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Update news vietnam's hotel market
The hotel market is experiencing impressive growth with significant Revenue Per Available Room improvements, according to hospitality advisory and investment Savills Hotels.
The Vietnam National Administration of Tourism (VNAT) will inspect accommodation services at star-rated hotels in some localities from June to October this year.
A year after reopening to international tourism, Hanoi’s tourism and hospitality industry is posting solid growth.
Although peak tourist season (summer) is coming, many hotels in Da Nang, the largest city in central Vietnam, are still closed. Since the outbreak of the Covid-19 pandemic, many hotels have been closed for nearly 3 years.
Many 5-star hotels in Vietnam are offering some of the most competitive prices in the region. But because of the pandemic, the number of foreign travelers has decreased sharply.
Hotel supply in Vietnam is forecast to increase in the coming time.