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More than a year into the pandemic, what’s your assessment of Covid-19’s impact on travel and tourism? Renyung Ho of Banyan Tree (RH) Although international travel borders remain mostly closed, we have seen encouraging upward trends in hotel occupancies for domestic travel, which will continue to be a key segment of growth. At the same time, amidst the measured recovery, we see pent-up demand for international travel as borders aim to gradually re-open at a cautious pace. We firmly believe that opportunities exist even in this time. With an increasing shift towards purposeful tourism centred on green choices, personal growth and wellbeing, brand offerings must now fulfil people s desire to live better. ....
Foreign investment continues to flow into hospitality market 11:17 | 15/03/2021 The hospitality industry has struggled in the past year, but despite the challenges, foreign investors are still debuting new properties in Vietnam. VIRâs Hoang Anh sat down with Michael Piro, Indochina Capitalâs COO and Wink Hotelsâ CEO, to discuss the brandâs soon-to-open first property and why foreign investors are still bullish on Vietnamâs hospitality market. Can you assess the potential of Vietnamese tourism in 2021 compared to neighbouring countries? Michael Piro, Indochina Capitalâs COO and Wink Hotelsâ CEO Vietnam has been exceptional with its approach to COVID-19, which recently ranked second worldwide by Australian think tank Lowy Institute. Not only does this highlight the countryâs competence on a global level, but it also allowed the domestic market to travel relatively unhindered, which puts us i ....
New policy mobilising land for cityâs development 08:00 | 11/03/2021 Ho Chi Minh City is planning to apply new policies to mobilise land along key infrastructure system to quench the thirst for urban development. Despite the new policy potentially creating a clear land fund for the market, it would also need to be implemented very carefully to avoid negative social impacts. Ho Chi Minh Cityâs metro system will hope to ease traffic congestion for the cityâs nine million people On the sidelines of the Hanoi Expressway linking Ho Chi Minh Cityâs centre and the east, a 500m road section was not cleared due to local residents not agreeing with the compensation â a bottleneck that has been existing for a long time without resolution. ....
Acquiring and building projects in satellite cities should not be considered a trend or a short-term opportunity but a long-term commitment to the local authorities and communities, so that developers can truly create sustainable environments and improving lives. ....
Wink Hotelsâ first hotel opening in Ho Chi Minh City 10:59 | 19/01/2021 Wink Hotels promises to disrupt the local hotel market by embracing smart technologies and a young vibe The 237-room Wink Hotel Saigon Centre is centrally located in District 1 and now scheduled for launch in March. Wink Hotels is Vietnamâs first homegrown, international-standard hotel group that directly appeals to a dynamic generation emerging throughout Indochina, aiming to cater to their fast-paced lifestyle and immersing them in each destination. The hotels differentiate themselves with contemporary ethos of chic and creative design, deep functionality, and traditional Vietnamese values. Winkâs strategic pillars include genuine and casual customer service and stellar guest experience. ....