The luxury hotel market is booming
Market research results of CBRE Vietnam show that the total number of visitors staying in Da Nang in the first 6 months of the year reached 5.8 million. In turn, an increase of 18.9% over the same period has created great demand for real estate segments. Resorts, apartments and luxury hotels in Danang.
Modern tourism trends such as night tourism, city walk along the Han River, and spa tourism Health care and international events are also contributing to the value and diversity of products. Real estate in Da Nang.
According to a survey by CBRE Vietnam, in the first half of 2025, Da Nang will have 2 new hotel projects including Courtyard Danang Han River (300 rooms) and Wyndham Soleil Da Nang (261 rooms), thereby increasing the total number of 4-5 star hotel rooms in Da Nang to 18,610 rooms from 95 projects.
In the first 6 months of 2025, the occupancy rate of 4-5 star hotels reached 65.5%, an increase of 4.8 percentage points compared to the pre-Covid-19 period. The average room rate recorded a growth of 2% compared to the same period in 2019, reaching 112 USD/room/night.
Ms. Duong Thuy Dung - Director of Research Department of CBRE Vietnam said that new supply from hotels helps the market become more vibrant, the operating situation is expected to continue to maintain a stable level.
In the period of 2025 - 2027, with the context of Da Nang and Quang Nam merging into the new Da Nang city, the supply of hotels with reputable management and operation units will be more diverse, with new brands such as Mandarin Oriental, JW Marriott, Nobu Hospitality... The presence of many professional management units helps to enhance the position of the high-end hotel market in Da Nang.
At the same time, Savills Vietnam recorded that the supply of 3-star or higher hotels in Da Nang reached a total of 16,949 rooms in 120 projects.
Mr. Troy Griffiths, Deputy General Director of Savills Vietnam, said that the strong recovery of tourism in Da Nang with hotel room occupancy reaching 78% in the first half of 2025 is opening up many attractive investment opportunities in the tourism real estate category.
Unlike office properties, which generate relatively stable but limited cash flows, tourism real estate creates a broader ripple effect on the economy. It promotes job creation, attracts investment in infrastructure, and supports a range of related service industries from food and transportation to entertainment and consumption.
Mr. Troy Griffiths, Deputy General Director of Savills Vietnam
Challenges and expectations in the resort real estate market
In addition to the bright spots, the resort real estate market in Da Nang in the first 6 months of 2025 continues to face a shortage of new supply, especially in the resort villa segment. According to CBRE Vietnam, the total cumulative condotel supply currently reaches 7,688 units in 18 projects, while the supply of tourist villas remains stable with 815 units from 14 projects.
According to Ms. Duong Thuy Dung, one of the reasons is that the legal issues of some projects have not been resolved, leading to the market not having enough recovery waves while the total selling price of new projects is relatively high, leading to a limited customer base compared to the previous period.
Mr. Troy Griffiths commented that the real estate market has recently recorded many projects being delayed or suspended. A typical example is the condotel segment falling into a "frozen" state since 2019 when legal problems persisted and investor confidence in profit commitment programs declined sharply.
However, Savills Vietnam leaders also pointed out positive signals in terms of policy. “The 2023 Housing Law officially recognizes condotel ownership, while Decree 10/2023/ND-CP specifies the conditions for granting certificates. These steps are gradually removing legal bottlenecks, creating a foundation for the market to flourish again. This is a welcome step forward,” said Mr. Troy Griffiths.
Regarding the coastal villa segment in the coming time, Mr. Troy Griffiths said that after the merger, Da Nang city now owns the longest coastline in Vietnam with more than 215 km - creating a continuous tourism corridor from Son Tra to Chu Lai. This forms a new growth pole, increasing the city's attraction to coastal real estate investors.
Source: https://baodanang.vn/bat-dong-san-du-lich-da-nang-chuyen-minh-3298552.html
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