Vietnam's Hotels Increasingly Face Financial Difficulties
Skift Take
Despite a rebound in tourism, many Vietnamese hotels face financial troubles and are being auctioned.
Australia's export tourism industry continues to recover, with international holidaymaker arrivals at 74% of 2019 levels. Outbound travel has already passed pre-pandemic figures. The Australian Bureau of Statistics numbers suggest good growth in inbound visitation from markets including India, Indonesia and South Korea, compared with 2019, and the Chinese market is showing positive signs of recovery.
Oyo is looking to raise Rs 1,000 crore (US$120 million), primarily from the family offices of Indian corporate executives and stock market experts. The Economic Times said this valuation will be down -72% from $9 billion in 2021 to $2.5 billion following the fundraiser.
Macau has solidified its position as the top tourism generator in China, surpassing other prominent nations, according to the UNWTO. The report showed Macau secured 13th position in the global ranking of countries and regionals gen
