HCM CITY — Investment potential in the hotels sector remains great, especially for investors seeking long-term growth, said Robert McIntosh, Managing Director of CBRE Hotels Asia Pacific.
McIntosh made the comment at a seminar on investment strategies held on Tuesday in HCM City. He said the hotel sector had recovered very quickly after the global financial crisis. Growth in revenue per available room is at least 20 per cent higher than levels before the crisis.
Although the country's real estate market has come to a standstill, hotels in Ha Noi and HCM City were still seeing strong growth in recent years. This year, both Ha Noi and HCM City saw room rates rise by at least 5 to 10 per cent against 2010, or a 15 to 20 per cent increase compared to 2009.
CBRE experts said the lower-end of the sector, which consists of cheap hotels, offered some of the greatest investment opportunities for canny investors.
Due to high interest rates on loans in Viet Nam, three-star hotels presented the best opportunity for investors looking for high returns. However, according to experts at CBRE Viet Nam, cheap hotels needed to increase their business efficiency.
Also at the seminar, experts from CBRE analysed various investment options in the hotel industry, including developing Real Estate Investment Trusts (REITs) and determining the importance of management and consultation companies during construction of hotel projects.
VNS
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment