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Savills: North Resort Villas has many opportunities for success

The development and high-capacity segment of the hotel segment

With the recent improvement in infrastructure and hotel operations, the success of the northern resort resort is just a matter of product idea, design, landscape and way of life. In view of Ms. Do Thu Hang, Deputy Director of Savills Research Department in Hanoi.

Specifically, according to Hang, the famous tourist areas in the north such as Quang Ninh, Hai Phong, Lao Cai, Vinh Phuc is becoming more exciting than ever when transport infrastructure is improving strongly.

Northern resort property is facing great development opportunities
Northern resort property is facing great development opportunities

Ha Noi – Hai Phong expressway (officially opened at the end of 2015), phase 2 of the Cat Bi airport project (until the end of the first quarter of 2017) will be completed and put into operation. Lach Huyen port (expected to be completed in 2019), Tan Vu – Lach Huyen sea bridge (scheduled to be inaugurated and put into operation in May 2017), Bach Dang bridge Haiphong Expressway (Ha Long) (can open the whole route in 2017) or inaugurate the passenger wharf and tram route from Cat Hai to Cat Ba and move on the island (expected this year).

In addition, the improvement of infrastructure, entertainment facilities has 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 the needs and investment decisions of their clients. The commercial street product line has been very popular, such as Little Vietnam project of Syrena, Vinhome Dragon Bay, Mon Bay Ha Long …

The development and high-capacity segment of the hotel segment
The development and high-capacity segment of the hotel segment is the driving force behind the success of the resort

Hotel operations in some northern tourist provinces have flourished. In Quang Ninh, 3 to 5 star hotels have average capacity of 60-70%. In Hai Phong, the leased capacity of each segment and the whole market improved over time. Lao Cai also recorded a market share of 4 to 5 star hotels at approximately 70%, in which four-star hotels in Sa Pa had higher average rents than hotels in the same segment.

With the recent improvement in hotel performance, the success of the resort in the north is just a matter of product design, design, landscape and transportation. operating.

“Summer is not only the holiday season but also the investment season when investors in the North have tended to invest more in the Central and South, not too salty with real estate. However, with the above factors, the market share will certainly be shared and changed in the near future, “Hang said.

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