Hilton Worldwide has marked its entry into the Burmese market with the signing of a management agreement with LP Holding to control Hilton Yangon in Kyauktada Township, Yangon, Myanmar. The first Hilton Worldwide property in Myanmar, the 300-room Hilton Yangon can also be the 1st Hilton Hotels & Resorts branded hotel and is scheduled to open in 2014. “This agreement is a vital milestone for us because it represents both Hilton Worldwide’s and the Hilton brand’s entry into Myanmar. “Following the social and economic reforms the rustic has revamped the past year, Myanmar has seen visitor arrivals grow by 45.1 per cent in comparison to the former year1. “Yangon, particularly, is positioned to grow much faster than many other emerging markets in Asia. Backed by a robust partner like LP...
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