Bloomberg Businessweek

Myanmar’s Hotel Room Glut

Occupancy rates hovered at 50 percent in peak season last year
A lone biker on one of the capital’s new highways

With its sweeping views of Yangon’s gem-encrusted Shwedagon Pagoda, the Esperado Lake View Hotel should be bustling. Yet two years after it was built, the four-star property sits half-empty for months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing the demand,” he says.

When Myanmar opened to the outside world in 2011 after decades of military rule, there were expectations that the

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