The Hanoi Times - Latest figures by the Vietnam National Tourism Administration showed that the number of foreign tourists to Vietnam increased by 2.7 percent in the first nine months this year.
Foreign direct investment (FDI) capital into local tourism and hotel projects reached USD4.57 billion over the past nine months.
Mauro Gasparotti, Manager, Valuation and Advisory, CB Richard Ellis Vietnam said that in spite of impacts from the global economic downturn, local hotel industry showed more resilience than other regional competitors.
The country’s revenue per available room ranked second across the region.
Mauro Gasparotti said that hotel investors are returning to Vietnam because of lower prices, additional liquidity, a more stable economic environment, and improvements in local infrastructure, investment regulations and the visa system. Moreover, investors also see opportunities to take advantage of lacking diversity in hotel brands and style.
Investors from Malaysia, Thailand, Singapore, Russia, and Japan are expanding their operations in Vietnam.