ROOM rates in Myanmar’s capital shot upwards as hoteliers cashed in on the high turnout at the Jade, Gems and Pearl Special Sales 2011 show earlier this month.
A gems trader said most hotels in the capital charged double their normal room rates during the event, which attracted 9,300 visitors – including 4,700 foreign traders – from July 1 to 13.
“We had to pay an extra US$100 a night just to put another bed in the double room we booked,” he said. “That was on top of the US$150 a night for the deluxe room that is normally available for US$65 a night.”
Most hotels in Nay Pyi Taw run at an average occupancy of 55 per cent to 65 per cent. Their clientele consists mainly of business travellers, NGO staff and foreign government officials.
However, during the annual gem emporiums in March, July and November, hotels run at peak occupancy to full house (TTG Asia e-Daily, December 13, 2010).
There are currently 20 hotels in Nay Pyi Taw’s Hotel Zone One. Another 19 properties are being developed in Hotel Zone Two.