Savills Vietnam | January 23, 2019
OVERVIEW 2018 2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to ot...
Mauro Gasparotti | May 4, 2018
By Mauro Gasparotti The past year certainly did not disappoint hospitality market stakeholders. Market confidence remained high throughout the year, underpinned by very strong international arrivals growth. This year, not only did we see strong development activities in the main cities and destinations, we also saw secondary and tertiary locations gearing up for development: Ho Tram, Ha Long, Sapa, Quy Nhon to name a few. Tourism in Vietnam continues to be a promising source of income for the country, with growing demand for accommodation, and many new and promising projects in the pipeline for the next decade. According to the Vietnam ...
Savills Vietnam | May 8, 2017
Even though APAC witnessed a moderate decline in occupancy as a whole during 2016, a majority of regional markets have responded with strong rate growth. ADR will likely remain the primary driver behind performance in the APAC hotel sector this year. Market sentiment indicator H12017 Source: Savills Research and Consultancy Occupancy rate and ADR OCCUPANCY (%) ADR (US$) 2016 JAN 2016 JAN 2017 2016 JAN 2016 JAN 2017 Bali 66% 62% 68% 111 111 119 Bangkok 77% 81% 81% 95 99 105 Beijing 73% 67% 62% 85 86 78 Hanoi 79% 79% 77% 106 110 109 Ho Chi Minh City 71% 72% 70% 114 121 114 Hong Kong 86% 85% 86% 177 205 185 Jakarta 58% 50% 49% 81 80 79 Ku...
IHG Hotels & Resorts Partners With Seraphim Development for InterContinental Hotel in Pyeongtaek
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Todd Turner Named Chief Executive Officer of OTO Development
YOTEL Washington DC Appoints Fathi Sarsouri as Director of Food and Beverage
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