HONG KONG -- The operator of the luxury The Peninsula Hotels chain said Thursday that its stalled $130 million project in Myanmar has not been canceled and that a decision to resume it would depend on economic conditions.
Companies
Peninsula Hotels' Myanmar project to resume depending on 'economics:' CEO
Recovery of tourist travel to China slowed by 'geopolitical tensions'
Hongkong and Shanghai Hotels, the operator of the luxury The Peninsula Hotels chain, suspended construction of a $130 million project in Myanmar soon after the military's takeover of the country in February 2021. © Reuters
Read Next
Latest on Companies
