Asia -  Hanoi, Vietnam

For a comprehensive review of the Asia market, click below:
HVS In-Depth Asia Hotel Valuation Index:   2018 | 2016

The Hanoi hotel market is the top performing Southeast Asia market with high occupancy levels and increasing average rates. This is due to the high demand growth supported by the launch of new tourism campaigns, creation of new touristic attractions and improvement of the existing ones, and improvement of the city infrastructure. Hanoi’s international arrivals grew by approximately 22% and 23% in 2016 and 2017 respectively over previous years and will likely continue on in the same trend in 2018, a testament of the growing attractiveness of Hanoi as a leisure destination. HVI estimates the hotel values in 2017 to increase by approximately 17.4% and 19.6% in USD and VND respectively over the previous year. For the first half of 2018, Hanoi hotel market experienced its first ever decrease in occupancy due to the entrance of significant new supply into the market. New supply will likely continue to grow with 3,450 rooms entering the market over the next 5 years, however the strong demand growth is expected to absorb this new supply and, therefore, hotel values are expected to remain stable in Hanoi over the next few years.

Change In Value For Market:

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 78.53
2017 86.57
2018 79.76
2019 81.29
2020 (f) 82.63

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)