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Da Nang - 3-star hotels will rise sharply in 2014

As reported by CBRE , 2014 , da nang hotel market is expected to supply more than a 3-star hotel thanks to the good progress of the construction of the future hotels Da Nang .
Da Nang tourism market growth in Q2/2013 due to peak season and one of the biggest events in Da Nang " The International Fireworks Competition " was held in late April , has attracted about 395,000 visitors to the occasion. Thus , the total arrivals to Da Nang in your rise to 951 800 respectively , an increase of 29 % compared to the same period last year .
In addition , during the first 6 months of 2013 , there were 7 more international flights to Da Nang international airport , increasing the total number of international flights to 18 . Accordingly , total international passengers also grew significantly by 10.8 % compared to the same period in 2012.


CBRE report said compared to last year , Q2/2013 Da Nang hotels market recorded 6 out of 10 4 and 5 star hotels have rooms at discounted rates from 2.85 to 21.37 USD. However, the increasing rates of CrownPlaza , Vinpearl Luxury and high rates of new hotels opening pushed average room rates in the market increased sharply . Average room rate increased by 37.1 % yoy and 5.6 % 5 blocks in block 4 stars .
In contrast , the average occupancy of the 4 star hotels decreased 4.1 percentage points year on year due to low occupancy of the newly opened hotel , while the average room rate achieved volume growth 9.0 of 5 stars percentage points year on year .
Cause and average room rates increased capacity at lower average block 4 star hotel is due to be launched CBRE Group manages hotels Accor has expanded its market in Da Nang when developing two product lines , total plus two luxury hotel brand Novotel and Grand Mercure Da Nang Han River and the Premier luxury brand Pullman Da Nang Beach Resort in first 6 months of 2013.
 

Commenting on the market outlook hotels in Da Nang , CBRE said the hotel market will be more challenging than the supply and the presence of international management units . In addition , it is expected that the market will add approximately 2,360 rooms from 3 to 5 stars , as of 2014 . In the coming time , the accession of the Melia hotel brand , Le Meridien , Hilton , Marriot will contribute to improving the quality of services and promote tourism to the region Danang but also will increase the competition between the existing hotel . Therefore, the capacity of existing hotel rooms are expected to remain stable or decrease in the next few quarters .
By 2014 , the hotel market is expected to supply more than a 3-star hotel thanks to the good progress of the construction of the hotel in the future while the construction progress of the future hotel most 4 and 5 stars are being delayed or suspended.

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