Tuesday, May 30, 2023

Vietnam’s Booming Hotel Sector

  • The global hotel industry is seeing increased activity with notable transactions in Vietnam, Macau, Japan, Sri Lanka, the Philippines, Thailand, and India.
  • Key deals include Marriott International’s operation of seven hotels from Vinpearl in Vietnam, Accor’s new Novotel in Nara, Japan, and DoubleDragon’s launch of the largest hotel in Bonifacio Global City in the Philippines.
  • Several hotel brands are expanding their footprints, with Wyndham Hotels & Resorts signing two agreements with Fulcrum Ventures Asia and Marriott International’s Fairfield brand entering Agra, India.

Dow Jones published an article on how foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts. The article cited the Marriott International deal in April to operate seven hotels and resorts from Vinpearl, including three existing hotels in Nha Trang, Hoi An and Da Nang. In February Singapore’s Lodgis Hospitality […]