Over the forecast period, lodging will enjoy continuous recovery, with hotels overall and short-term rentals recovering to pre-pandemic levels in 2025. Hotels is set to see various new projects in 2023, including the new Ritz Carlton, Mandarin Oriental, Hotel Indigo, and Avani (Ho Chi Minh) and Four Seasons, Wink, Dusit, and Fairmont (Hanoi).
Retail value sales online via intermediaries will continue to dominate short-term rentals in terms of bookings with value sales predicted to return to dynamic growth rates over the forecast period, recovering to pre-pandemic levels in 2024-2025. Younger consumers are increasingly opting for short-term rentals due to their convenience and affordability.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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If you're in the Lodging (Destination) industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.See All of Our Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
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