On the serviced apartment market, occupancy of 81 per cent rose by four percentage points quarter on quarter and 12 percentage points year on year. That has nearly reached the pre-COVID (or the quarter of 2019) figure at 82 per cent.
The resumption of international flights and the borders reopening in March will not only benefit Viet Nam’s hospitality sector but also drive demand for serviced apartments, according to Savills Viet Nam.
