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Update news vietnam's hotel industry
Hanoi’s tourism sector continues to grow, but expanding hotel supply, particularly in the high-end segment, is prompting businesses to seek new sources of demand and encourage longer stays to improve operational efficiency.
The foreign investment wave is expected to create demand in the hotel sector and help hoteliers earn big money.
Currently, there are about ten interested investors negotiating the price, offering US$250 million.
Despite improvement in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels, according to real estate service provider Savills Vietnam.