Vietnam Hotels Struggle Amid Recession and Tourism Slump

• Vietnam hotels face challenges: Recession and sluggish tourism lead to hotel sales and closures.
• High demand in Fiji tourism: Shortage of 4,000 hotel rooms, increased spending.
• New hotel developments in Asia: 25hour hotel in Jakarta, Lanson Place in the Philippines, Hilton Garden Inn in Islamabad.

Dow Jones carried a story on Vietnam hotels, another one discussing the less-than-stellar situations that are causing an avalanche of properties to be listed for sale. The article started with a commentary on a wave of HCM City hotels being put up for sale at deep discounts amid the ongoing recession and sluggish tourism market. The article described […]