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International visitors to Danang in the first half of 2019 reached 1.8 million, up 26% year on year - a high growth rate. Besides, domestic demand is very stable with 2.5 million visitors, up 8.3% year on year. The accessibility easily by air in recent years has been a great support for Danang tourism. International tourists arriving in Danang by air in the first 6 months of 2019 reached 1.5 million passengers, up 45.8% year on year.
According to the Department of Tourism of Da Nang, as of July 2019, there were a total of 48 international routes to Da Nang with the frequency of 462 flights / week and 11 domestic routes with the frequency of 665 flights / week, 31 routes chartered with 63 flights. /week. Da Nang has just opened a new charter flight Russia - Da Nang. Accordingly, from March to September 2020 onwards, there will be Russian-Danang charter flights operating with a frequency of 10 days / trip, the expected number of passengers is about 3,000 passengers / month.
The entry of new airlines and routes boost demand for the hotel market. Not only increased the number of tourists, the average length of stay of international visitors in Da Nang was quite stable, reaching 2.7 days (according to Savills). These are important data showing that the hotel market's development potential is huge.
While, the actual market supply of hotels has not met the demand, especially the mid-range 3-4 star hotel segment.
Savills' report also stated that tourism has boosted the retail sector. The total supply of retail space in Danang as of the first half of 2019 is approximately 212,000 m2, an increase of 20% year on year. The market not only focused on the commercial center but also diversified and evenly developed in both downtown and coastal areas with the participation of three projects in Hai Chau and Ngu Hanh Son districts. Retail sales reached VND 27.4 trillion, up 13% year on year. F&B industry is full of potential, many F&B brands have not yet entered the Hanoi market, but are already present in Da Nang.
Therefore, this is the "golden time" for doing business with 3-4 stars hotel as well as tourism services.
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? Hotline: +84 38899 101 | Email: [email protected]
? Project information: https://charmington.org/aria-da-nang.html