Savills experts called villas and condotels a good investment channel, and advised investors to pay more attention to project quality. The segment’s recovery will depend on tourism growth, especially international tourism.
Statistics show that in the first two months of this year, Vietnam welcomed 1.8 million international arrivals, down 40% year-on-year, mainly from the Republic of Korea and the US.
Korean and domestic tourists have contributed to the recovery of coastal resorts in the central city of Da Nang, with their room occupancy exceeding 50%. Room occupancy of hotels in Ho Chi Minh City has also been recovering to pre-pandemic levels.
Experts said that many countries reopening their borders and removing all restrictions for travelers have boosted outbound tours, enabling resort real estate to reboot this year./.
