Hanoi to have additional three five-star hotels

The Hanoi hotel market now has 57 three to five-star hotels with approximately 8,150 rooms, up 4 percent quarter on quarter and 5 percent year on year, reported Savills Property Company.
The additional supply came from three three-star and four-star hotels with approximately 200 rooms that were officially ranked in the first quarter this year. In addition, an existing five-star hotel in the western city added more rooms to the market.
Visitor arrivals to Hanoi in the first quarter were estimated at 5.58 million, in which international arrivals were 705,000, up 15 percent year on year, reported the Savills.
According to Savills, the average number of occupied rooms in this quarter was 4,800, a 5 percent rise quarter on quarter and a 10 percent increase year on year. Five-star hotels accounted the largest share at 52 percent.
In the remaining quarters, the market will receive 36 projects. In which, 20 projects with confirmed supply will provide approximately 5,900 rooms.
Between the second quarter of 2014 and 2016, five projects supplying approximately 1,300 rooms are expected to enter the market. Three of them are five-star projects with 1,100 rooms at 26 percent of the current five-star stock. All five projects are either under construction or fitting-out, said the property company./.