Recapital Investments Pte., Ltd. – the investment fund owned by former president of Inter Milan FC – officially sold a majority stake in Ninh Van Bay Travel Real Estate JSC and withdrew from the Board of Directors.
After Phu Quoc Island, the beautiful coastal city of Danang and Sheraton Grand Danang have been chosen by a super-rich Indian couple to host a magnificent wedding.
Novaland Group has just received $20 million from Deutsche Investitions - Und Entwicklungsgesellscheft Mbh (DEG) - Reconstruction Bank to develop its Azerai Can Tho Resort and consulting service in other issues.
Targeted destinations for the company include key economic hubs like Ho Chi Minh City, Hanoi and Haiphong, as well as high-growth areas like Danang, Phu Quoc, Nha Trang, Cam Ranh and Hoi An.
OYO Hotels & Homes, a chain of leased and franchised hotels, homes and living spaces, opened to business in Vietnam on July 2. In the past three months Oyo has opened 90 hotels with 1,500 rooms in six cities in Vietnam.
Significant pipelines of hotels under construction across major destinations will present new options to tourists, while posing competition concerns to existing hotels.
There are more hotels in the south-central province of Khanh Hoa than needed, leading Chinese travel agencies to demand steep hotel room tariff cuts and the elimination of deposits for hotel bookings.