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