High-end hotels and resorts built along beach in Ninh Thuan province (Photo: VNA)According to a survey by Savills Vietnam,there are currently many projects in the process of restarting. In the past fewmonths, feasibility study consulting or hotel operator selection services havereceived many search requests. Among them, Da Nang stands out with theadvantage of connectivity infrastructure and diversity of tourism products andaccommodations, and is expected to continue to lead the recovery process.
Destinations that are familiar to domestictourists such as Quy Nhon or Phu Yen also have more and more projects beingplanned. These localities are also focusing on developing transportationinfrastructure and high-end accommodation products to attract more foreignvisitors.
The trend of wellness resorts integratedwith models such as onsen (hot springs and the bathing facilities andtraditional inns around them) or medical tourism is increasingly beingdeveloped by investors.
In addition, the luxury segment continuesto receive huge attention from investors. The luxury – high-end hotel marketin Ho Chi Minh City is expected to maintain a competitive advantage in the nextfew years because new supply is still limited. However, according to experts, thecity still needs to diversify the types of accommodation products to meet theneeds.
As for hotels and service apartments, theHanoi market has also recorded an increase in the number of projects in theplanning process. In addition, the middle- and high-end hotel segments havealso reported good growth rates in locations adjacent to industrial parks.
Currently, with positive signs from themarket, merger and acquisition (M&A) activities are increasing as well. Inaddition to operating projects with stable cash flows, a number of previouslydelayed or unfinished projects are also in the process of being transferred tonew investors./.
VNA
