The decline in the number of visitors and revenue due to the Covid-19 pandemic has led many investors selling their hotels in Vietnam.
The pandemic has left efforts to stimulate domestic tourism in tatters, as many tourists cancelled tours and some popular destinations have had to be closed.
Figures from the General Statistics Office (GSO) showed that in the first eight months of this year, the number of international visitors to Vietnam only reached nearly 3.8 million, down 66.6 per cent over the same period last year.
Travel tourism revenue in the period was estimated at 13.1 trillion dong, a 54.4 per cent year-on-year decrease, GSO data show.
Hotels with “for sale” signs have been seen in many places, such as five-star Grand Vista Hanoi for 950 billion dong ($41 million) and Pullman Saigon Centre in Ho Chi Minh City. Many two to four-star hotels have been also offered for sale as investors are unable to cover operation costs without guests.
https://www.phnompenhpost.com/post-property/more-hotels-offices-sale-vn