DoubleTree property to open in historic capital of Laos by 2020
Hilton and DoubleTree by Hilton today signed a management agreement with TPD Company Limited, a subsidiary of the TK Group, to manage the 160-room DoubleTree by Hilton Vientiane, which is scheduled to open in early 2020. The announcement marks Hilton’s entry into Laos and the brand’s debut in the historic capital city of Vientiane.
The DoubleTree by Hilton Vientiane will be located on the intersection of Rue Setthathilath and Rue Manthatourath, close to That Dam, which is an iconic stupa in the heart of the city centre. This downtown area is home to beautiful colonial French architecture and a wide range of quaint restaurants and cafes.
Several iconic cultural and historic attractions, such as the Presidential Palace, Sisaket Temple and Lao National Museum lie within a one- kilometre radius of the hotel, making it convenient to explore on foot.
For travellers seeking an authentic experience, local markets, such as the Talat Sao Morning Market and Riverside Night Market, are also easily accessible from the hotel. The hotel is also conveniently located about five kilometres from Wattay International Airport.
As the social and economic capital of Laos, Vientiane is home to a plethora of large financial institutions, government agencies and international businesses holding offices. It is also the trading hub for various commodities due to its access to Thailand and Vietnam via the Mekong River and three link bridges.
In recent years, the city has experienced rapid economic growth from foreign investment thanks to the government’s willingness to welcome foreign investors and its commitment to developing the tourism industry.
Laos is on-track to remain one of the fastest growing economies in Asia, thanks to the government’s willingness to welcome foreign investments. Most recently, there was a 70 percent increase in foreign direct investment in the lead-up to the 2016 launch of the ASEAN Economic Community.
In addition, a US$6 billion, 427-kilometer Laos-China rail link, that is under construction will connect the track in Thailand to form part of the Kunming-Singapore railway and will run through central Vientiane. This is anticipated to boost trade and tourism and spur economic growth within Vientiane.
Additionally, an increase of travelers is expected at Wattaya International Airport by 2018 due to a terminal expansion project currently underway.