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Update news 5-star hotels
Many hotels have not reopened to welcome guests, though Vietnam reopened the market to foreign investors on March 15.
VietNamNet Bridge - Da Nang City and Hoi An, the two most famous destinations for tourists in the central region, are full of hotels and resorts, leading to cutthroat competition.
VietNamNet Bridge - Hanoi is expected to have 20,000 rooms in the next five years and 20 luxury hotels located in advantageous positions in the city.
VietNamNet Bridge - Sofitel Plaza Hanoi and Duxton Saigon have been transferred to new owners at a time when many new hotel brands have opened in Hanoi and HCMC.
VietNamNet Bridge – Vietnam’s golden age of 5-star hotels, in 2007-2008, is over. However, the business sector is still deserving of investment.
Market survey firms, which believe that more and more high income tourists would come to Hanoi, have all predicted that more 5-star hotels would be available in the city by 2015.