financeSkift··1 min·For: Owner, Investor, Revenue, GM
Phu Quoc Adds Thousands of Rooms for APEC 2027
Developers in Phu Quoc are aggressively expanding hotel inventory ahead of the 2027 APEC summit, raising concerns of potential post-event oversupply. Major projects include Sun Group and Marriott's mega-developments totaling thousands of new keys across the island.
Key Takeaways
- 1Sun Group's Ruby Beach complex alone plans over 7,000 rooms in phase one, eventually scaling to nearly 20,000.
- 2Marriott expanded its partnership with Sun Group to add multiple new properties in Phu Quoc through 2030.
- 3Hoteliers face long-term occupancy and demand risks once the temporary surge from APEC 2027 concludes.
Source: Skift
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