Vietnam’s hotel room supply climbed to 1,050,000 by the end of 2023, but the shape of demand is anything but even across the country. Hanoi sits at 45,000 rooms in Q4 2023 while Phu Quoc reaches 25,000 rooms, and cities like Ho Chi Minh City and markets along the coast keep adding inventory at different speeds. This post pulls the latest Vietnam Hotel Industry statistics into one view, from star level mix and occupancy to investment flows and pipeline gaps.
Key Takeaways
- Total hotel rooms in Vietnam reached 1,050,000 by end-2023.
- Hanoi hotel room inventory stood at 45,000 rooms in Q4 2023.
- Ho Chi Minh City added 3,200 hotel rooms in 2023.
- Vietnam hotel investments totaled USD 850 million in 2023.
- Hanoi saw USD 250 million hotel deals in 2023.
- HCMC hotel transaction volume: USD 400 million 2023.
- Vietnam's hotel industry contributed approximately 8.5% to the national GDP in 2023, driven by tourism recovery.
- The total revenue of Vietnam's hospitality sector reached VND 250 trillion in 2023, up 25% from 2022.
- Hotel room supply in Vietnam grew by 12.3% year-over-year to 950,000 rooms in Q4 2023.
- Vietnam hotel occupancy in Hanoi averaged 68.5% in 2023.
- Ho Chi Minh City hotel occupancy reached 75.2% for the year 2023.
- Da Nang hotels recorded 82.4% occupancy in peak season Q4 2023.
- Vietnam's Hanoi market holds 25% of national hotel rooms.
- Ho Chi Minh City accounts for 35% of total hotel inventory nationwide.
- Da Nang represents 12% of Vietnam's hotel supply in 2023.
Vietnam’s hotel supply expanded to 1.05 million rooms by end 2023, with demand surging on tourism recovery.
Related reading
01 · Category
Hotel Supply and Inventory25 stats
01
Total hotel rooms in Vietnam reached 1,050,000 by end-2023.
02
Hanoi hotel room inventory stood at 45,000 rooms in Q4 2023.
03
Ho Chi Minh City added 3,200 hotel rooms in 2023.
04
Da Nang's hotel supply grew to 35,000 rooms, up 10% YoY in 2023.
05
Phu Quoc island hotel rooms increased by 4,500 to 25,000 in 2023.
06
Nationwide, 5-star hotels numbered 220 with 45,000 rooms in 2023.
07
4-star hotels in Vietnam totaled 450 properties with 60,000 rooms end-2023.
08
3-star and below hotels comprised 75% of total inventory at 780,000 rooms in 2023.
09
New hotel openings in 2023: 55 properties adding 12,000 rooms.
10
Pipeline for Hanoi: 10,000 rooms over next 5 years as of 2023.
11
HCMC luxury hotel supply: 15,000 rooms in 25 properties 2023.
12
Central Vietnam beach resorts added 2,800 rooms in 2023.
13
Independent hotels represent 60% of Vietnam's room supply in 2023.
14
Serviced apartments in hotel inventory: 50,000 units nationwide 2023.
15
Northern Vietnam hotel rooms: 300,000 total in 2023.
16
Southern Vietnam dominates with 450,000 hotel rooms in 2023.
17
Resort hotels: 1,200 properties with 180,000 rooms in 2023.
18
City hotels in key markets: 400,000 rooms as of 2023.
19
Renovations completed on 150 hotels adding effective 8,000 rooms in 2023.
20
Halong Bay area hotel supply: 12,000 rooms in 2023.
21
Nha Trang added 1,800 beachfront hotel rooms in 2023.
22
Branded hotel rooms grew 20% to 250,000 in Vietnam 2023.
23
Budget chain hotels: 300 properties, 90,000 rooms 2023.
24
Hanoi old quarter hotels: 5,000 rooms inventory 2023.
25
HCMC District 1 hotels: 20,000 rooms in 2023.
Interpretation
Hotel Supply and Inventory Interpretation
Vietnam's hotel industry is building an empire of rooms so vast that 75% of it is decidedly three-star and below, proving the nation's tourism strategy is less about five-star guests and more about accommodating absolutely everyone, everywhere, from Halong Bay to Phu Quoc.
