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Hotels put up for sale as Covid-19 knocks down investors

Hotels put up for sale as Covid-19 knocks down investors

Hotels are being sold in large numbers across the country as owners suffer big losses caused by the shortage of customers due to the latest wave of Covid-19.
Hotels continue to suffer Covid-19 impacts

Hotels continue to suffer Covid-19 impacts

Vietnam’s third Covid-19 outbreak last month has exacerbated the problems of low occupancy and plunging revenues for hotels and resorts nationwide.
December 12, 2020 | 08:00 am GMT+7
Quarantine services send HCMC hotel room rents soaring

Quarantine services send HCMC hotel room rents soaring

Average room rates at six designated quarantine hotels in HCMC are between 15-80 percent higher than the market average of $54.
October 28, 2020 | 06:15 pm GMT+7
Vinpearl loss triples as pandemic hits tourism

Vinpearl loss triples as pandemic hits tourism

Vinpearl Jsc, the hospitality and entertainment arm of conglomerate Vingroup, saw first-half losses triple year-on-year due to the impacts of the coronavirus pandemic.
September 14, 2020 | 12:03 pm GMT+7
No hotels, resorts sold in Vietnam amid pandemic

No hotels, resorts sold in Vietnam amid pandemic

There were no mergers and acquisitions in the hospitality industry in the first half of the year as uncertainty caused by the Covid-19 outbreak gripped it.
August 31, 2020 | 08:16 am GMT+7
World's first ‘gold-plated’ hotel to open in Hanoi

World's first ‘gold-plated’ hotel to open in Hanoi

A new capital hotel has covered its facade, as well as other amenities, in real gold to reel in glitzy lodgers.
June 24, 2020 | 07:50 pm GMT+7
117 hotels offer to be Covid-19 quarantine camps

117 hotels offer to be Covid-19 quarantine camps

Many hotels, resorts and other lodging establishments have agreed to act as quarantine areas for suspected Covid-19 patients, the Vietnam National Administration of Tourism said.
March 19, 2020 | 11:35 am GMT+7
Coronavirus outbreak hurt tourism, hospitality

Coronavirus outbreak hurt tourism, hospitality

Vietnamese tour companies and hotels are concerned revenues could slip as the new coronavirus slashes the number of Chinese tourists.
February 05, 2020 | 10:59 am GMT+7
Worker shortage threatens Phu Quoc island tourism

Worker shortage threatens Phu Quoc island tourism

Phu Quoc island is struggling to find enough hospitality workers as training fails to keep pace with Vietnam’s explosive tourism growth.
December 07, 2019 | 04:30 pm GMT+7
Da Nang resorts encroach on public beaches, says official

Da Nang resorts encroach on public beaches, says official

14 resorts have villas, swimming pools and restaurants encroaching on public beaches in Da Nang, a city official said on Monday.
July 23, 2019 | 11:55 am GMT+7
Indian hotel giant OYO eyes $50 mln investment in Vietnam

Indian hotel giant OYO eyes $50 mln investment in Vietnam

India’s largest hospitality company OYO plans to invest $50 million in Vietnam, looking to benefit from the country’s tourism boom.
July 03, 2019 | 02:35 pm GMT+7
Sa Pa hotels hit by severe water shortage

Sa Pa hotels hit by severe water shortage

Hospitality businesses in the drought-hit mountain resort town of Sa Pa are struggling to find enough water.
April 24, 2019 | 09:03 pm GMT+7
Con Dao Islands resorts, hotels struggle to recruit staff

Con Dao Islands resorts, hotels struggle to recruit staff

Con Dao Islands businesses are unable to hire staff despite flourishing tourism, with people preferring to work on the mainland.
February 18, 2019 | 08:00 am GMT+7
Hanoi’s Old Quarter hotel catches fire, guests unharmed

Hanoi’s Old Quarter hotel catches fire, guests unharmed

A fire in Hanoi’s Old Quarter Thursday morning had foreign guests flee in panic, but no one was harmed.
November 22, 2018 | 09:59 am GMT+7
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