On June 23, Finance - Investment Newspaper organized the Workshop "Tourist Real Estate Market 2026: Cash flow channel", with the participation of management agencies, experts and businesses to exchange views on the prospects of the tourist real estate market in the new period.
For many years, tourism real estate has been considered one of the sectors that has benefited greatly from the development of Vietnam's tourism industry. The increase in domestic and international visitors has contributed to the formation of many new destinations, many large-scale resort complexes, opening up a potential market for investors.
However, after a period of rapid growth, the tourism real estate market is entering a process of adjustment and stronger screening. Investor confidence in some resort product lines has not fully recovered. Capital costs, input costs and financial pressure continue to be major challenges for businesses. At the same time, market requirements for transparency, exploitation efficiency and project operation capacity are increasing.
Speaking at the opening of the Conference, Mr. Pham Van Hoanh - Editor-in-Chief of Finance - Investment Newspaper - emphasized that besides the difficulties of the market, tourism real estate still has important foundations for development in the coming time. Public investment continues to be promoted, transportation infrastructure is increasingly complete, foreign investment capital is maintained positively and the tourism industry is recovering strongly.
According to Mr. Pham Van Hoanh, the next growth cycle of tourism real estate may no longer be driven by hot growth or excessive financial leverage. Instead, the market's momentum may come from real tourism demand, project implementation capacity, asset exploitation efficiency, operating quality and market transparency.
Speaking at the conference, Assoc. Prof. Dr. Tran Kim Chung - expert from the Academy of Finance, former Deputy Director of the Central Institute for Economic Management Research - emphasized the content of tourism real estate development planning after merging localities.
Accordingly, it will focus on forming 7 strategic dynamic areas and 10 national tourism centers. Along with that, the economic institution system in general, the real estate market in particular, especially the tourist real estate market, will gradually become complete and put into smooth operation.
Tourism real estate will be a highlight for the new development phase of the real estate market," Assoc. Prof. Dr. Tran Kim Chung shared.
From a business perspective, Ms. Tran Diem My - Vice Chairman of the Board of Directors of Five Star Group - is seeing very specific requirements from the market, forcing businesses to "change product lines, reshape the market sustainably".
Businesses currently prioritize localities with good infrastructure, real visitor flows, long-term tourism development orientations and the ability to form a destination ecosystem. This is an important change to avoid the market from repeating the situation of hot development and lack of synchronization as in the previous period. Only then can tourism real estate become an investment channel to create stable cash flow in the long term.
