Hoiana Resort & Golf Announces $1 Billion Expansion
News Summary
Hoiana Resort & Golf in Vietnam is set for a $1 billion expansion, introducing over 1,000 five-star rooms, a convention center, and a second golf course. This phase aims to enhance tourism and create 2,000 new jobs, establishing the resort as a key player in the industry. With plans for additional attractions, Hoiana focuses on MICE tourism and aims to double its tax revenue contributions by 2025, solidifying its position as a premier destination for travelers and golf enthusiasts.
Exciting News for Hoiana Resort & Golf: A $1 Billion Expansion!
Big things are happening at the Hoiana Resort & Golf! Located on the breathtaking central coast of Vietnam, this stunning getaway is about to undergo a remarkable transformation with a whopping $1 billion expansion. If you thought the resort was impressive before, just wait until you hear what’s in store!
What’s New?
The details of this exciting new phase were shared by Nguyen Vinh Tran, the general director of Hoi An South Development Ltd, during a recent meeting with local authorities and business leaders on January 8. This expansion, officially known as Phase 2, will introduce more than 1,000 new five-star hotel rooms alongside a multifunctional international convention center that can accommodate up to an incredible 2,500 guests.
But that’s not all! Families can expect a new retail and entertainment complex designed just for them. It’s great news for those looking to enjoy a variety of attractions in one place!
Golf Lovers Rejoice!
If you’re a golf enthusiast, the expansion plans include a second golf course, which will feature a state-of-the-art professional training center and academy. This new facility will offer internationally recognized certifications for players looking to up their game!
Award-Winning Resort
Just recently, Hoiana was honored with the prestigious title of “Asia’s leading fully integrated resort” at the 2024 World Travel Awards! With accolades pouring in, it’s no wonder the resort is set to become an even bigger player in the tourism sector.
Job Creation and Economic Impact
Currently, Hoiana employs around 2,700 workers, with a remarkable 98% of them being Vietnamese. The expansion is anticipated to create an additional 2,000 new jobs, which is fantastic news for the local job market. Plus, it’s expected to contribute more than VND 2 trillion (approximately $76.1 million) in annual tax revenue, doubling its contribution by 2025!
Tourism Boom
Hoiana is focusing hard on attracting more tourists, especially for MICE tourism (Meetings, Incentives, Conferences, and Exhibitions). In 2025, the nearby region saw about 17 million visitors, including a whopping 7.6 million international tourists, marking a 25% increase from the previous year!
Gaming Galore
The resort’s casino is another highlight, featuring 140 gaming tables and over 270 electronic gaming machines. This makes Hoiana’s casino the largest table allocation in the entire country, making it a must-visit for gaming enthusiasts!
Future Plans
The total investment for Hoiana’s development is around $4 billion, with plans rolling out in seven phases set for completion by 2029. With the newly appointed CEO, Alan Teo, on board, Phase 2 is expected to break ground in 2025, although the exact date has yet to be confirmed.
In summary, Hoiana Resort & Golf is gearing up for a significant leap forward, promising to enhance its offerings and strengthen its position in the tourism sector. This expansion reflects a bright future ahead for this stunning resort, ensuring that it remains a top destination for travelers and golf lovers alike!
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