The hospitalilty market's average occupancy of 62 per cent country wide in 2019 collapsed to just 24 per cent in 2020. - VN
HANOI (Vietnam News/ANN): January started on a positive note, with city hotels seeing increased MICE and event bookings, while in some resorts corporate bookings started to return, according to Savills Vietnam.
“The market in 2021 is expected to be broadly similar with most of 2020, at least until borders reopen to leisure and business trade. Hotels have adapted by considerably reducing operating costs to establish lower breakeven points.
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