Global startups are using their technology and experience to transform Vietnam's budget hotel market.
Five-star hotels outperformed their four-star counterparts across several criteria as shown by the latest survey by Grant Thornton Vietnam on the local upscale lodging industry.
FDI has set a record number of newly registered volume in Hanoi by the end of 2018, promising a potential demand source for corporate clients in Hanoi hotel market, according to a CBRE report.
Significant pipelines of hotels under construction across major destinations will present new options to tourists, while posing competition concerns to existing hotels.
Domestic hoteliers are increasingly snapping up properties from international hotel chains.