The hotel market is optimistic again
According to a representative of the Ho Chi Minh City Department of Tourism, from now until the end of 2022, there will be about 3.5 million international visitors if the situation is positive. Ho Chi Minh City receives strong support from businesses and is considered a financial center in Vietnam. A wide range of international and domestic luxury and luxury hotel brands are present in HCMC, including IHG, Accor, Marriott, Hyatt, Reverie, Caravelle, Majestic hotel and Rex hotel.
According to a report by Cushman & Wakefield Vietnam, as of January 1, 2022, the total supply of 3-star, 4-star and 5-star hotels in Ho Chi Minh City is 17,000 rooms. Hotel occupancy in the first quarter was positive in the context of the not-ending pandemic, reaching 35.6%, up 1.6 and 2.1 percentage points quarter-on-quarter and year-on-year, respectively. The average room rent was $73.6/room/night (equivalent to VND 1.68 million), down 5.3% QoQ and down 4.2% YoY. Over the next three years, about 3,800 rooms across 18 private hotels will open across the city.
Tourism initiatives in the city are also driving short- and medium-term tourism demand. One key initiative is the proposed reform of the city’s water tourism, in order to take advantage of HCMC’s vast river and canal tourism potential, including floating markets on the river. The local government is also expanding new categories such as farm tourism and sports. Typically, the proposal to cooperate with suburban areas such as Can Gio and Hoc Mon districts to promote entertainment and culinary activities.
With the Danang hotel market, Cushman & Wakefield points out, Da Nang is one of the most popular tourist attractions in Vietnam. With a long coastline and one of the most beautiful beaches in the world like My Khe Beach. As of the first quarter of 2022, the total supply of 4-star and 5-star hotels in Da Nang is 11,000 rooms, unchanged in the past 2 years. Hotel occupancy in Q1 came in at 30%, up 10.2 and 3.2 ppts QoQ and YoY respectively, boosted by a rebound in domestic tourism during the early Lunar New Year holidays. February. The average room rent was 70 USD/room/night (equivalent to 1.6 million VND), up 3% QoQ and 20% YoY.
In the next three years, about 4,000 rooms in 19 private hotels will be opened throughout Da Nang city. Like HCMC and Hanoi, in recent years, Da Nang has made significant improvements in growth. economic growth, mainly due to industrial production.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here
