Hai Phong Vietnam Marriott Hotel
Marriott opens Hanoi Marriott Hotel, the first hotel of its kind in North Vietnam. Located on Flamboyant Island in the Do Son district, this 300-room hotel will cater to the growing number of travelers seeking an upscale, international-quality hotel. Near the hotel, guests can enjoy the many attractions of northern Cambodia, such as the Ho Chi Minh City Museum and the National Museum of Vietnam.
This project will help to reduce the journey time from Ho Chi Minh City to Hanoi by about six hours, thus enabling a link between Honoi and the Lao Cai Expressway. The increasing number of tourists in the region and the opening of the new hotel are expected to further boost the demand for travel, especially with the arrival of more tourists from Cambodia and other countries.
With the increasing demand for travel, more and more hotels and brand hotels in the region are gearing up for an increase in their business. The brand has teamed up with its member hotels to ensure that guests enjoy the typical hospitality of Okura, combining Japanese attention to detail and Western functionality. Japanese service and the spirit of Japanese hospitality are at the heart of the design and service of the hotel and its services to its guests.
Popular attractions include Dinh Cau Temple, built in honor of the sea goddess Thien Hau, and Ho Chi Minh City National Park. Other local attractions include the Hanoi Museum of Art and Culture and the Royal Palace of Vietnam in the city of Phnom Penh.
The Nikko Hai Phong Hotel is the first of its kind in Vietnam, after the Okura Prestige Saigon, which opened in 2006 in the city of Ho Chi Minh City, Vietnam's second largest city. The second hotel, the Nai Hai Hai Hotel in Phnom Penh, is due to open in 2013 and will be the largest hotel in the world with a capacity of 1,000 and 2,500 rooms. In 2011, two other hotels - the Hanoi Royal Palace Hotel and the Nien Hai Hotel - and a third, a hotel-restaurant and bar opened in Ho Hoi An, Cambodia's capital.
Inspired by the Japanese style of omotenashi hospitality, the Nikko Hai Phong Hotel offers the utmost comfort and relaxation. The average hotel room will be 35 square meters and guests will have access to a wide range of amenities including a gym, gym, swimming pool, gym, spa and fitness center. The hotel rooms offer a mix of modern, modern and modern luxury, comfort, convenience and comfort.
The country is 4550 kilometres across the border and Vietnam's main ports are below. In 2018, Vietnam, which is characterised by high economic growth and high levels of tourism, attracted more than 1.5 million visitors per year, the highest number in the world. The largest ports in Vietnam include Chan Phong, Ho Chi Minh City, Quang Ninh, Hanoi, Phnom Penh and Hoi An.
HVS is pursuing the future hotel offering in Vietnam, which is expected to grow significantly over the next five years. The upscale segment has an expected CAGR of 6.5% in 2018, up from 3.8% last year.
The average turnover of 5-star hotels is estimated at 63 dollars per night, while the number doubles in the 4-star segment.
The number of foreign staff and experts staying in Haiphong to oversee investment projects is quite high, especially in the hotel and apartment segment. With continued economic growth and significant infrastructure investment resulting in increased volumes of international and domestic leisure travel and continued international domestic travel, there is still an opportunity for high quality hotel development in Vietnam, "he said. Driven by escalating trade tensions and rising production costs, Vietnam will remain one of Southeast Asia's fastest-growing economies in 2017, according to the International Monetary Fund (IMF). Premium offices in Taipei are 80 percent lower than in Hong Kong, office costs in Seoul are around 70 percent lower, and the majority of new high-end residential and office buildings are being built in central Hong Kong.
The EIU expects the Vietnamese dong to continue to show a pattern of annual average depreciation against the dollar. This is supported by currency appreciation and a stronger dollar against other major currencies in the region.
Vietnam's foreign direct investment is expected to record a strong inflow, anchored by ASEAN-led bilateral agreements with China, India and South Korea. A strong economy and growing middle class in the country, as well as strong domestic demand for goods and services, are the factors that will fuel the growth of foreign investment in Vietnam's domestic market in the coming years.
Japanese investors are looking for warehouses for their production activities and are increasing their investments in the Vietnamese market. Vietnam is gaining momentum to establish itself as a production location in Southeast Asia. It provides a competitive market for companies that want to establish their activities in China and now offers them opportunities to establish themselves in Vietnam.