Ms. Do Thu Hang, Deputy Director of Hanoi Savills Research Department said that many opportunities are opening up for this segment.
According to Ms. Do Thu Hang, the famous tourist areas in the northern provinces such as Quang Ninh, Hai Phong, Lao Cai and Vinh Phuc are becoming more vibrant as transport infrastructure is improving strongly.
Specifically, the Ha Noi – Hai Phong Expressway will be officially opened by the end of 2015, the second phase of Cat Bi Airport project will be completed and put into operation by the end of the first quarter of 2017, Lach Huyen Port is expected to be completed by 2019, Tan Vu – Lach Huyen overpass is expected to be inaugurated and put into operation in May 2017, Bach Dang bridge is expected to be completed and opened on June 30th, Haiphong – Ha Long Expressway can access the entire route in 2017.
In 2017, it is planned to inaugurate the passenger wharf and electric-car route to take passengers from Cat Hai to Cat Ba Island and travel on the island. These are some key projects demonstrating our determination to improve the infrastructure of the North. In addition to improving the infrastructure, entertainment facilities have also been upgraded and expanded, typically SunWorld Ha Long Park of Sun Group in Ha Long.
Regional tourism products have also increased dramatically as large real estate developers are approaching closely to the needs and investment decisions of their clients. The commercial townhouse products have been very popular, such as Syrena Little Vietnam project, Dragon Bay Vinhome, Mon Bay Ha Long project…
It is noted that the activities of the hotel market in some northern tourist provinces have flourished. In Quang Ninh, three- or five-star hotels have average capacity of 60-70%. In Hai Phong, the capacity for rent of each segment and the overall market improved. Lao Cai also recorded 4- and 5-star hotel market is approximately 70%, in which four-star hotels in Sa Pa had the average rental price higher than hotels in the same segment in other areas.
With the dramatic improvement in hotel performance recently, the success of the resort in the north is just a matter of product idea, design, landscape and operation. Summer is not only the holiday season but also the investment season when investors in the North tend to invest more in the Central, South. However, with the above factors, the market share of customers will certainly have the sharing and change in the near future.
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