Dusit Takes Low-Risk Bet on Yangon as Others Retreat

Photo Credit: Dusit Hotels and Resorts Dusit Hotels and Resorts is taking over three of Yangon's best-known hotels, even though the Thai group says it does not expect Myanmar's international leisure market to recover any time soon. The company opened The Strand Hotel Yangon – Dusit Collection and ASAI Yangon Sule under its management last week. Dusit Hotel Inya Lake Yangon is due to follow, the company said. "We recognise that Myanmar presents a complex and challenging operating environment, and we do not anticipate a significant recovery in international leisure tourism in the near term," Chanin Donavanik, group CEO of Dusit International, told Skift. The Inya Lake project also marks a return. Dusit first entered Myanmar in 2002, when it took over management of the Inya Lake Hotel. The company said the upcoming Dusit Hotel Inya Lake Yangon is the same property Dusit previously managed, though it is now under different ownership. Dusit did not say when or why its earlier managem