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Outlook of investment in hotels

 

According to CBRE Vietnam, although real estate market is standing still, RevPar index of hotel segment in Hanoi and HCMC is increasing strongly. Mr. Robert McIntosh, CBRE Hotels Asia Pacific Executive Director, 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. Meanwhile, Mr. Mauro Gasparotti, Senior Manager of Hospitality Investment & Consultancy of CBRE Vietnam, said with such high lending rates, 3-star hotel market creates opportunities for investors who are seeking high profits to easily join hotel industry.

 

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Source: THI TRUONG CHU NHAT – BCT – Date: 02/10/2011