Luxury hotel segment sees sharp expansion
MarketWith 50 five-star hotels and 68 four-star hotels being built last year, the luxury segment now has 466 hotels with 97,098 rooms, according to a report released by the Vietnam National Administration of Tourism.
Former president of Inter Milan withdraws from Ninh Van Bay
InvestmentRecapital 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.
BRG Group’s Sheraton Grand Danang – top destination for the super-rich
ProjectsAfter 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.
Sheraton Grand Danang Resort
ProjectsLet the Suite of Sheraton Grand Danang Resort elevate your beachfront escape to a whole new level of comfort and opulence with the Unlock Epic Stays offer.
Novaland receives $20 million from DEG to develop Novaland Azerai Can Tho resort
ProjectsNovaland 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.
Thailand’s Centara plans 20 new hotels in Vietnam next five years
InvestmentTargeted 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.
India’s OYO Hotels opened in Vietnam with US$50 million investment
MarketOYO 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.
Ho Chi Minh City hotel market is set for a big 3-year leap
MarketSignificant pipelines of hotels under construction across major destinations will present new options to tourists, while posing competition concerns to existing hotels.
Khanh Hoa hotels face price cut pressure from oversupply
MarketThere 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.
