Although the second outbreak in August 2020 has partly dampened hopes of a summer tourism recovery, CBRE said the long-term outlook for the tourism industry remains very bleak, I believe that’s a good story.
in August when there was another epidemic. Commercial real estate investment and services CBRE has just released a report on Vietnam’s tourism and hotel industry.
Despite the complicated epidemic, CBRE highly appreciates the recovery of Vietnam’s tourism and hospitality industry. This is mainly due to major infrastructure improvements and favorable government policies. government development Especially the policy of making tourism a spearhead industry in the economy.
In the past three months, Vietnam has successfully controlled the epidemic situation. There are no infections in the community, no deaths, and most economic activity has recovered
Domestic flights have resumed and more flights to domestic destinations. Airlines also combine promotions, ticket discounts or hotel systems with room combos.
Due to the border closure to prevent the spread of the virus. Therefore, tourists cannot travel abroad. This makes domestic destinations the top choice and increasingly attractive.
CBRE comments that private car trips to places like Sapa, Ha Long, Vung Tau, Phan Thiet and Da Lat increase significantly during the summer.
With the number of global infections reaching nearly 60 million and the epidemic situation in the US and Europe, the situation is still complicated. Vietnam is considered “A virus-free oasis in a virus-stricken world.” Public confidence in government quarantine measures is reflected in the bustling atmosphere of tourist attractions across the country.
Vietnam’s tourism and hotel industry is led by a chain of 5 luxury brands led by Vinpearl. CBRE estimates that the average level of competition in the industry is low and that changing consumer behaviors, tastes and emotions create opportunities for new brands to enter the market.
CBRE said a number of companies and investment funds are looking for properties to sell under the pressure of debt and losses. Most of Vietnam sells low-end hotels at lower prices. The 4-5 star hotel system has not yet recorded the acquisition.
Worldwide famous for disease control. Vietnam is a safe destination on the global tourist map. Vaccine against COVID-19 It is being researched and mass-produced in each country. In the near future, when the epidemic is under control, Vietnam’s tourism industry will have more opportunities for advancement.
Source: INN NEW YORK CITY