Articles tagged “vietnam”

Marriott International announced the opening of three premium brand hotels in Vietnam’s leisure destinations: Nha Trang Marriott Resort & Spa, Hon Tre Island, Danang Marriott Resort & Spa, Non Nuoc Beach Villas, and Renaissance Hoi An Resort & Spa.

India would need continued investment in infrastructure and air connectivity to make the country an appealing destination for both leisure and business travelers.

According to information from the General Statistics Office, the number of foreign tourists to Vietnam in the first nine months of 2023 reached 8.9 million, a 4.7-fold year-on-year increase.

Vietnam’s condotel market remains sluggish with excess inventory, unlikely to recover before 2025.

Vietnam’s international visitor numbers reached 70% of their 2023 projection but remained below expectations due to fierce competition and an economic recession. Domestic tourism in Vietnam is also experiencing a decline.

Vietnam hotels face challenges as recession and sluggish tourism lead to hotel sales and closures in Ho Chi Minh City and across the country.

The U.S. and Canada's hotel industries each made significant progress in their recoveries from the pandemic. We also feature other major news in hotel deals and development across the world.

Hotels in Vietnam, particularly in Ho Chi Minh City, are experiencing closures and are being listed for sale due to lower-than-expected visitors, revenue, and the need for capital expenditure.

Foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts.

Vietnamese travelers are said to be opting for outbound tours due to the significant increase in the price of domestic flights as the holiday season approaches, according to travel agents and tour operators.