Savills Hotels, in partnership with WeHub, hosted a Meet The Experts event in Ho Chi Minh City on March 30. More than 40 speakers held lively discussions with international developers, hotel owners, and professionals while the industry's performance was reviewed and market prospects were discussed.
At Vietnam’s largest hospitality and real estate conference titled Meet the Experts 2022 on November 10, analysts and businesses exchanged crucial information and openly discussed the evolution of and barriers to the country’s real estate and hospitality markets.
The economic recovery and tourism reboot is providing attractive opportunities for hotel brands to increase their presence in new destinations.
Statistics of Savills Hotels show that the number of branded hotel and resort projects in Vietnam has had impressive growth, from 36 projects in 2010 to 120 at the end of January 2022. Room capacity accordingly also increased four times, reaching 32,000 rooms.
Social distancing measures being enforced during the current pandemic has significantly changed the way people interact, and thus created an unprecedented crisis for the hospitality sector across the globe. Due to financial constraints, hoteliers are looking to tie the knot with foreign suitors but an array of challenges, mostly in pricing gaps and different expectations, are presenting hurdles on the way.
Hospitality was among the first industries to be hit by the side effects of the pandemic and likely will take a while to fully recover. Mauro Gasparotti, director of Savills Hotels Asia-Pacific talked with Timeout’s Bich Ngoc on how this sector in general and the MICE business can recover after the pandemic.
Hit hardest by the COVID-19 pandemic, Vietnam’s tourism sector is likely to be one of the first to recover strongly after the pandemic is brought under control, according to an expert from Savills Vietnam.
Cash flow shortages could put several hospitality developers in Vietnam into financial pressure, forcing them to offer their projects for sale.
In light of the Cocobay Danang situation, in which contracts are not being honoured due to unrealistic expectations being placed on the condotel model, Mauro Gasparotti, director of Savills Hotels APAC, writes on his expectations of the condotel market in Vietnam, and what solutions could be found to ease the situation.
Last year was an excellent one for the Vietnamese real estate market with positive signs coming from all sectors, among which hospitality stands out by drawing enormous attention from international and local developers as well as investors. Mauro Gasparotti, director of Savills Hotels Asia-Pacific, shared his views on the market.
The hotel market has been growing quickly, with the number of projects developed by foreign investors and managed by foreign brands increasing from 30 in 2010 to 79 by the end of 2017.
Nha Trang City in south-central Vietnam is expected to see the opening of six more luxury hotels this year, according to the Vietnamese branch of a global real estate services provider.
Today, Vietnamese co-working space pioneer and leader Toong and Indochina Vanguard, a hospitality joint venture between Indochina Capital and Vanguard Hotels, announced a partnership to locate Toong co-working space facilities into newly created Wínk Hotels, the first of which is scheduled to open in Ho Chi Minh City in the fourth quarter of 2019.
A chain of three Liberty Central hotels has awarded in the list of Top Ten 4-star hotels in Ho Chi Minh City at the Ho Chi Minh City Tourism Fair 2016 late last month in the southern hub.
Wink Hotels is a new Vietnamese hospitality brand emerging in Indochina that takes a bold approach to affordable luxury in the region.