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Danang resort property benefited from local tourism

According to Danang Tourism Board, the city has welcomed around 6.6 million tourists in 2017 alone – 35% of whom are foreigners. This remarked a 39% increase in international tourists and 12% domestic. Strong development in tourism, therefore, pulls the dull local resort property up, particularly condotels and hotel rooms. According to CBRE, in quarter 4, 2017, Danang has seen a five-star hotel, a four-star hotel, and three 3-star hotels that offer over 1,508 units and bring the total number of 3- to 5-star room-on-offer to 15.402 units.