The Vietnamese hospitality market has become a hot destination for investors. Experts discussed about the potential of the market, foreign investment flows and how to develop it.
The rapid growth of tourism has become a magnet for tourism property in Da Nang City, and revenue from the industry contributed nearly 30 per cent of the tourism hub’s GRDP in 2017.
Viet Nam has witnessed an influx of international hotel brands and hotel management companies in the last few years, according to property consultant Savills Vietnam.
The Vietnamese property market is entering 2016 after witnessing
recoveries of firms in 2015, driven by macroeconomic improvements and
policies of openness.
The Japanese population offers a reliable source of current and future
demand for short- and long-term accommodations, with growing interest
among Japanese companies to open units in Viet Nam.