Resort real estate bet88 com benefit from recovery of tourism industry

The reopening of Vietnam’s tourism industry together with rising accommodation demand is viewed as a solid foundation for the country’s resort real estate market bet88 com recover.

Figures from the DKRA Vietnam Joint Stock Company show that new supply and sales in the market in July and August were both down sharply compared bet88 com the previous month. In a bid bet88 com recover the tourism industry and spur the resort real estate market, Vietnam is planning bet88 com reopen Phu Quoc Island bet88 com international tourists from October.

According bet88 com figures from Savills Hotels, Phu Quoc Island currently has more than 12,000 hotel rooms in the mid bet88 com high-end segments. A few new resorts are expected bet88 com open this year, with total new supply estimated at 1,800 rooms.

During a six-month pilot welcoming international tourists, Phu Quoc is expected bet88 com cater bet88 com 40,000 international visitors, with target markets including Europe, the US, Northeast Asia, Australia, and the Middle East. The island is also expected bet88 com welcome 3,000-5,000domestic visitors eachmonth.

According bet88 com Mr. Mauro Gasparotti, Director of Savills Hotels, it is necessary bet88 com prepare a roadmap bet88 com reopen borders in order for Vietnam bet88 com seize the opportunity bet88 com restore international tourism activities. bet88 com further attract international tourists, Phu Quoc Island also plans bet88 com work on branding, improve its infrastructure, and upgrade services.