For the first time, an international brand hotel has been opened in Ha Dong district, marking a further step in the movement of commercial real estates towards the West of Hanoi.
The digital evolution has made a significant impact on the hospitality industry with hotels spending more on digital marketing as well as other digital tools to adapt to the ever-changing demand.
In reality, figures show that the growth of domestic tourists is the answer for seaside tourism real estate market in the future, according to Michael Piro, Chief Operating Officer of Indochina Capital Corporation.
The trend of applying mobile application for guests personalisation and online check in/check out is a factor that will soon take over the hotel industry and change Vietnam's hotel market, according to global accounting and consulting firm Grant Thornton.
Besides suffering losses in its hotel business over the years, Muong Thanh Hospitality also has to deal with several legal issues, mainly from the construction of high-end apartments.
Vietnam has been witnessing a strong growth of international hotels brands and foreign hospitality management companies in recent years, increasing from 30 world's leading brands in 2010 to a total of 79 by the end of last year and an anticipated uptrend for the time being.
Investors expect that the pioneering hotel brand bringing a vibrant approach to affordable luxury in Vietnam, will redefine the traditional hospitality norms.
After a fruitful year with the booming of the hotel and office sectors, Vietnam's real estate market is expected to be more robust with the presence of integrated resorts.
The Reverie Saigon, a two-year-old hotel renowned for its opulent Italian aesthetics, its marble, silks, and spa, has been called out as the fourth Best Hotel in the World by Condé Nast Traveler in its annual Readers’ Choice Awards.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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