Hospitality Market Recovery: Tourism Rebounds
News Context
At a glance
- Vietnam's hotel sector is demonstrating remarkable resilience, exceeding pre-pandemic levels in some key metrics.
- The average occupancy rate in Hanoi is expected to top 78% this year, a significant increase from 45% in 2022, according to a recent report by property consultancy...
- Average hotel tariffs in Hanoi have also made a dramatic recovery as 2022, following declines in 2020 and 2021 due to the pandemic.
Vietnam’s Hotel Industry Sees Dramatic Recovery in 2024
Table of Contents
The Recovery: Key Statistics
The average occupancy rate in Hanoi is expected to top 78% this year, a significant increase from 45% in 2022, according to a recent report by property consultancy Avison Young. This represents a full recovery in accommodation demand.
Average hotel tariffs in Hanoi have also made a dramatic recovery as 2022, following declines in 2020 and 2021 due to the pandemic.
