Dusit Aims to Double Portfolio to 100 Hotels by 2025

• HCMC’s hospitality market remained gloomy in H1 2023 due to slow international tourist arrivals.
• Ascott Limited is refreshing its hotel-in-residence model, catering to varying lengths of stays with hotel services and amenities.
• Dusit International expands in Japan with Dusit Thani Kyoto and plans massive expansion in China and India.

VN Express said the hospitality market in Ho Chi Minh City remained gloomy in the first half of the year due to a slow recovery rate of international tourist arrivals. According to Savills Vietnam, the hotel occupancy rates in the first half of 2023 stood at 64%, 92% of pre-pandemic levels. HCMC welcomed 18 million visitors. In the second quarter, occupancy […]