Tourism & Hospitality Industry (70% total revenue comes from hospitality) has experienced substantial growth in recent years. Especially in 2017, the growth reached 18.4% due to the rise of 30% foreign visitors.
Although there are few existing large players acquiring 5 star hotels & resorts for consolidation, there will be abundant opportunities in the mid-market hotels.
By 2020, Vietnam is looking to host 20 million international visitors. The tourism industry is envisaged to create 3.5 million jobs in the tourism sector, generating a total revenue of USD 35 billion which will account for approximately 10% of Vietnam’s GDP. By 2030, total tourism revenue is expected to double that of 2020. In 2018, acquisitions growth will continue to rise.
Some of our clients are looking for 3-4 star Hotels for sale in Ho Chi Minh, please contact with hotel details for further discussion.
Email: cs@vhrpro.com.
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