02 · Category
Investment and Development26 stats
01
Vietnam hotel investments totaled USD 850 million in 2023.
02
Hanoi saw USD 250 million hotel deals in 2023.
03
HCMC hotel transaction volume: USD 400 million 2023.
04
Foreign investors accounted for 70% of hotel deals in 2023.
05
New hotel developments funded: 120 projects worth USD 3 billion pipeline.
06
South Korean investors led with 35% of Vietnam hotel FDI 2023.
07
Singaporean capital in Vietnam hotels: USD 300 million 2023.
08
Domestic investment in hotels rose to USD 200 million 2023.
09
Resort developments in Phu Quoc: USD 500 million invested 2023.
10
Hotel M&A activity: 15 transactions totaling USD 450 million 2023.
11
Da Nang investment volume: USD 150 million in hotels 2023.
12
Green hotel certifications attracted USD 100 million funding 2023.
13
Tech upgrades in hotels: USD 150 million capex 2023.
14
Luxury segment investments: 45% of total USD 382 million 2023.
15
Upscale hotels development capex: USD 250 million 2023.
16
Central Vietnam tourism infra including hotels: USD 800 million 2023.
17
Hanoi airport proximity hotels: USD 120 million developed 2023.
18
Joint ventures for hotels: 20 new in 2023 worth USD 600 million.
19
Crowdfunding platforms funded 5 hotel projects USD 50 million 2023.
20
REITs entering Vietnam hotel market with USD 100 million 2023.
21
Renovation investments: USD 300 million across 200 hotels 2023.
22
Beachfront property acquisitions: 10 deals USD 250 million 2023.
23
Northern heritage hotels restored with USD 80 million 2023.
24
HCMC integrated resorts investment: USD 1 billion announced 2023.
25
ESG-focused hotel funds: USD 120 million inflows 2023.
26
Hanoi CBD hotel yields averaged 6.8% in 2023 transactions.
Interpretation
Investment and Development Interpretation
While Vietnam’s hotel industry is practically being rebuilt by a stampede of foreign money, domestic investors are now elbowing their way into the party, signaling the local market has finally woken up and smelled the pho.
03 · Category
Market Overview and Growth30 stats
01
Vietnam's hotel industry contributed approximately 8.5% to the national GDP in 2023, driven by tourism recovery.
02
The total revenue of Vietnam's hospitality sector reached VND 250 trillion in 2023, up 25% from 2022.
03
Hotel room supply in Vietnam grew by 12.3% year-over-year to 950,000 rooms in Q4 2023.
04
International tourist arrivals boosted hotel demand by 85.7% in 2023 compared to 2022.
05
Vietnam ranked 5th in ASEAN for hotel investment volume at USD 1.2 billion in 2023.
06
The average daily rate (ADR) across Vietnam hotels increased by 18.4% to VND 2.1 million in 2023.
07
Domestic tourism accounted for 80% of total hotel occupancy in Vietnam during 2023.
08
Vietnam's hotel pipeline includes 450 new hotels with 85,000 rooms scheduled for 2024-2028.
09
Luxury hotel segment grew by 22% in revenue terms in Vietnam in 2023.
10
Midscale hotels represented 45% of total room inventory in Vietnam as of 2023.
11
Hotel EBITDA margins in Vietnam improved to 35.2% in 2023 from 22% in 2022.
12
Vietnam hotel market recovery reached 95% of pre-COVID levels by end-2023.
13
Online travel agency bookings for Vietnam hotels surged 40% YoY in 2023.
14
Vietnam's hotel industry employed over 1.2 million workers in 2023.
15
RevPAR growth in Vietnam hotels was 28.6% in 2023.
16
Budget hotel segment expanded by 15% in room count in Vietnam 2023.
17
Vietnam attracted USD 2.5 billion in hotel FDI in 2023.
18
Hotel occupancy nationwide averaged 72.4% in 2023.
19
Vietnam hotel market size valued at USD 5.8 billion in 2023.
20
Projected CAGR for Vietnam hotels is 7.8% from 2024-2028.
21
Upscale hotels saw 30% demand increase in Vietnam 2023.
22
Vietnam's hotel sector carbon footprint reduced by 12% in 2023 via green initiatives.
23
65% of Vietnam hotels adopted digital check-in by 2023.
