Although real estate market is standing still, investment in hotel segment, especially economy hotels is expected to attract many domestic and foreign investors in the coming time. Mr. Robert McIntosh, CBRE Hotels Asia Pacific Executive Director, said despite the fact that Vietnam’s property market is in hard time, RevPar index of hotel segment in Hanoi and HCMC is increasing strongly. He said potential for investing in hotels in Vietnam is promising, especially for investors who target long term growth. Despite the stagnation in the real estate sector, the hotel market in Hanoi and Ho Chi Minh City has seen an impressive growth over the years with the number of room occupants rising by 5-10 percent over 2010, and RevPar index rising by 15 – 20% against 2009.
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Source: THOI BAO KINH TE SAIGON ONLINE – Date: 02/10/2011