Enduring partnerships and in-market experts bring sustainable growth and new brands to Vietnam, IHG's key South East Asia market.
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.
On January 5, 2021, Danh Khoi Group introduced its new brand identity and comprehensive development strategy to all partners and shareholders, marking a turning point after 15 years of development.
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.
The venture aims to establish an initial forecast portfolio of approximately $350 million and focuses on Ho Chi Minh City, Hanoi and Danang.
Though it has been a difficult year so far, effective Covid-19 containment and the recently ratified EU Vietnam Free Trade Agreement (EVFTA) has bolstered global industrial investor confidence in Vietnam. The property segment most resilient to Covid-19 has further significant growth potential.
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.
Alma, a 196-pavilion and 384-suite resort that commands 74 acres of beachfront, 14 sublime food and beverage outlets and a cascade of 12 beachfront swimming pools, will reopen in Vietnam’s new “it” destination on May 31 in the wake of Covid-19.
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.
