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Energy giant to sell Victoria Sapa hotel to pay bond debts

BB Sunrise Power plans to sell its Victoria Sapa Hotel for VND210 billion to pay bond debts.

Oversupply of hotels and resorts persists on the coast

The increase in supply of resort real estate in the next three years is estimated to be 20% per year, but demand may not recover in time.

Tourism booms, investors rush to build luxury hotels

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

Hotel market remains gloomy

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.

Many hotels in HCMC increase room capacity

Many hotel owners in Ho Chi Minh City yesterday said that the number of booked hotel rooms has increased from 10 percent to 20 percent.

Big hoteliers still flock to Vietnam despite Covid-19

Five-star hotel brands are ready to receive travelers back to the country with the strong belief that the tourism industry is coming back to life.

Nha Trang and Danang hotel owners sell up

Many hotels have been put on sale in Nha Trang and Danang cities due to losses caused by the Covid-19 pandemic.

Unable to cover expenses during Covid-19, owners sell hotels at cheap prices

Many offers to sell coastal hotels in Da Nang have appeared on real estate forums these days. Most of them are located in districts Son Tra and Ngu Hanh Son.

Hotel owners sell out to stave off bankruptcy

Fusion Suites Saigon on Suong Nguyet Anh Street in District 1, HCMC, is being listed for sale at VND1,165 billion (US$50 million).

Hanoi Old Quarter hotels up for sale due to Covid-19

Many hotels in Hanoi’s Old Quarter area are for sale due to big losses resulting from the Covid-19 pandemic.

Owners of Metropole Hanoi proposed for hotel operation extension to 70 years

The Hanoi People’s Committee has just proposed the government to extend the operational duration of boutique hotel Metropole Hanoi to 70 years, surpassing the framework of current regulations.

Sun Group opens the first five-star hotel in Sapa

VietNamNet Bridge – One of Vietnam’s largest estate developer Sun Group has launched the first five-star hotel named Hotel de la Coupole - MGallery by Sofitel in Sa Pa, a mountainous realm of awe-inspiring beauty of Vietnam.

Hotels face serious labor shortage

Hotels have launched recruitment campaigns for middle and senior managers, as well as for untrained workers.

Investors rush to build 5-hotels in anticipation of tourism boom

VietNamNet Bridge - The HCMC hotel market this year has welcomed many foreign brands, including Mandarin Oriental, Movenpick and Best Western Premier. 

Investment rate in VN hotel sector increases

HCMC is leading the country in the number of foreign travelers, amounting to 50 percent of the total to Vietnam. However, it lags behind other localities in the development of hotels. 

Real estate market warms up, contractors thrive

VietNamNet Bridge - The construction industry is experiencing good days thanks to the warming up of the real estate market. 

HCMC lacks enough hotels to accommodate tourism boom

VietNamNet Bridge - The demand for hotels in HCMC has been increasing rapidly, prompting investors to pour capital into hotel projects. However, it is difficult to find advantageous land plots to develop hotels.

Investors rush to pour money into hotels

VietNamNet Bridge - The increasing number of travelers and government policies to boost tourism development have prompted investors to build hotels.

High-end hotels see drop in occupancy rate as 2-, 3-star hotel supply increases

VietNamNet Bridge - While the number of travelers to Vietnam has been increasing rapidly, the number of guests staying at high-end hotels has not risen.

Central Group targets pouring more money into Vietnam

The Central Group from Thailand has poured money into supermarkets, home appliance distribution chains, hotels, fashion shops, export and wholesale, and is developing 160 shops/supermarkets.