Low or no occupancy at all are leaving many hospitality businesses in Vietnam on the verge of bankruptcy. However, this situation provides significant merger and acquisition (M&A) opportunities.
Category Archives: Industry News
HCM City serves 2.65 million foreign visitors in 10 months
Ho Chi Minh City welcomed 546,000 international visitors in October this year, lifting the total number of foreign arrivals to the city in the last 10 months to 2.65 million, according to the municipal Department of Tourism.
Hotel occupancy, room rates rebound from COVID
The global hotel and resort sector is recovering well from the COVID-19 pandemic with improvements on occupancy and room rates, and Việt Nam is no exception, Mauro Gasparotti, director of Savills Hotels Asia Pacific, said.
Marriott International Signs Agreement to Bring The Ritz- Carlton to Australia’s Gold Coast
Marriott International, Inc., today announced the signing of an agreement with Australian property developers Pelligra Group and Giannarelli Group to bring Australia’s third Ritz-Carlton hotel to the Gold Coast by 2026.
Why do so many foreigners decide to make Việt Nam their home?
Despite the average Vietnamese salary being around VNĐ5,200,000 (US$220), in jobs like teaching where most expats are employed, wages start at around VNDD30,000,000 ($1,300) a month.
Vietnam to have digital map of relic sites, tourist attractions
All relic sites and tourist attractions in Vietnam will be included in a digital map, according to the Ministry of Culture, Sport and Tourism (MCST).
Australia’s Escape: Vietnam delivers Asia’s best value
Australia’s tourism newswire Escape has recently published an article hailing Vietnam as an ideal budget destination for Australian tourists
Miss Thu Restaurant Opens in Fusion Original Saigon Centre
Inspired by the representation of the Vietnamese women with a sophisticated characteristic intertwining between traditional values and a cosmopolitan mindset. An enticing menu and a dashing design to match that disposition, the new Miss Thu restaurant at Fusion Original Saigon Centre is the city’s newest dining destination with a story to tell.
Vietnam wins many prestigious tourism awards
(VietnamPlus) Vietnam has won a number of prestigious awards in the tourism sector this year. Several cities in Vietnam were honoured in various categories at the 2022 World Travel Awards for the Asia region which was held recently in Ho Chi Minh City. Hanoi – the capital city, was “Asia’s leading city break destination” while DaContinue reading “Vietnam wins many prestigious tourism awards”
Vietnam among most searched tourist destinations on Google by Australians
Vietnam ranks fourth in the list of most Googled tourist destinations by Australians over the past 20 years, according to Google. Japan took the lead in the ranking, followed by New Zealand and Thailand.
Australian Hospitality Alumni Network Vietnam 