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Luxstay raises $6 million in fresh funds to take on Airbnb

Local rental market platform Luxstay has successfully secured additional $6 million in venture capital funding via the Shark Tank Vietnam progamme this week, gearing itself up to compete with international rivals like Airbnb.

New hotel supply to ease room shortage in Hanoi and Ho Chi Minh CIty

Hotel pipeline in Hanoi and Ho Chi Minh City is expected to accelerate in the next three years, helping ease supply shortage amid rising demand from international tourists, according to CBRE.

Booming condotel inventory puts hotel occupancy under pressure

The rapid growth of Airbnb and condotels is posing significant challenges to traditional hotel business in Vietnam.

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