Resort real estate is out of breath because of the new wave of Covid-19

Avatar of Nick John By Nick John Dec15,2023 #because #Covid #Resort
Resort real estate is out of breath because of the new wave of Covid-19 2
Resort real estate is out of breath because of the new wave of Covid-19 2

Mr. Mauro Gasparotti, Director of Savills Hotels Asia Pacific, said that the new wave of epidemics also has a strong impact on the resort real estate segment in Vietnam, which has just found signs of recovery.

In the immediate future, the hotel and resort market in Da Nang will be most affected by tourists canceling their bookings for August and September.

The streets of Da Nang are deserted after implementing social isolation measures.

Mr. Mauro Gasparotti forecasts that the outbreak of Covid-19 in Da Nang and some localities will also affect other tourist destinations in Vietnam, both the resort segment and the business tourist segment because of weak

When an epidemic occurs, tourists are ready to cancel or postpone travel plans.

Domestic airline operations will slow down in the next few weeks and domestic tourist arrivals will also decrease significantly.

Mr. Mauro hopes there will be few new cases and the sources of infection will soon be localized.

Previously, in the first 6 months of 2020, Savills Vietnam’s resort real estate market report showed that this industry’s performance was the worst ever due to the blockade policy.

But thanks to the increase in domestic tourists due to good control of Covid-19, Vietnam’s tourism market is on the road to recovery since a sharp decline in the first months of 2020.

During July, coastal locations recorded high capacity levels on weekends.

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