Foreign hotel brands continue expansion in anticipation of Southeast Asia's post-pademic rebound. Photo: The Standard, Hua Hin Club Med, the French hotel group, is preparing for a strong travel rebound in the Asia-Pacific. In particular, Club Med is searching for prospects in Southeast Asia, notably in Thailand, Vietnam, and Indonesia. Jean-Charles Fortoul, CEO APAC Resorts of Club Med said, “We have identified Thailand, Vietnam, and Indonesia as markets that are well-positioned to leverage the rebound and we are on the lookout for investors and partners to tap into the potential of these destinations.” Meanwhile, The Standard is expanding into key markets in Southeast Asia with the announcement of The Standard, Hua Hin, which is set for December 2021. After that, The Standard will open its highly anticipated Asia flagship, The Standard, Bangkok Mahanakhon in 2022. The US hotel brand is expected to take the lead in tourism recovery as well as explore key hospitality markets in …
Singapore-based Carousell becomes Southeast Asia’s latest unicorn
After becoming Southeast Asia's latest unicorn, Carousell will continue to accelerate Cho Tot's expansion in Vietnam Since its inception in 2012, Carousell has served tens of millions of users in eight regions in Greater Southeast Asia with the brands Carousell, Mudah.my, Cho Tot, and OneKyat. The investment will power Carousell's ambitions to redefine commerce for secondhand goods and automobiles in an increasingly digitally savvy, affluent, and sustainability-conscious region. "The pandemic has shown us that our mission to inspire the world to start selling and buying secondhand is more relevant than ever. People in the community are using our platforms to make more possible for each other – through shared passions, making ends meet, affording what they need, or simply because it is more sustainable. We believe that the accelerated adoption of digital experiences is an opportunity for us to double down on our recommerce efforts with a focus on convenience and trust, to unlock …
Continue Reading about Singapore-based Carousell becomes Southeast Asia’s latest unicorn →
Vietnam, Cuba to enhance special traditional friendship
President Nguyen Xuan Phuc is the first head of state to visit Cuba since the successful organization of the eighth Congress of the Communist Party of Cuba. This is also the first visit to Cuba by a senior Vietnamese leader after the 13th Congress of the Communist Party of Vietnam. The visit aims to reaffirm Vietnam's foreign policy that attaches importance to strengthening the special traditional friendship between the two parties, the two states and the two peoples. Vietnam-Cuba relationship is rare and special in the history of the contemporary world. Since the establishment of the diplomatic relations on December 2, 1960, generations of the two countries’ leaders and people have always treasured the relationship as a priceless asset of both sides. The two countries have stood side by side during the struggle for national liberation and reunification as well as the national defense and construction cause of each country. Cuba is a pioneer in the international movement to back …
Continue Reading about Vietnam, Cuba to enhance special traditional friendship →