You are here: Vietnam Travel » Vietnam Travel News » Vietnam has large potential for hotel investment

Vietnam has large potential for hotel investment

Potential for investing in hotels in Vietnam is promising, especially for investors who target long term growth, said Robert McIntosh, CBRE Hotels Asia Pacific Executive Director.

He made the statement at a conference on hotel investment strategy, held by CBRE Vietnam in Ho Chi Minh City on September 27.

The hotel segment in the Asian cities has bounced back rapidly after the financial crisis with revenue earnings registered from the rooms reaching at least 80 percent compared to the pre-crisis period.

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.

McIntosh said that with the high interest rates offered by banks in Vietnam, most three-star hotels have earned a big profit for investors. However, these cheap hotels should be more efficient in designs and operations, said the experts from CBRE Vietnam.

Also at the seminar, CBRE experts spoke of different to invest in hotels, through selling or re-renting and emphasized the important role of management and advisory agencies in helping investors build and operate the hotels.

Regarding the establishment of a hotel investment trust in Vietnam, McIntosh said the model is still new in the country, therefore, investors should consider it carefully to develop a suitable legal framework for it. (Source: VOV)

Other Vietnam Travel News

The beauty of terraced fields
From south to north in 18 days
Chau Doc boat race winners announced
City eyes global media to promote tourism
Climate & Weather
Brunei food festival in Hanoi
A must - see beyond landscapes in hilly city
The tunnel of love
Yasaka Saigon Nha Trang Resort voted for best service quality
Before the flood
A brief tour of Can Tho
Visit Da Nang for a wonderful tour!
HCM City: extensive potentials for hotel market
Tourism development in north-central region
Language & Literature
Quang Binh launches ecotourism tour
Unwinding with grass - skiing
Dragons to mark millennium
An amusement park to go up in Ha Tay


Tags: Vietnam Travel Packages Vietnam Vacation Packages Vietnam has large potential for hotel investment Vietnam Travel Package. Travel Vietnam Vietnam travel guide Travel To Vietnam. Vietnam Vacations news Vietnam Travel Package. Good Vietnam Vacations travel sites: Vietnam Vacation Packages Cambodia tours package Vietnam Holidays. Vietnam Customized Tours Deluxe Halong bay Cruise Vietnam Travel Sapa trekking tours Travel to Vietnam.

©1997-2014 Vietnam ANZ Travel. International Tour Operator License 01 - 301/TCDL-GPLHQT.

Head Office: 71 Mai Hac De Str, Hai Ba Trung Dist, Hanoi, Vietnam.
Tel: (+844) 3974 4405/3974 4406 Fax: (+844) 3974 4407.
Hotline: (+849) 0418 6939 (Mr Tony)/1232 6176 (Mr David)
Branch Office: 62 Bui Vien Street, District 1, Ho Chi Minh City, Vietnam.
Tel: (+84) 908440058
Fax: (+848) 39205377
Use of this Web site constitutes acceptance of the Vietnam Anz Travel User Agreement and Privacy Policy