Vietnam has emerged as a promising market in the hospitality sector among ASEAN-member countries, especially for luxury hotels and resorts, speakers said at a hotel and resort conference held on September 24 in Ho Chi Minh City.
Nearly 1,000 establishments operate in tourism in the central province of Nghe An. However, their capacity is weak. What’s more, there is a shortage of human resources for the industry.
Vietnam has witnessed an influx of international hotel brands and hotel management companies in the last few years, according to property consultant Savills Vietnam.
Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2018 which is taking place in Singapore from April 24-27.
Average hotel occupancy rate in Ho Chi Minh City reached 74 percent in the first quarter, increasing by 6 percentage points from the same period last year.
The Destination Mekong and the Mekong Business Initiative on February 7 announced their 2018 Mekong Innovative Startups in Tourism (MIST) business support programmes are now open for applications.
Regent Residences Phu Quoc will be the first six-star resort in Phu Quoc Island and will be completed by 2020, according to the project’s developer BIM Group.
Vietnamese enterprises have reaped successes in Laos thanks to sound business opportunities, market scale and operation quality in the neighbouring country.
The two-day 4th International Conference on Finance and Economics which opened on September 21 in Ho Chi Minh City is focusing on innovation and sustainable entrepreneurship.
The Hotel and Tourism Management Institute Switzerland (HTMi) will send teachers and transfer education programmes to the Da Nang-based Dong A University as part of their recent cooperation deal.
Seaside resort real estate has become a hotspot for investors in the recent two years in the central city of Da Nang, said the property service group CBRE Vietnam on August 9.
Locals being granted permission to gamble at domestic casinos has given Vietnam’s growing hospitality industry an added boost, according to JLL experts.
Hospitality and hotel investment in Asia Pacific for the first half of 2017 hit 2.9 billion USD, with investors zoomed in on key gateway cities in Vietnam like Danang-Hoi An and Nha Trang-Cam Ranh.
The tourism and hospitality sectors are predicted to develop rapidly and attract plenty of investment, based on their strong growth in recent years, according to experts.
Route Inn Group from Japan has launched its first ever four-star hotel project – the Grandvrio Da Nang City – in the central city, marking its first appearance in Vietnam’s hospitality market, and the start of a plan to develop a chain of 50 hotels in the country.
Alternaty, a leading real estate consulting firm in Indochina, merged into Savills Vietnam, the largest property company in Vietnam, under a deal inked in Ho Chi Minh City on March 28.
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