Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Vietnam.
Vietnam's economy has been growing rapidly in recent years, with a strong GDP growth rate and positive forecasts for the future. This growth has boosted purchasing power, driving demand for real estate in both residential and commercial sectors.
Vietnam has seen significant urbanization, particularly in cities like Ho Chi Minh City and Hanoi. This trend is creating increasing demand for housing, offices, and retail spaces, providing lucrative investment opportunities.
Vietnam has been a popular destination for foreign investment, particularly from countries like Japan, South Korea, and China. Increased FDI in various sectors like manufacturing and technology is positively impacting the real estate market, especially in areas surrounding industrial zones and new developments.
Vietnam’s tourism industry is booming, attracting millions of international visitors annually. Cities like Da Nang, Hanoi, and Ho Chi Minh City are growing tourist hubs, driving demand for short-term rental properties and hotels. This trend creates investment opportunities in hospitality real estate.
Vietnam’s strategic location in Southeast Asia, with access to both the Pacific Ocean and major global trade routes, enhances its appeal as a business hub. This makes cities like Ho Chi Minh City and Hanoi key locations for investment, with opportunities tied to logistics, industry, and trade.
With a median age of around 30 years, Vietnam boasts a young population that is increasingly moving into the workforce, contributing to both the demand for real estate and a growing middle class. This demographic is likely to drive demand for modern, affordable, and well-located real estate.
