Vietnamese Outbound Travel Rises Sharply

• Vietnamese travelers are said to be opting for outbound tours due to the significant increase in the price of domestic flights as the holiday season approaches, according to travel agents and tour operators.
• The South China Morning Post said hotel room rates in Hong Kong are surging ahead of the Labour Day holiday.
• The number of visitor arrivals to Macau in March rose by 271.4% year over year to 1,956,867, according to the Statistics and Census Service.

STR pipeline data for March 2023 showed 476,993 rooms In Construction in the Asia Pacific region, down -0.8% year over year. Rooms in Final Planning were down -29.6% to 105,435, while those in Planning were up 1.9% to 322,507. Total Rooms Under Contract were down -4.4% to 904,935. STR said China has the most rooms in […]