Asian Groups Actively Seeking Hotels in Vietnam on High Yields: CBRE

Tuan Minh

12:11 19/06/2017

BizLIVE - Vietnam's fast-growing tourism industry offers great opportunities for both domestic and foreign investors.

Asian Groups Actively Seeking Hotels in Vietnam on High Yields: CBRE

The FLC Sam Son hotel in Thanh Hoa province. Photo: flchotelsamson.com

Asian groups have been active in seeking hotels in large cities and resort destinations in Vietnam as they are lured by the high yields on offer in the country, CBRE has said in a report.
Japan and South Korean developers led interest from foreign groups in the first three months of this year while Chinese investors continue to return to Vietnam following the recent thawing in relations.
As an emerging trend, South Korean buyers are seeking three- and four-star hotels in Ho Chi Minh City, while the tourist resorts of Da Nang city and Hoi An town have also seen solid demand for hospitality assets.
The real estate service company adds that recent quarters have seen a noticeable uptick in inquiries from North American and European groups, with their interest focused on the office and hospitality sectors.
Interest among foreign and domestic developers in land remained firm, with Lotte and AEON completing major land purchases in Hanoi in the quarter, and CapitaLand active in HCM City.
Domestic investors retain a strong appetite for investing in the hospitality sector. Some groups are looking to purchase development sites and en block properties outright while others are more open to forming joint ventures with foreign investors.  
Vietnam remains a hot spot for local and international travelers. The number of foreign tourist arrivals to Vietnam increased 30.6% year-on-year to 3.2 million in the first quarter this year. March occupancy in HCM City was 71.3%, according to the report.
Vietnam continues to see an influx of international hotel management corporations setting up operations in the country, CBRE added.

TUAN MINH

Từ khóa: CBRE, HCM City, Da Nang