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Domestic tourism dragged resort real estate back to the market

Date : 2020-06-04

The vibrant domestic tourism activities have helped investors confidently sell goods at a number of high-class coastal resorts.

Recovery with tourism

Unable to open the door to welcome foreign visitors, Vietnam is conducting a stimulus on domestic tourism of national stature to meet the people 's need to explore and relax after the epidemic. Travel agencies, airlines as well as many localities simultaneously launched the attraction. Many tours to famous tourist destinations such as Da Nang, Nha Trang, Quy Nhon ... reduce 30-50%. Some businesses associated with the airline launched vacation combos at preferential prices.

This stimulus policy has achieved many positive signals. According to Google's evaluation report on the tourism trend of Vietnamese people after the gap, in the last 6 weeks, the number of searches related to island tourism in Vietnam has doubled. The most searched destinations are Vung Tau, Phu Quoc, Nha Trang, Quy Nhon, Ha Long Bay ... The number of searches related to national parks and national parks has also increased by 25%.

With this recovery momentum, experts forecast the domestic tourism market may increase by 95% in the remaining 7 months of 2020. In a report by Savills, Mauro Gasparotti, Director of Savills Hotels Asia - Thailand Binh Duong said that the domestic tourism market will be active again in the first phase of the recovery.

Following the decision on social isolation, the majority of hotels and resorts in Vietnam reopened in May with impressive promotions. Tourists are also excited to book family vacations after long periods of indoors.

Vietnam will undergo a process similar to China after the pandemic is contained. Accordingly, the Chinese market only takes about six weeks for capacity to return to 30% after the capacity is sharply reduced in the previous period and this depends entirely on domestic tourists, especially the group. Young travelers, Mr. Mauro Gasparotti said.

Phối

Grand World Phu Quoc with an amusement model "All-in-one" promises to become the entertainment paradise of all travelers.

Prospects of development after the epidemic

With good disease control, tourism is expected to be the first industry to recover. The number of domestic tourists is expected to increase when international visitors are not welcomed.

Restored tourism will also lead to the food, entertainment, hotel and especially resort real estate industries rebound strongly after the epidemic. According to experts, the attraction of a tourist apartment lies in two factors: relaxation and exploitation. This investment channel is safer and more leisurely than many other channels, because homebuyers receive the commitment from the investor's profits and can delegate the management and operation to professional units.

Recently, the legal framework for condotel has been completed, becoming a turning point for resort real estate. Before that, many people saw the attraction of condotels but were hesitant because this type has not been officially born. Therefore, when the Ministry of Natural Resources and Environment issued a document guiding the land use regime for condotels with the term of 50-70 years, the psychological barrier no longer exists, the investors were more aggressive. a lot of.

Catching the market, the investors also launched many sales programs combined with the introduction of resort products. In Phu Quoc market, Vingroup resumed trading activities at the Grand Word Phu Quoc project and was about to open a VinWonders shop project in Bai Dai area. In parallel with the Southeast Asia's leading amusement park VinWonders, which is about to open in early June, the sleepless city Grand World is also speeding up to start operations by the end of this year.

Many attractive new products come to market, Vingroup expects this will be a new destination for world tourism when it is put into operation and exploitation after the end of the epidemic. Especially with the Grand Word Phu Quoc project, this big man also launched a policy of a minimum profit of 10% for 3 years with condotel products and committed to rent 5% per year for the first 2 years after receiving the table. Shop delivery.

Some other investors such as Phu Long, Novaland, CEO also launched large-scale projects in Phu Quoc, Phan Thiet, Quang Ninh ... to attract tourists and investors after the epidemic.