The reality of tourism infrastructure is weak and weak, not catching up with the trend ... is the premise for real estate tourism and still have many opportunities to develop in the coming years. In 2019, the cash flow race is still inclined to markets with impressive visitor growth over the past time.

Which market will break out?

The tourism potential of Vietnam is highly appreciated by the world with the richness and unique characteristics that many countries in the region must aspire to. However, according to Kenneth Atkinson - Executive Chairman of Grant Thornton Vietnam, one of the factors hindering Vietnam's tourism is infrastructure.

In a different perspective, "In the last four years, the amount of searching for Vietnamese tourist destinations has increased by more than 2 times. However, actual visitors to Vietnam only increased by 1.8 times. Revenue from visitors also increased only about 1.5 times ”- the data that Ms. Tuyet Vu, representative of Boston Global Consulting Company (BCG) gave at the Vietnam Tourism High-Level Forum in early December 2008 , showing the shortages that Vietnam's tourism industry has not fully exploited.

The gap in tourism services, including accommodation facilities, must be one of the reasons why GS real estate experts. Dang Hung Vo commented: “2019 real estate market will continue to grow well. In which, how much is the real estate for vacationers not enough, do not need to worry about bubbles or excess supply, there is still plenty of space ”.

The development is still large because besides the long-term markets such as Nha Trang and Da Nang, there are still many emerging tourist real estate markets, especially sea tourism, which are starting to be interested in Vietnam. However, according to experts, the 2019 investment trend is still aimed at markets that begin to achieve improvements in infrastructure and the number of tourists large enough to ensure investors' profits in the next few years.

In 2018, the leading localities for tourists including Ho Chi Minh City welcomed 36.5 million visitors; Hanoi received about 28 million tourists, Quang Ninh welcomed 12.5 million visitors, of which 5.3 million international visitors, Kien Giang welcomed more than 7.6 million visitors ...

In particular, all attention is directed to Quang Ninh with the focus of tourism in Ha Long. The strong investment in infrastructure with a series of highways was put into use, the international airport and Vietnam's first specialized international tourist ship port have opened ... Ha Long tourism promises to remain accelerating strongly in the following years, towards the milestone of 50 million visitors per year as expected by the Prime Minister during the opening ceremony of Van Don airport.

Previously, according to Mastercard's study "Asia / TBD destinations in 2018", Ha Long ranked fourth in the growth rate of international visitors in the Asia-Pacific region. Particularly in 4 days of the 2019 New Year's holiday, Quang Ninh welcomed 200,000 visitors, up 30% over the same period. The numbers bring a lot of wait for investors in the North.

Which segment took the throne?

Going deeper with real estate tourism products, in 2019, the condotel's return or continued decline is still a big question mark, while the types of vacation villas, shophouse, and products stay. expect more "land to play" when tourism continues to grow strongly.

The latest report of BCG shows that in 2017, Vietnam earned 8.3 billion USD from international visitors, but this number in Indonesia was 12.6 billion USD; Singapore is 18.4 billion USD, Thailand is 52.5 billion USD. That is not only because the number of international visitors to Vietnam is less than that of regional countries, but also because the spending of visitors in each trip is also more economical.

For many years, travel experts said that international visitors to Vietnam "have few opportunities to spend money", especially night entertainment products. Obviously next to accommodation, high-end resorts, entertainment services, relaxation, shopping is the Vietnamese tourist void. This is the reason why shophouse in tourist complexes, products that combine both staying and diverse business are highly appreciated in 2019 and will solve the problem of "lack of opportunity to spend money" of tourists.

Commenting on the shophouse segment, Mr. Michael Piro - CEO of Indochina Capital assessed that in Vietnam, shophouse projects are always a priority choice for investors because the needs of customers are now projects attached to land, while condominiums and condotel will be the second option, depending on income.

On these criteria, shophouse in a prime location, favorable business in top tourism cities is still a priority of investors. Particularly in Ha Long, the model of multi-purpose shophouse design, in addition to making restaurants and shops, can trade as a small hotel which is very attractive to investors.