Tourism recovers, creating momentum for beach resort real estate to flourish at the end of the year

Positive signs after many efforts

The recent proposal to raise the target of international tourists to Vietnam in 2023 to 13 million, an increase of about 156% compared to the plan set at the beginning of the year by the Ministry of Culture, Sports and Tourism, is the clearest evidence showing positive signs of the recovery of Vietnamese tourism. Following this recovery trend, coastal resort real estate, especially in key tourism markets such as Nha Trang, Da Nang, Phu Quoc, ... has also begun to flourish.

In particular, the consecutive positive signals in the last months of 2023 have shown that Vietnamese tourism is clearly recovering and growing well after a long period of post-pandemic gloom and economic recession. Specifically, after only the first 3 quarters of the year, Vietnam welcomed 8.9 million international visitors, exceeding the target of welcoming 8 million international visitors for the whole year of 2023. The number of domestic visitors has also reached 93.5% of the target set for the whole year, and is expected to reach and exceed the target of 102 million visitors from now until the end of the year. At the same time, Vietnamese tourism has also been continuously honored by the international community when it became "Asia's Leading Destination" for the 5th time (2018, 2019, 2021, 2022, 2023) and won the "Asia's Leading Natural Destination" award for the 2nd time in a row (2022, 2023).

Vietnam selected as “Asia's Leading Nature Destination” in 2023

The above positive signals are impressive achievements for a series of continuous efforts by the Government, the Vietnamese tourism industry, and the joint efforts and proactive investment of businesses on the journey to revive Vietnamese tourism after the pandemic and economic recession. Among these, it is impossible not to mention the international-scale art, entertainment and festival activities that have attracted millions of tourists back to Vietnam. Starting in January and lasting throughout the four seasons of the year, Hue Festival 2023 successfully promoted the unique values ​​of Hue culture and Vietnamese culture to international and domestic tourists. Meanwhile, the spectacular return of Nha Trang - Khanh Hoa Sea Festival 2023 after 2 years of the pandemic with the highlight being the artistic light show using 1,653 drones has made this impressive cultural event into the Top 10 most prominent events on social networks in June 2023. In July 2023, Vietnam tourism once again benefited from the "doping dose" called Blackpink show in Hanoi and the "Charlie Puth effect" at the Vin Wonder music festival in Nha Trang, contributing to the Vietnamese tourism market's prosperity with millions of domestic and international visitors.

“Bright door” for beach resort real estate at the end of 2023

It is undeniable that the strong growth of tourism after many stimulus efforts by the Government and businesses has created momentum for tourism and resort real estate to recover strongly in the second half of 2023. In particular, coastal resort real estate enjoys the most advantages because Vietnam's key tourism markets are mostly coastal cities with the most popular beaches in Asia, offering a series of experiences that tourists cannot miss.

Decree No. 10/2023/ND-CP has opened a "bright door" for granting Condotel certificates, creating favorable conditions for this attractive real estate market.

Not only showing great potential for exploitation thanks to the recovery and growth of tourism, coastal resort real estate projects have also received many positive signals in terms of policy, such as Decree No. 10/2023/ND-CP recently opened a "bright door" for the issuance of Condotel certificates. Specifically, according to Decree 10, Condotel projects granted pink books will be allowed to do business in accommodation, leasing, transfer, etc. With clearer legal regulations, investors expect to ease the psychology of investors and customers, helping them feel secure in investing in coastal resort real estate, thereby contributing to promoting the recovery and development of this market segment.

According to VARS's forecast, the supply and demand of coastal resort real estate in the last months of the year are expected to grow, even reaching impressive levels with rising prices and bustling transactions. In particular, quality projects with full legal basis in prime locations, operated by reputable units with many impressive experiences for guests will be the focus of the market in the coming time, according to investors.

“ When investing in coastal resort real estate, what I care about most is the operating plan of the investor or operating unit at the project, because resort real estate must go hand in hand with services, with experiences, ensuring good profitability. Like the Meliá Nha Trang hotel complex in the Vega City Nha Trang project that I recently invested in, they not only meet the accommodation and resort needs of tourists, but also pioneer many new cultural, artistic and entertainment activities, but still bring sustainable values, contributing to the conservation and development of Vietnam's natural resources. ", Mr. Nguyen Van Thanh, an investor in Hanoi shared.

Meliá Nha Trang commits to stable rental returns of up to 8% for 6 years for owners

According to Mr. Thanh, Meliá Nha Trang owns a prime location, located in the Vega City Nha Trang resort, art and entertainment real estate complex and is managed by the prestigious international brand Meliá Hotels International. Although it has just been put into operation, the project has impressed with a series of large-scale events, especially focusing on contributing to the development of local tourism and economy such as: Successfully organizing the Golden Kite Awards 2023 and Vega City Festival; putting into operation the Do Theater with the first contemporary Puppet Dream show in Southeast Asia and receiving the support of a large number of media and tourists, operating a 6-star luxury resort branded Gran Meliá Nha Trang - Vietnam's leading luxury resort (Prestigious Best Hotels & Resorts Awards 2023)...

Along with the outstanding potential from the above-mentioned operations, the investor Meliá Nha Trang - Vega City Nha Trang also increases the project's appeal through many attractive sales policies at the end of the year. Accordingly, customers buying Meliá Nha Trang will enjoy a commitment of stable rental profits of up to 8% for 6 years, in addition to the opportunity to participate in the lucky draw program from now until December 31, 2023 with a total prize of up to nearly 2 billion VND.

PV

Source: https://www.congluan.vn/du-lich-phuc-hoi-tao-da-cho-bds-nghi-duong-bien-khoi-sac-dip-cuoi-nam-post270473.html