Carlson Rezidor Hotel Group has joined hands with Eurowindow Nha Trang Investment and Tourism Joint Stock Company to develop the Radisson Blu Cam Ranh. Slated to open in the first quarter of 2019, the newly-built beachfront resort will be located close to Nha Trang, just 4 km away from the currently-expanding Cam Ranh International Airport. Once completed, the resort will offer 290 rooms and 40 villas, two restaurants, an outdoor pool with a pool bar, a lounge bar, and extensive meeting facilities including a grand ballroom. As of December 2015, there are approximately 3,100 rooms in the upscale and luxury hotel segment in Nha Trang; this number grew at a CAGR of 15.4% between 2012 and 2014. 2015 saw only a marginal growth in hotel supply, with the 70-key Cam Ranh Riviera Resort being the sole opening this year. With a steady increase in international arrivals and rising disposable income of the middle-class in Vietnam, the hospitality industry in the country is poised for growth in the near future.
HVS APAC HOSPITALITY NEWSLETTER .