Savills Vietnam’s
latest report showed that in Q1 of 2012, total supply of Hanoi hotel market was
7,250 rooms, up 1% slightly against the previous quarter, according to Vietnam
Investment Review.
Hanoi
hotel market was still in peak season, however the leasing capacity and average
rental fell 5% and 7% respectively compared with Q4 of 2011. The group of
3-star hotels reached the highest leasing capacity, followed by 5-star hotels
and 4-star hotels. Revenue on each room was 915,000 dong, down 16% on quarter.
Savills
reported that Hanoi will have 42 hotels in future, including 23 projects to
provide around 6,600 rooms to the market. Most future projects are centralized
in Tu Liem District, offering 3,500 rooms equalling to over 50% of total hotel
room supply. Most are luxury hotels with average scope of 400 rooms each.
In
Q2 of 2012, Candeo Hotel Hanoi in Doi Can Street and Intercontinental Hanoi
Landmark in Pham Hung Street will join the market with total 450 rooms.
VietBiz24
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