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The Rise and Rise of Branded Residences
Savills Vietnam | October 11, 2019
There are now more than 430 branded schemes globally with a combined total of 65,000 units Asia Pacific, led by Thailand and Vietnam, currently has the most schemes in planning and under construction (23% of pipeline) Average price premium for branded residences over non-branded stands at 35% Dubai set to topple New York as the global capital of branded residences The branded residences sector has seen phenomenal growth and there is no sign of it slowing, says Savills in its Branded Residences Report, launched today. The number of branded schemes has grown by 195% in the last decade and there are more than 430 branded schem...
Vietnam Hospitality Market: 2018 Overview and 2019 Outlook
Savills Vietnam | January 23, 2019
OVERVIEW 2018 2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to ot...
Condotels in Vietnam: The Cautious Optimism of the Hospitality Market
Mauro Gasparotti | May 4, 2018
By Mauro Gasparotti The past year certainly did not disappoint hospitality market stakeholders. Market confidence remained high throughout the year, underpinned by very strong international arrivals growth. This year, not only did we see strong development activities in the main cities and destinations, we also saw secondary and tertiary locations gearing up for development: Ho Tram, Ha Long, Sapa, Quy Nhon to name a few. Tourism in Vietnam continues to be a promising source of income for the country, with growing demand for accommodation, and many new and promising projects in the pipeline for the next decade. According to the Vietnam ...
Savills Shares Asia Pacific Hotel Sentiment Survey Results H1 2017
Savills Vietnam | May 8, 2017
Even though APAC witnessed a moderate decline in occupancy as a whole during 2016, a majority of regional markets have responded with strong rate growth. ADR will likely remain the primary driver behind performance in the APAC hotel sector this year. Market sentiment indicator H12017 Source: Savills Research and Consultancy Occupancy rate and ADR OCCUPANCY (%) ADR (US$) 2016 JAN 2016 JAN 2017 2016 JAN 2016 JAN 2017 Bali 66% 62% 68% 111 111 119 Bangkok 77% 81% 81% 95 99 105 Beijing 73% 67% 62% 85 86 78 Hanoi 79% 79% 77% 106 110 109 Ho Chi Minh City 71% 72% 70% 114 121 114 Hong Kong 86% 85% 86% 177 205 185 Jakarta 58% 50% 49% 81 80 79 Ku...
