Home   »   Property News   »   Danang: hotel supply rises sharply to prepare for APEC
Danang: hotel supply rises sharply to prepare for APEC

According to CBRE Vietnam, in H1-2017, Danang real estate market records a 5-star hotel and three 4-star hotels, providing an additional supply of over 1,000 rooms, increasing total supply of 3-to-5-star hotel to 12,969 rooms. Duong Thuy Dung, Head of Research at CBRE Vietnam, said: “Many 4-star hotels have been inaugurated in recent years, especially new ones located along Vo Nguyen Giap Street, contributing to make a new skyline for Danang city. These hotels provide tourists with professional resort services, infrastructure and modern hotel utilities, but at affordable prices, striving for inbound tourists and international visitors with humble budget, in order to promote strong growth of resort. In upcoming time, this route will welcome even more high-rise buildings and diverse property models.”