Da Nang real estate: high quality hotels are sharply develoing

The opportunity to promote images all over the world,  DA NANG REAL ESTATE is poured thousands of billion investment in infrastructure with arge number of tourists during the APEC meeting. It created strong momentum for Da Nang real estate market this year.

Da Nang Real Estate: Opportunities APEC brings.

Trinh Viet Hung, deputy general director of the Empire Group, said that the Asia-Pacific Economic Cooperation (APEC) Summit held in November created a strong momentum for Danang real estate. big waves, by 3 causes.

Firstly, the number of guests after the big conference, the hotel market demand and many types of services in Da Nang.

Thanks to APEC, Da Nang is known to more international friends

Secondly, there are more than 6,000 reporters and major media outlets in the world. As an opportunity to promote Da Nang City to friends in Europe.

The APEC summit will also push the number of tourists to Da Nang not only to VND6 million in 2016. It is expected that this year there will be big changes in the direction of increasing. This is especially meaningful with resort projects being developed.

Thirdly, in order to prepare for APEC, Danang receives the government’s tens of trillion dong budget to upgrade its infrastructure, decorate the city, etc and sends to international friends a Da Nang pictures worth living.

Luxury hotel (4-5 star) development trend of Da Nang market in the coming years

Many investors poured tens of trillions of VND to build 4-5 star resorts in Da Nang. Aiming to welcome the large number of visitors to travel, convalescence and conference.

According to Truong Thi Hong Hanh- Deputy Director of Danang Tourism Department: At present, according to latest statistics, the number of hotel rooms 4-5 star segment is 6,612 rooms. Accounting for 31% of total supply in the city.

This number will be enough to meet the growing demand of both domestic and foreign tourists in the near future. Demonstrating that, Da Nang has met the needs and successfully organized the APEC conference in November.

Soliel Anh Duong of PPC An Thinh: VND 10,000 trillion project to receive wave from resort tourism

However, according to many experts, the demand for conference tourism (MICE) and convalescence are more and more. From the East Asian markets such as Korea, Japan, China, Taiwan, … As in domestic, demand for 4-5 star resort in Da Nang in the future will be very large.

Predict this trend, from mid-2016, … investors have launched many high-end projects in Da Nang. As the Golden Hills of Trung Nam Group is worth $ 1.6 billion, FPT City of FPT Group, Soliel Anh Duong of PPC An Thinh.

Also at the beginning of this year, many 4-5 star hotels have been built on the Hoang Sa – Vo Nguyen Giap – Truong Sa artery line with the following projects: Furama Ariyana; Alphanam Luxury Apartment; Da Nang Times Square, …

Industry experts comment on high-end segment.

Trinh Viet Hung, deputy general director of the Empire Group, said: “Currently, four-star hotels in Da Nang are under supply. The average room occupancy rate increases every year.

Regular fire conditions occur on major holidays or at the peak of the tourist season. As the international or upcoming fireworks festival is likely to be APEC. This is the reason that in the past two years hundreds of thousands of billion has been flowing into this segment.

He shared the expectation of his company’s Cocobay project: “With millions of visitors coming to Da Nang each year. Our Coco Ocean-Spa Resort room rate will always be guaranteed. We are also very confident with the commitment of 12% per year for this project in eight years. “

According to Mr. Hung, in Cocobay current one-bedroom apartment of the project is worth VND1.8 billion. The average price of four-star hotels in Da Nang is currently $ 2.8 million per night.

The average occupancy rate is over 70%, the annual turnover is about VND 650 million. Except for costs incurred, profit will be about VND 400 million.

High-end projects in Da Nang are a good direction

Mr. Tran Duc Dien – Chairman of Maxland’s board also said that Da Nang has a great opportunity to develop in the 4-5 star hotel and resort sector. Thanks to the high average operating capacity of the business will be very positive.

Therefore, in addition to the value of the projects, customers, especially investors, will give priority to efficiency criteria over time.

The owner and operator of the project will have to make attractive promises of profit in the market to attract customers.

Representatives of Savills Hanoi said that Danang has a lot of potentials from the marine tourism sector with its favorable nature and cultural advantages. In addition, demand for rooms also increased in the tourist season also helps the city attract investors capital.

In addition, Da Nang has many advantages such as favorable investment environment, infrastructure elements, entertainment facilities, high-level entertainment and diversified. All of this makes the development of real estate, especially luxury property.

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