
Banyan Tree inks Myanmar joint venture
Luxury hotel group Banyan Tree has signed a joint venture to manage more than a dozen hotels across Myanmar.
It inked a deal with Myanmar Treasure Hotel & Resort Group, which is also known as Htoo Hospitality.
Htoo operates 15 hotels in 11 destinations across Myanmar under brands including Aureum Palace Hotels & Resorts and Myanmar Treasure Resorts.
The joint venture will manage the properties as well as two more in development.
Flagship brand Aureum Palace has hotels in Bagan, Ngapali and Inle Lake.
"We are committed to drive environmentally responsible growth and help position Myanmar tourism at a global level. This strategic alliance will drive Myanmar hospitality to a whole new level," said U Tay Za, chairman of Htoo Group.
Some of the hotels will be rebranded over time into a jointly-developed new brand or as part of Banyan Tree’s brand portfolio.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled