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Da Nang hotel market thrives on tourism boom

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A ‘hotel road’ has taken shape in Da Nang as investors are taking advantage of the strong rise of the local tourism industry.

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A hotel road has taken shape in Da Nang

 

DLG Da Nang, a 5-star hotel on Vo Nguyen Giap Road in Son Tra district, is expected to open in July. It has 243 rooms, six restaurants and two swimming pools.

Also in July, the 5-star Hilton Da Nang on Bach Dang Road in Hai Chau district managed by Hilton Worldwide, will also open. The 29-storey hotel will provide 223 high-end rooms to the market. 

Just in the first five months of 2018, hundreds of hotel rooms in Da Nang were launched into the market. 

The 4-star New Orient Hotel Danang with 100 rooms opened in late March. CocoBay Da Nang complex inaugurated a new hotel – Pulse Hotels with 160 rooms. 

To date, four hotels of the complex - Latido, Bisou, Muze and Pulse – have been put into operation, providing 1,120 rooms.

The 5-star Marriott Courtyard is under construction, which is expected to be completed by the end of this year, providing 288 rooms.

According to the Da Nang Tourism Department, the number of hotel rooms has been increasing rapidly. 

In 2011, the city had 260 accommodations with 8,736 rooms, while the figures rose to 693 and 28,780, respectively, in 2017. It is expected that in 2018-2020, Da Nang will have 86 more accommodations a year with 6,000 rooms.

According to CBRE Vietnam, 3-star hotels account for 45 percent of total supply, 4-star hotels 27 percent and 5-star 28 percent.

Meanwhile, a report of Savills Vietnam found that Da Nang will have 2,300 more 4- and 5-star hotel rooms this year. 

There are 101 3-5-star accommodations in Da Nang with 11,800 rooms. The business performance of 5-star hotels is extremely good in Da Nang.

Investors have also poured money into 1-3-star hotels. There are over 500 accommodations of this type with 14,000 rooms. New hotels have arisen on routes near the beaches in Son Tra and Ngu Hanh Son districts.

The ‘hotel road’

The road along the coast belonging to Son Tra and Ngu Hanh Son districts is called the hotel road. Thi Truong Dia Oc reported that hundreds of hotels have been built, from the Son Tra mountain to Ho Xuan Huong street, in the last few years.

Hotels have appeared on small streets as well. On Ha Bong and An Cu streets, for example, there are many 1-3 star hotels. As the streets are small, just 5.5-7 meters wide, traffic jams often occur there. In Son Tra district, there are 175 hotels with 7,000 rooms and 100 guesthouses.

 

 

Source: VietNamNet

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