Hotel room rates rise as tourism revives

Average rent in the city was hovering around $70 a room per night in the first quarter, up 3 percent quarter-on-quarter and 20 percent against last year, according to real estate consultancy Cushman & Wakefield Vietnam.

Occupancy rates rose to 30 percent, up 10.2 percentage points from last quarter, driven by the recovery of domestic tourism starting from Tet, the Lunar New Year festival in February.

In March, supply of high-end hotels (four and five stars) also recovered to the pre-pandemic level of 11,000 rooms. Da Nang also expects to add 4,000 rooms from 19 private hotels to its inventory in the next three years.

Da Nang, with its beautiful beaches and other stunning tourist sights, targets 3.32 million domestic tourists and 180,000 foreign visitors this year.