The resort real estate market gradually developed again dynamically, although slower than some other fields. It is worth mentioning that investors are thinking long-term instead of looking for short-term profits.
After two years of being frozen by the epidemic, the resort real estate market has a chance to restart. The industry is supplemented with new supply from a number of newly opened and put into operation hotels and resorts.
The grandly implemented project launches have stirred up the market and attracted the attention of a large number of investors. Typically, Maia Resort Quy Nhon, Charm Resort Ho Tram, Meyhomes Capital Phu Quoc ... are offered for sale. In areas such as Quy Nhon, Binh Thuan, and Ho Tram become the focus with a series of new projects emphasizing convenience and user experience. The market also recorded an increase in the rental capacity of hotels, but still not equal to before the pandemic.
According to Mr. David Jackson, General Director of Colliers Vietnam, resort real estate has a close relationship with the recovery of the tourism industry and the return of international visitors. The fact that Vietnam has reopened international flights, the tourism industry has found a "light door" and is gradually becoming active again, although slower than some other fields. Accordingly, the resort real estate segment is also gradually "warming" up. It is worth mentioning that investors in this segment often have a long-term mindset instead of looking for short-term profits. The market has many factors for them to believe that a new growth cycle of resort real estate is opening.
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Resort real estate has a lot of potential for development and recovery after opening
Firstly, Vietnam inherently possesses many advantages with its long and beautiful coastline along with strong economic development momentum. In the near future, luxury resort real estate projects will also be developed more by investors in many coastal localities of Vietnam. The trend of cooperation with many famous operators in the world helps to raise the level of service and increase the experience for customers. At the same time, investors also take advantage of promoting communication and promotion to create better effects together. The southern real estate market has an advantage over the year-round warm and sunny climate that attracts more projects than the northern provinces.
Second, unlike many other segments, resort real estate in general did not increase in price too much in two difficult years, affected by the Covid-19 pandemic. For example, land plots and agricultural land increased sharply, in some places by several tens of percent, while resort villas only increased by 4-5%. This will also be a reason for investors interested in this segment to have more motivation to "put down money".
Third, in the long term, with nearly 114,000 billion VND of the economic stimulus package expected to be invested in infrastructure projects, it will be an important driving force for resort real estate in particular and the real estate market. Generally speaking.
However, resort real estate still has potential risks that investors and investors need to closely monitor, including increasing pressure on input costs, the number and skill level of human resources. even new disease risks.
Sharing the same opinion, Mr. Mauro Gasparotti, Director of Savills Hotels APAC assessed that from the beginning of 2022, tourism demand has started to return, including international tourism activities. Vietnam is one of the countries in the region with the fewest barriers to the international tourist market and is facing the opportunity to anticipate the demand for tourism recovery from Asian tourists after a long period of suspension. show trips.
Hotels in the city have also recorded growth in international arrivals in the past few weeks. The region is expected to double in the next three years, from 127 projects to 261 projects in 2025. Although room rates and capacity of the hotels are expected to double in the next three years. Hotels are still below pre-pandemic levels and compared to some other destinations in the region, but overall, both indicators tend to improve. This may increase competitive pressure on prices in some destinations as well as on human resources of the Vietnamese hotel industry.
In addition, he also emphasized that focusing on sustainability can help many investors increase their competitive advantage during the operation phase of projects. To be able to compete and affirm its position on the international tourism map, Vietnam's tourism industry needs to further promote tourism communication, advertising and promotion activities. This needs a synchronous coordination from agencies, departments, local authorities to organizations and businesses operating in the field.
By Real estate panorama