The Asia-Pacific tourism region is the hottest on the planet right now. As such, it boasts a number of countries with booming project pipelines, including Vietnam. In the past decade the country’s hospitality prospects have undergone a rejuvenation, largely fueled by an influx of foreign visitors.
In December, for example, Vietnam welcomed 1,276,353 arrivals, accouring to the country’s ministry of culture, sports and tourism. This represents an 8.9 percent increase over visitors in November, as well as a 42.2 percent increase over visitors during December of last year. In other words, business is booming for hospitality businesses in Vietnam.
With the outlook so rosy in the country, it’s important for savvy hotel owners and operators to stay up-to-date on Vietnam’s project pipeline. To that end, we’re taking a look today at some statistics from the TOPHOTELCONSTRUCTION database about upcoming projects in Vietnam. We’ll also be highlighting some of the ongoing hotel construction projects you need to know about.
According to the TOPHOTELCONSTRUCTION database, there are currently 92 projects underway in the country. Once completed, these projects will yield a total of 34,944 rooms, which constitutes a significant boost. In addition, 43 percent of upcoming projects in Vietnam are scheduled for completion in 2018.
What’s also important to note are the brands investing heaviest in the country. According to the TOPHOTELCONSTRUCTION database, Eastin and Movenpick Hotels & Resorts are tied for first with five projects each. Citadines Apart Hotel, meanwhile, has four projects currently in the pipeline.
Vietnam Hotel Projects
Wyndham Soleil Danang
The Wyndham Soleil Danang is scheduled for completion in the third quarter of 2018. Once finished, it will have a total of 779 rooms. Located in this coastal city’s Son Tra district, the hotel will be inside a 57-storey tower. At 199 meters, it will be the tallest building in Danang, and it will form a part of a four-tower complex that will also feature 3,200 apartments.
The Viceroy Da Nang is scheduled to be completed in 2020. Once finished, it will have 700 rooms, and it will stand as an iconic five star hotel. It will also be located at the heart of the up and coming Cocobay entertainment and hospitality hub. According to the TOPHOTELCONSTRUCTION database, this property will feature a stylish mix of luxury hotel rooms, suites and condos.
Of the projects on our list today, the Ocean Window Spa & Resort will be completed soonest. It’s projected opening is set for early this year. This project encompasses 678 rooms, and the hotel complex includes a high-rise building with a breathtaking sea view.