The burgeoning hotel market in Myanmar's capital city Yangon is set for another year of record growth in 2014, according to property research firm Jones Lang LaSalle.
JLL analysts forecast the surge in visitor arrivals to the Southeast Asian country - which only opened its doors to foreigners in recent years.
"Ever since Myanmar embarked on its journey to democracy in 2011, Yangon has seen an incredible improvement in hotel market performance as demand continues to outpace supply," said Andrew Langdon, executive vice president of Thailand and Indochina for JLL's Hotels & Hospitality Group.
"Over the past 12 months we've seen a number of International hotel operators, including Accor and Hilton, take advantage of these conditions with key projects slated to open later in the year," he added.
Myanmar's economy has been on the up ever since western sanctions were lifted in 2012 opening the door for foreign investment, following 50 years of direct military rule.
Western countries had previously shunned Myanmar due to the government's heavy-handed treatment of its citizens, but changed their view following the election of pro-democracy leader Aung San Suu Kyi in 2011.