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The hotel market in Vietnam: more "fragile" than ever

Recently, many luxury hotel owners in many cities such as Hanoi or Ho Chi Minh City are selling hotels from tens of billions to hundreds of billions VND. On the Real Estate Trading Floor, hundreds of hotels from every segment, even 5-star hotels, are for sale.

Talking to Tri Thuc Tre, Mr. Eric A. Baumgartner, founder and CEO of Dome Hospitality, a firm specializing in connecting hotel investment, emphasized that this crisis has made the hotel market in Vietnam become more "fragile" than ever.

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Credit: Tri Thuc Tre


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