Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
Dr. Cheah Kuan Yean, General director of Becamex Hospitality, lecturer and coordinator of Hospitality Concentration in Eastern International University, Binh Duong, shares with TheLEADER his view on sustainable practices and what the hotels have done to achieve the mission on environment, social and governance (ESG).
Enduring partnerships and in-market experts bring sustainable growth and new brands to Vietnam, IHG's key South East Asia market.
Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation, has commenced contruction on an industrial property and a hotel in the northern port city of Hai Phong.
Leading global hotel group, Meliá Hotels International, is expanding its footprint in Vietnam with the announcement of a new resort, Meliá Quy Nhon Beach Resort, set to open on the country’s central coast in 2025.
Capital-raising and hotel sales highlight investor optimism for the sector’s recovery.
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The 237-room Wink Hotel Saigon Centre located at 75 Nguyen Binh Khiem, district 1, is scheduled to open in March 2021.
Amid travel restrictions and general public wariness around safety, staying in a hotel close to home – and in many cases, the same city – is on the rise from the U.S. to Britain and Vietnam.
The performance of hotel industry in the third quarter of 2020 will not see much improvement as Vietnam has faced a second wave of Covid-19 since late July, CBRE said.
A five-star hotel Dolce Hanoi Golden Lake Hotel, which claims to be the first property in the world clad in gold tiles, has opened.
A recent Ministry of Finance ruling is set to send ripples across Real Estate businesses, especially those with extensive asset portfolios. The International Financial Reporting Standards (IFRS) adoption roadmap commits to improved transparency and brings financial reporting in Vietnam closer to global standards.
Due to the new ban on international travelers and rising concerns domestically, hotel occupancy in the first three weeks of March dropped dramatically to a single digit in many destinations within Vietnam.
Vinpearl, one of the biggest hotel operators in the country, has decided to temporarily close seven hotels in Danang, Nha Trang and Phu Quoc.
After increasing charter capital to VND5,455 billion recently, Mirae Asset Securities Vietnam has become one of the largest securities companies in the country in term of the index.
