Much of the recovery of the hospitality market in Southeast Asia will depend on the opening of China, and Viet Nam is no exception, according to Savills Hotels Asia Pacific.
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.