Asia -  Hanoi, Vietnam

In 2014, Hanoi’s hotel market weathered a period of particularly low demand as a result of a significant decline in Chinese visitors arising from political tensions and conflict over Vietnam’s maritime borders. However, in 2015, the market recovered on the back of strong demand from Korea and a partial recovery in demand from China and other European feeder markets. Coupled with negligible supply, the capital city, exhibited a healthy increase in valuation to the effect of 17.2% in USD terms.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Hanoi RevPAR Change

Hanoi RevPAR

Year RevPAR
2013 72.19
2014 69.33
2015 74.80
2016 77.05
2017 (f) 81.01
2018 (f) 80.63

For more information, please contact:

Hok Yean CHEE
hychee@hvs.com
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
mlho@hvs.com
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)