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Da Nang resort real estate prospered strongly after the epidemic

Da Nang tourism transforms to welcome new waves

On the way of development, tourism plays the role of a spearhead economic sector, contributing to economic restructuring, attracting investment, creating jobs, and improving the quality of life for the people of Da Nang. Therefore, when the Covid-19 pandemic broke out with periods of distancing, travel restrictions, and mass gatherings, Da Nang’s tourism industry was heavily affected, leading to negative impacts on the economy.

Data from the Danang Department of Tourism shows that in 2021, the number of arrivals served by accommodation establishments is estimated at nearly 1.17 million, down 55.8% compared to 2020. Of which, international visitors are estimated to reached 110,000 turns, down 84.2% over the same period; Domestic tourists were estimated at nearly 1.06 million arrivals, down 45.5% over the same period. Revenue from accommodation and travel services is estimated at VND 2,554 billion, down 36.6% compared to 2020. In 2021, Da Nang will only achieve a growth rate of 0.18%. The accommodation service (directly related to the tourism sector) was the industry that caused the strongest drop in gross local product growth of all 20 tier-1 economic sectors in Da Nang. This fact shows the importance of tourism and related industries in the coastal city’s economy.

Da Nang resort real estate prospered strongly after the epidemic - Photo 1.

Da Nang tourism is ready to accelerate after the Covid-19 epidemic

That’s why, as soon as the Government opens the door to tourism, Da Nang quickly announced the tourism stimulus program in 2022 with the theme “Come and enjoy interesting things – Enjoy Danang” to activate the internal power of tourism. at the strong capital of tourism. It is known that the Da Nang tourism stimulus program is divided into 2 phases, including main products such as: Danang experience resort; to stimulate demand for connecting Hai Phong – Da Nang air routes; convalescence to improve health; resort and golf; entertainment at attractions, at Ba Na, Mikazuki, Nui Than Tai hot spring park…

Notably, in this tourism stimulus, Da Nang pays special attention to the addition and renewal of existing products and services to create highlights and attract the attention of domestic and foreign tourists with a series of activities. The opening ceremony of An Thuong Tourist Street, connecting My An night beach activities and the street dance program in Ngu Hanh Son district… The emerging forms of the night economy with activities in tourist streets and beaches My An night will diversify the visitor experience, extend the length of stay, increase the percentage of guests with high affordability, attract guests in new markets… The area of ​​My An ward and My An beach will be one of the exciting tourist attractions of the Da Nang market during the opening period.

Resort real estate flourishes

As a key tourism market of the country, at the present time, Da Nang’s accommodation establishments are welcoming a large influx of international and domestic tourists back. Statistics from the city’s Department of Tourism show that on the occasion of Hung King’s death anniversary, the number of tourists and tourists in Da Nang city reached nearly 78,000. In which, the number of passengers on international and domestic routes is estimated at 38,979 with 262 flights from Singapore, Thailand, Hanoi, Ho Chi Minh City, Hai Phong…

According to a survey of reporters with a number of 5-star hotels on Vo Nguyen Giap Street – the largest coastal road in Da Nang, this prosperity was recorded. Room occupancy during the Hung Kings Ancestral Anniversary and the number of guests booking for the upcoming 30/4 holiday both increased sharply with impressive numbers. For example, five-star hotels on Vo Nguyen Giap street such as TMS Hotel Da Nang Beach of investor TMS Group, Four Points by Sheraton Da Nang, Muong Thanh Luxury… achieved a booking rate of over 80% on the occasion of the death anniversary. To Hung Vuong. In addition, the number of bookings at the above hotels for the holiday of April 30 has reached over 70% until now. In particular, many MICE delegations ranging from 700 to more than 1,000 guests have booked hotels in Da Nang on the occasion of April 30.

Da Nang resort real estate prospered strongly after the epidemic - Photo 2.

TMS Hotel Da Nang Beach – The leading resort space in Da Nang

Particularly, hotels that are not located opposite the sea such as Vo Nguyen Giap Street but on internal routes such as Pham Van Dong, Ho Nghinh, Nguyen Van Linh, Hung Vuong… the occupancy rate also increased significantly compared to that of hotels. before translation. Room occupancy reached 50-60% during the last anniversary of the death anniversary, and recorded the number of room bookings on the 30/4 holiday also increased by 40-50% compared to the same period last year.

A representative of TMS Hotel Da Nang Beach said: “The flourishing tourism of Da Nang is creating momentum for resort real estate to grow again. After 2 years of the epidemic, the luxury accommodation market in Da Nang is vibrant. Along with policies to stimulate local tourism demand, we are also preparing carefully in terms of personnel, supply chain, improving the quality of utilities and services to catch the market wave. “.

After a difficult period caused by the epidemic, the real estate market in Da Nang is gradually recovering. According to a market research report, Da Nang is currently the leading market in the country in terms of the speed of recovery of demand for real estate search and transactions. Compared to the time before the 4th outbreak in April 2021, the demand for real estate transactions in this market has recovered by nearly 70%. The Da Nang real estate market in February 2022 also recorded an average increase in interest of more than 20% compared to the fourth quarter of 2021.

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