Even more hotelsGeoffrey K. See | Thursday, February 7th, 2013 | No Comments »
During our cold January visit, we stayed at the Koryo Hotel. One change that was hard to ignore was the huge gaping hole next to the venerable Koryo. Construction for a new hotel was underway and the site was quite busy, with several work teams and plenty of revolutionary music. It is supposedly meant to be a 75 storey structure, though we also heard 45 storeys thrown out. I have previously written about the hotel market in Pyongyang, and short of major changes in how North Korea relates to foreigners, I am still bearish about hotel demand in the medium term.