CBRE: hotel investment 3pct more profitable than office and retail space

Hotel segment in Hanoi and HCM City has experienced fairly remarkable performance despite the stagnant property market, according to CBRE.
The agency’s report in late September reveals that the profits of hotel investment could be 2-3 percent higher than that in office and retail space. The room capacity in these two cities is anticipated to pick up at least 5-10pct over the previous year.

Robert McIntosh, Managing director of CBRE Hotels Asia Pacific expressed strong confidence in the prospects of hotel investment in Vietnam particularly for long-term investors. The hotel segment has seen rapid recovery in the wake of Asia’s financial crisis with the revenue growth increase of at least 20pct compared to the pre-crisis period.

Three-star hotels have by far proved their competitive advantages with outstanding operational efficiency in the context of currently soaring lending rates. – Source: Vietbiz24.com

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by VBN on Oct 5 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry