Yangon’s iconic Savoy Hotel has announced that it is permanently closing.

In a press release this week, Savoy Hotel Yangon said they were sorry to inform guests and friends that the Savoy will be permanently closed.

“We would like to thank you for all your stays as hotel guests, visits of our restaurants and Captains Bar, enjoying events and sharing wonderful moments with us,” they said in their press release, adding, “We wish you all the best for the future.”

The five-star hotel opened its doors 25 years ago, when Myanmar was under military regime rule, with the hope that the then restricted tourist destination would eventually open up.

A number of hotels in Yangon and around Myanmar have had to close or attempt to tick over due to the drop in foreign and local tourists following last year’s February military coup and two years of the COVID-19 scare and restrictions.