Recovery of local tourism to stimulate demand for resort real estate

11:56 | 26/05/2020
The resort real estate sector is expected to pick up once again due to the fast recovery of local tourism after the COVID-19 pandemic.
recovery of local tourism to stimulate demand for resort real estate
Recognising the imminent recovery of the real estate market, Wyndham Soleil Danang signed distribution agreements with 20 local and international tourism companies

A report by Savills Hotel Asia-Pacific shows that after each crisis, the tourism sector takes approximately six months to recover. While waiting for international flights to re-open, the high ratio of local tourists helps Vietnam’s tourism recovery at a quicker pace.

In the real estate sector, the industrial and resort segments are considered to be beneficiaries of the relocation wave of international groups to Vietnam because this will stimulate the development of infrastructure and satellite cities. In addition, the increasing demand for accommodation for experts is also a bright spot in the real estate picture of Vietnam.

In order to seize the opportunities from the recovery, on May 22, PPC An Thinh Vietnam Investment and Infrastructure Development JSC, the investor of the Wyndham Soleil Danang project, signed an agreement with over 20 international and local tourism companies, including Journey Vietnam, Hanoi Holiday Travel, Phương Nam Tourist, Viet Vacation Travel, Viet Asia Travel, among others to distribute products and services at the project.

Conveniently located in Danang, a city named the most liveable city in Vietnam, the project comprises of three apartment buildings and one hotel between Pham Van Dong, Vo Nguyen Giap, and Hoang Sa-Truong Sa coastal roads.

The complex boasts all essential elements for a perfect holiday home, including a prime location, classy design, quality management services, international-standard operations, and unrivalled facilities that promise to bring customers a luxury lifestyle.

In addition, Wyndham Soleil Danang is the only building in Danang, which has more than 30 storeys and stands right on the beach.

The construction of Ethereal building (one of the four buildings of the complex) has been implemented to be taken into operation in the first quarter of 2021. The Ethereal building is consideredthe "lighthouse" intentional of the complex with 900 apartments, almost all of which have balconies with seaview panorama.

By Kim Oanh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional

Based on MasterCMS Ultimate Edition Ver 2.9 2020