There is great potential for resort real estate in Vietnam as the country saw the largest increase in international arrivals in Southeast Asia between 2009 and 2019 at 16.9 per cent a year.

The hotel market in Viet Nam is expected to grow by US$2.12 billion during 2021-2026, progressing at a compound annual growth rate (CAGR) of 14.43 percent in the forecast period.

A number of upscale hotel brands have come to Vietnam in anticipation of a tourism boom in the future.

Since the fourth wave of Covid infections, while other tourist spots have been busy, hotels in HCMC are still seeing a lackluster response, almost six months after the city reopened.

Going digital, using staff for multiple tasks, and opening new businesses, hotels have been struggling to survive the second year of the pandemic.

Many resources in society have been mobilized for testing, vaccination and medical quarantine, which has improved service quality and helped businesses earn revenue.

After Covid-19, a number of hotels owned by private investors may be sold off to cut losses in the worst-case scenario, affecting the tourism environment at tourist destinations and slowing the recovery of the tourism sector,

Seventy-one percent of enterprises in the hospitality industry responding to a recent survey said their revenue in the first quarter of 2020 fell more than 30 percent against the same period last year because of the COVID-19 pandemic.

 VietNamNet Bridge – The online hotel booking service is becoming a lucrative business for investors in the hospitality industry in Viet Nam.