What Covid? Vietnam to open 123 new hotels in the coming years

The spectacular Empire City Hotel in Ho Chi Minh CIty will be a new landmark

The Covid-19 pandemic, which is currently raging across Southeast Asia and has crippled the international tourism industry to an enormous extent, is no reason for global hoteliers to adapt their expansion plans for Vietnam as they keep banking on the country’s future potential.

They seem to look quite optimistic into the future with no less than 123 hotel projects and 51,515 rooms in the pipeline up to 2024 and beyond, according to a report by hospitality news portal Tophotel News.

In 2021 alone, 32 new hotels with 11,993 rooms will be opened, of which ten properties are already in the pre-opening phase. A further 27 properties with 18,303 rooms are due for completion in 2022, while 26 hotels with 6,859 rooms have been earmarked for 2023. Further 38 projects with 14,360 rooms are already on the books for 2024 and later, the report says.

Of the new hotels, 74 will be in the four-star category, while the remaining 49 will be in the five-star segment

Most new openings in Ho Chi Minh City

Ho Chi Minh City, southern Vietnam’s business hub, will see the most growth among urban markets, with 17 new hotels and 5,064 additional rooms on their way. But the beach town of Nha Trang takes the lead in terms of room count, with 5,304 extra rooms split across just ten properties.

Danang and the capital Hanoi will get ten new hotels each, albeit with just 2,800 and 2,364 rooms, respectively. Finally, seven projects with 5,618 rooms are planned for Phan Thiet, an emerging seaside destination in southeastern Vietnam.

Mövenpick and Avani are the leading brands in the opening frenzy

In terms of branding, France-based Accor’s Mövenpick Hotels & Resorts brand is leading the opening with nine properties with 2,442 rooms to open in the coming years. Thailand’s Minor Hotels’ Avani brand will open four projects with 1,578 rooms.

Other brands optimistic about Vietnam’s hospitality market are US-based Empire Hotels Group with its portfolio of Marriott, Hilton, Hyatt, Best Western, Choice Hotels and Wyndham brands, Hong Kong’s Rosewood brand and LUX* from Mauritius.



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The spectacular Empire City Hotel in Ho Chi Minh CIty will be a new landmark The Covid-19 pandemic, which is currently raging across Southeast Asia and has crippled the international tourism industry to an enormous extent, is no reason for global hoteliers to adapt their expansion plans for Vietnam as they keep banking on the country's future potential. They seem to look quite optimistic into the future with no less than 123 hotel projects and 51,515 rooms in the pipeline up to 2024 and beyond, according to a report by hospitality news portal Tophotel News. In 2021 alone, 32 new...

The spectacular Empire City Hotel in Ho Chi Minh CIty will be a new landmark

The Covid-19 pandemic, which is currently raging across Southeast Asia and has crippled the international tourism industry to an enormous extent, is no reason for global hoteliers to adapt their expansion plans for Vietnam as they keep banking on the country’s future potential.

They seem to look quite optimistic into the future with no less than 123 hotel projects and 51,515 rooms in the pipeline up to 2024 and beyond, according to a report by hospitality news portal Tophotel News.

In 2021 alone, 32 new hotels with 11,993 rooms will be opened, of which ten properties are already in the pre-opening phase. A further 27 properties with 18,303 rooms are due for completion in 2022, while 26 hotels with 6,859 rooms have been earmarked for 2023. Further 38 projects with 14,360 rooms are already on the books for 2024 and later, the report says.

Of the new hotels, 74 will be in the four-star category, while the remaining 49 will be in the five-star segment

Most new openings in Ho Chi Minh City

Ho Chi Minh City, southern Vietnam’s business hub, will see the most growth among urban markets, with 17 new hotels and 5,064 additional rooms on their way. But the beach town of Nha Trang takes the lead in terms of room count, with 5,304 extra rooms split across just ten properties.

Danang and the capital Hanoi will get ten new hotels each, albeit with just 2,800 and 2,364 rooms, respectively. Finally, seven projects with 5,618 rooms are planned for Phan Thiet, an emerging seaside destination in southeastern Vietnam.

Mövenpick and Avani are the leading brands in the opening frenzy

In terms of branding, France-based Accor’s Mövenpick Hotels & Resorts brand is leading the opening with nine properties with 2,442 rooms to open in the coming years. Thailand’s Minor Hotels’ Avani brand will open four projects with 1,578 rooms.

Other brands optimistic about Vietnam’s hospitality market are US-based Empire Hotels Group with its portfolio of Marriott, Hilton, Hyatt, Best Western, Choice Hotels and Wyndham brands, Hong Kong’s Rosewood brand and LUX* from Mauritius.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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