From 2028, Phu Quoc will have convention capacity it does not have today, an expanded airport, and a reputation established by hosting a leaders' summit. For planners working on a two or three year horizon, that changes the calculation.
| Capability | Today | From 2028 |
|---|---|---|
| Largest single conference space | Resort ballrooms, up to about 1,000 banquet | Convention hall around 6,500 seats |
| Theatre-style venue | None purpose-built | Around 4,000 seats |
| Exhibition space | Very limited | Purpose-built exhibition capability |
| Parallel breakout capacity | Two to four rooms at larger resorts | Substantially more |
| Airport capacity | Expanding | Second terminal and second runway in operation |
| Ground transport | Road only | Road plus light rail on the main corridor |
Programmes that currently cannot happen on Phu Quoc at all — conferences of 500 to 3,000 delegates, exhibitions, association congresses — become possible. For the 20 to 200 range we handle today, the change is less about capacity and more about the quality of the surrounding infrastructure.
Our working expectation, stated as an expectation rather than a fact: rates firm through 2027, step up after the summit as the destination's profile rises, and then stabilise as new supply comes online.
The pattern is familiar from other summit host destinations. Demand rises immediately on visibility; supply catches up over two to three years; pricing settles above the pre-event level but below the immediate post-event spike.
You do not need convention capacity. The main effect is better access and higher rates. If your programme recurs, establishing it now at current rates is sensible.
More venue options and better breakout capacity. Worth waiting only if your agenda is currently constrained by breakout rooms.
This is the group for whom the change is transformative. Today Phu Quoc cannot host you; from 2028 it can.
Purpose-built exhibition capability does not exist on the island today. This is genuinely new.
Realistically 2028, after the summit, handover and commissioning. We would not advise contracting a programme against it before it is demonstrably operational.
More expensive, certainly. Whether that makes it poor value depends on what you get for it — a destination with better access, better facilities and an established profile is not the same product at a higher price.
For programmes under 200 delegates, no. You would be paying more for capacity you do not use. For large conferences and exhibitions, waiting is not a choice — the capacity does not exist yet.
New properties are under development, though hotel supply typically lags infrastructure by several years. We would expect meaningful new resort capacity from 2029 rather than 2028.
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