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Tech disrupting budget hotel industry in Vietnam

Disruptive technology is changing the face of the global hospitality sector and it is definitely transforming Vietnam’s budget hotel industry in one way or another. To see how it is happening right now, Troy Griffiths, deputy managing director at Savills Vietnam, will give an insight into how tech has been driving the budget hospitality and opening up opportunities for the tourism industry as a whole here.

Luxstay raises $6 million in fresh funds to take on Airbnb

Local rental market platform Luxstay has successfully secured additional $6 million in venture capital funding via the Shark Tank Vietnam progamme this week, gearing itself up to compete with international rivals like Airbnb.

New hotel supply to ease room shortage in Hanoi and Ho Chi Minh CIty

Hotel pipeline in Hanoi and Ho Chi Minh City is expected to accelerate in the next three years, helping ease supply shortage amid rising demand from international tourists, according to CBRE.

Luxstay snaps up $4.5 million from Korean investors

Local accommodation rental startup Luxstay has now secured a $4.5-million bridge loan from Korean-backed GS Home Shopping (GS Shop) and BonAngels.

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