According to CBRE Viet Nam’s Global Research and Consulting Department, Da Nang’s seaside tourist resorts and hotels recorded a positive growth in the 3^rd quarter of this year despite the current economic difficulties.  Local beach resorts attracted a large number of customers during the period, although their service prices are higher than those of Ho Chi Minh and Ha Noi.  In detail, the city’s 5-star beach hotels cost 153.75 USD on average per room per night, an increase of 44.8% over last year.  These properties have done better than expected and are emerging as attractive destinations for visitors from China, Japan and European countries.

The Deputy Director of the Capital Market Division of CBRE Viet Nam, Mr Adam Bury, said that the result was driven by the good performance of Da Nang’s seaside resorts and hotels.  He added that the opening of numerous direct flights between Da Nang and some international destinations has helped to bring more foreign visitors to the city. 

Luxury hotels and apartment buildings are under construction along Hoang Sa Street

Da Nang, with its stunning beauty and improved infrastructure, has quickly become one of the hottest vacation destinations in Viet Nam.  According to the Department of Culture, Sports and Tourism, the city is likely to welcome about 700,000 international visitors by the end of this year, 140,000 of whom will come from China.

According to CBRE Viet Nam, although real estate markets in other localities nationwide are still facing many difficulties during 2013, the market in Da Nang is rebounding and the city’s tourism properties are attractive to investors.  For example, the Bao Phuoc Company, developer of the Fusion Maia resort, has been given approval from the city’s authorities to expand its seaside area by 1,000 square metres to build a water sports area.  This project will link with a foot tunnel under Hoang Sa Street.  In addition, the Japanese developer of the Pulchra Resort has asked permission from local government to build 21 new villas and houses which will re-create the images of the old town of Hoi An, along with 6 areas for providing spa services and beach sports activities.  The Sandy Beach Resort is also planning to build more villas and a new meeting hall.

Making investments in Da Nang’s seaside tourism projects has brought positive results.  In particular, local holiday resort services have become one of the city’s strengths, and investors in this aspect are predicted to gain more success in the coming years.