Int’l brands to manage new hotel projects in Hanoi
Illustrative image. (Source: VNA) |
Hanoi – Matthew Powell, head of the Hanoi and Da Nang offices of Savills Vietnam, has noted that the capital city’s hotel market still holds significant short-term recovery potential.
To achieve this goal and stimulate recovery, the Hanoi Department of Tourism has launched a variety of initiatives from October through the end of this year. The aim is to attract more visitors, notably the Hanoi Tourism Ao Dai Festival 2024 which took place earlier this month, and communications cooperation with CNN, according to the expert.
Apart from promotion efforts, the city has also focused on preserving and upholding cultural values, contributing to its sustainable tourism development, thereby increasing demand in the hotel market.
In 2024, Hanoi is set to welcome an additional 68 hotel projects, with approximately 12,115 rooms. It is noteworthy that a five-star hotel is expected to commence operation this year, adding 207 rooms to the market.
For the 2025-2026 period, the market is projected to supply 3,035 rooms from 12 new projects. Among these, five-star hotels will dominate, accounting for 77% of the supply, and the rest are four-star.
According to Savills, the inner-city area is expected to make up 41% of the total new supply, equivalent to 5,027 rooms from 22 projects. International brands such as Hilton, Fusion, Accor, and Four Seasons are to manage 66% of the new supply, while the remaining 34% will be overseen by domestic management units, offering travelers a diverse range of brand options.
Thanks to stimulus programmes, the local tourism sector recorded positive growth in the third quarter, with total revenue reaching approximately 81.93 trillion VND (3.24 billion USD) - a year-on-year increase of 18.5%.
During this period, the city welcomed 21.1 million visitors, up 11.7% year-on-year, among them 4.4 million international, up 40.8% year-on-year rise./.
See also
Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia
10:27 | 05/11/2024 Tourism
Foreign travellers' interest in northern regions still strong after typhoon
14:15 | 04/11/2024 Tourism
Ninh Bình Festival to boost historical heritages of VN’s former capitals
14:10 | 04/11/2024 Tourism
Halal tourism: tackling religious and cultural differences
17:57 | 02/11/2024 Tourism
Việt Nam becomes Australia’s fastest-growing inbound market
09:52 | 01/11/2024 Tourism
HCM City welcomes over 4.6 million foreign visitors in 10 months
09:14 | 01/11/2024 Tourism
See more news
Sri Lanka eager to welcome Vietnamese tourists
15:40 | 31/10/2024 Tourism
“Carbon footprint” reduction needed for sustainable tourism development: insiders
09:23 | 31/10/2024 Tourism
Bình Định tourism launches big promotions to attract more tourists
10:09 | 30/10/2024 Tourism
Hanoi envisaged to be northern hub for tourism growth
09:45 | 29/10/2024 Tourism
Vietnam's tourism likely to boom under 'Six Countries, One Destination' visa initiative
09:40 | 29/10/2024 Tourism
Creating lasting impressions is the future of luxury tourism in Việt Nam
08:47 | 29/10/2024 Tourism
Phú Quốc tackles challenges to boost tourism
09:05 | 28/10/2024 Tourism
Southern Vietnam named as one of the best places to visit in November by Lonely Planet
10:58 | 25/10/2024 Tourism
First chartered flight carries 400 tourists from Czech Republic to Phu Quoc
10:41 | 25/10/2024 Tourism
Sóc Trăng develops tourism products from Khmer culture
15:19 | 24/10/2024 Tourism
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
PM visits President Ho Chi Minh relic site in Kunming
16:30 | 05/11/2024 News and Events
Multimedia
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
Vietnam-Cuba traditional solidarity, special friendship
10:12 | 02/11/2024 Infographic
Vietnam expands FTA network
09:15 | 01/11/2024 Infographic
Vietnam – Qatar friendship and multifaceted cooperation
09:06 | 31/10/2024 Infographic
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
NA deputies call for solutions to ensure the feasibility of drug prevention and control programme
17:33 | 03/11/2024 Policy
15th NA’s 8th session to further discuss legislative, inspection work next week
16:58 | 03/11/2024 Policy
Developing education, training to serve new era of nation: PM
09:57 | 03/11/2024 Policy
Efforts to bring electricity to remote villages of Ha Giang Province
15:15 | 04/11/2024 Energy
Vietnamese F&B industry works to catch up with green consumption trend
17:38 | 03/11/2024 Industry
PM calls for Qatar's support for energy development in Việt Nam
08:56 | 01/11/2024 Energy
Efforts made to create breakthrough in Vietnam's automobile industry
09:28 | 31/10/2024 Industry
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
Da Nang to invest additional 16 million USD into software park
17:19 | 03/11/2024 Investment
PM receives heads of leading investment firm, authority of Qatar
09:07 | 01/11/2024 Investment
Forum suggests suitable orientations for green development strategy in Lam Dong
15:44 | 31/10/2024 Investment
Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital
15:46 | 05/11/2024 Finance-Banking
Finance ministry proposes two price management scenarios for year-end
10:11 | 04/11/2024 Finance-Banking
Banking sector prioritises support for import-export firms
16:35 | 02/11/2024 Finance-Banking
Smart Banking 2024 workshop and exhibition held
15:32 | 31/10/2024 Finance-Banking
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
More accurate forecasts at all levels needed to reduce coastal disaster risk
15:07 | 04/11/2024 Environment
Nearly-98-million-USD environment project inaugurated in Ninh Thuan
10:13 | 03/11/2024 Environment
Northern region to experience first cold weather of this winter
14:30 | 31/10/2024 Environment
Technology “key” to attract FDI
09:09 | 05/11/2024 Science - Technology
HCM City partners with Google for Education in digital transformation
14:47 | 04/11/2024 Science - Technology
Việt Nam develops 'purely Vietnamese' generative AI
09:45 | 01/11/2024 Science - Technology
Vietnam’s first semiconductor expo underway in HCM City
09:36 | 01/11/2024 Science - Technology
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project
09:22 | 05/11/2024 Society
Eastern section of $1.23b southern expressway will soon be opened for use
15:03 | 04/11/2024 Society
Vietnam aims to produce innovative medicines
14:53 | 04/11/2024 Society
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Vietnamese AI firms have many chances of development
14:51 | 04/11/2024 Vietnamese Brands
Cooperatives play significant role in OCOP product development
14:45 | 04/11/2024 Vietnamese Brands
Cơ Tu ethnic’s farm produce debuts in supermarket system
09:08 | 31/10/2024 Vietnamese Brands
Calligraphy exhibition highlights literary masterpieces
10:53 | 05/11/2024 Culture
VN int’l fashion week Fall/Winter 2024 prepares to open
11:38 | 04/11/2024 Culture
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
$10-billion national target programme on cultural development officially proposed to parliament
18:02 | 02/11/2024 Culture
Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia
10:27 | 05/11/2024 Tourism
Foreign travellers' interest in northern regions still strong after typhoon
14:15 | 04/11/2024 Tourism
Ninh Bình Festival to boost historical heritages of VN’s former capitals
14:10 | 04/11/2024 Tourism
Halal tourism: tackling religious and cultural differences
17:57 | 02/11/2024 Tourism