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Patience is required for investing in hotel

As the number of tourists coming to Vietnam is on a strong rise while more and more overseas Vietnamese return to Vietnam, investing into hotels and resorts has become realty attractive. However, according to experts, this is also an investment channel that requires a lot of capital and patience. According to a report of CBRE, turnover on the number of rooms of hotels in HCMC and Hanoi has increased by at least 5-10 percent over 2010 and at least 15 percent over 2009. The profit rate of hotel investment is also about 2-3 percent higher than that of office for lease and retail space. “Investing in hotels, especially hi-end one, is still very attractive”, said Mr. Tao Van Nghe – Director of Rex Hotel.

 

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Source: TUOI TRE – Date: 03/10/2011