Viet Nam Hospitality & Real Estate Market Embrace Challenges to Navigate Uncertainty
"The Meet The Experts conference with the theme “Market Re-energizing” successfully took place on 1 November 2023"
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"The Meet The Experts conference with the theme “Market Re-energizing” successfully took place on 1 November 2023"
"Tourism improvements will boost hotel performance, resulting in increased occupancy and rates."
"The tourism industry will eventually become active again with the return of both domestic and foreign tourists. "
"Japan’s hospitality industry has experienced encouraging recovery as domestic tourism approaches pre-pandemic levels. Japan is also expected to open its borders more to inbound tourists to capitalise on the weak yen and stabilise the trade balance. With the attention that the sector is generating, now might be the last chance to acquire assets for investors with capital and conviction for the sector."
"While domestic tourism has seen some recovery, times are tough for the hotel industry, with increasing bankruptcies and delayed recovery due to new variants. However, opportunistic investors still see this as a chance to enter or expand into the Japanese hotel market."
"As more people get vaccinated, the return of travel demand is on the cards. Even so, considering the technical complexities in restarting global travel, and the uncertainties it brings, the path to normalcy is expected to be eventful. Nonetheless, this presents a great opportunity for well-prepared market participants."
"The current difficult circumstances serve as a strong catalyst for the emergence of new trends and distressed opportunities. There are numerous keen investors on the lookout for such distressed assets, and therefore opportunities are unlikely to be as abundant as one might hope."
"There is some hope for domestic tourism with increased funding from the “Go To” Travel campaign and extra savings from self-quarantine. Increasing bankruptcy fi gures and a substantially lower supply pipeline should prove favourable for operators who can weather the storm. "
"Vietnam continues to position tourism as a key development strategy, the hospitality sector will receive further government support and increasingly robust interest and investment activities across the country"