Sphere Conferences, the conference arm of Singapore Press Holdings Limited (SPH), held the inaugural Hospitality Investment Conference Vietnam (HICV), this week at The Reverie Saigon.
The event’s Guest of Honour was deputy director general Mr. Ha Van Sieu of the Vietnam National Administration of Tourism (VNAT). With the support of the VNAT, HICV 2016 aims to be the country’s leading platform in addressing the opportunities and challenges facing the burgeoning hospitality industry in Vietnam.
Recent statistics by STR showed that Vietnam has recorded an increase in occupancy, Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR). Several of the government’s initiatives like the visa easing policies, improvements in aviation, marine tourism and new destinations are proving to be effective in spurring tourism growth.
The potential of HICV and the Vietnamese market was made evident by the presence of industry players at the event which included AKARYN Hotel Group, Alcatel-Lucent, Baker & McKenzie (Vietnam), Bespoke Hospitality Management Asia, Bitexco Group, dwp, Dynasty Investments, EXO Travel Vietnam, FLC, Gaw Capital, Grant Thornton (Vietnam), Hilton Worldwide, Hoi An South Development Co, InterContinental Hotels Group, Jones Lang LaSalle, MIK Group, Mövenpick Hotels & Resorts, Plateno Group, QUO, SC Capital, STR, Thai Group, Tung Shing Group, Vina Capital, Vinpearl Hotel Management, Wyndham Hotel Group, YWS Design and Delivering Asia Communications.
The discussion topics at the two-day event included investment climate and development outlook, hotel branding and designing in a market of timeless charm, contract negotiation, operator selection, the gaming sector; and new complexes.
Patricia Cheong, general manager of Sphere Conferences, said: “We are optimistic about Vietnam’s growth. The response we have received for this event has been overwhelming. We are excited to be a part of this tourism growth. And we are happy to be able to provide this platform where the hospitality sector can come together and work hand-in-hand to continue to spur this growth.”