24
Hotel construction starts rose 18% YoY in Vietnam 2023.
25
Vietnam mid-tier hotels achieved 25% revenue growth in 2023.
26
International chain hotels hold 25% market share in Vietnam 2023.
27
Vietnam hotel industry tax contributions hit VND 40 trillion in 2023.
28
Female workforce in Vietnam hotels reached 55% in 2023.
29
Vietnam hotels' average star rating increased to 3.8 from 3.5 in 2022.
30
E-commerce penetration in Vietnam hotel bookings was 45% in 2023.
Interpretation
Market Overview and Growth Interpretation
Vietnam’s hotel industry, in a triumphant post-pandemic sprint, is building rooms and racking up revenue at a blistering pace, proving that a staggering 8.5% of the nation's GDP now quite literally rests on a well-made bed.
More related reading
04 · Category
Occupancy and RevPAR30 stats
01
Vietnam hotel occupancy in Hanoi averaged 68.5% in 2023.
02
Ho Chi Minh City hotel occupancy reached 75.2% for the year 2023.
03
Da Nang hotels recorded 82.4% occupancy in peak season Q4 2023.
04
Nationwide RevPAR grew to VND 1.5 million in 2023.
05
Phu Quoc resort occupancy hit 90% during Tet 2023.
06
5-star hotel occupancy in Vietnam: 78.6% average 2023.
07
Midscale segment occupancy: 70.1% across Vietnam 2023.
08
Hanoi Q4 2023 occupancy: 72.3%, up 15% YoY.
09
HCMC RevPAR: VND 2.3 million in 2023.
10
Da Nang ADR: VND 2.8 million, occupancy 80.5% 2023.
11
Budget hotels occupancy: 65.4% nationwide 2023.
12
Luxury RevPAR in Hanoi: VND 4.1 million 2023.
13
Peak month (Dec 2023) national occupancy: 85.2%.
14
Off-peak Q1 2023 occupancy: 55.7% average.
15
Phu National Park area RevPAR: VND 3.2 million 2023.
16
4-star hotels RevPAR growth: 32% YoY in 2023.
17
Central region occupancy: 76.8% in 2023.
18
Northern Vietnam RevPAR: VND 1.2 million average 2023.
19
Southern hotels occupancy: 74.1% 2023.
20
Resort RevPAR nationwide: VND 2.5 million 2023.
21
City hotels in HCMC: 77.3% occupancy 2023.
22
Weekend occupancy premium: +12% over weekdays in 2023.
23
International guest occupancy share: 35% in 2023.
24
Domestic RevPAR contribution: 65% total in 2023.
25
MICE events boosted occupancy by 10% in key cities 2023.
26
Hanoi business hotels: 70.2% occupancy 2023.
27
Da Nang leisure RevPAR: VND 3.0 million 2023.
28
Vietnam hotel total revenue from rooms: VND 180 trillion 2023.
29
F&B revenue per occupied room: VND 450,000 average 2023.
30
Overall GOPPAR in Vietnam hotels: VND 2.1 million 2023.
Interpretation
Occupancy and RevPAR Interpretation
Vietnam's hotels have mastered the art of the revenue rollercoaster, where luxury properties and coastal resorts cash in on high-spending peaks, while the budget and midscale segments grind out a steady, if less glamorous, occupancy from domestic travelers who keep the lights on when the international crowds thin out.
05 · Category
Regional Distribution and Trends28 stats
01
Vietnam's Hanoi market holds 25% of national hotel rooms.
02
Ho Chi Minh City accounts for 35% of total hotel inventory nationwide.
03
Da Nang represents 12% of Vietnam's hotel supply in 2023.
04
Phu Quoc island: 8% of national resort rooms in 2023.
05
Nha Trang-Khanh Hoa: 10% of beach hotel rooms 2023.
06
Northern region (Hanoi incl.): 30% total rooms 2023.
07
Southern region (HCMC incl.): 40% of hotel supply 2023.
08
Central Vietnam: 25% share of national hotel rooms 2023.
09
Halong Bay-Quang Ninh: 4% of total rooms, focused on resorts.
10
Hoi An-Ancient Town hotels: 3,500 rooms, 2% national share.
11
Mekong Delta emerging with 2% room growth rate above national avg.
12
Hanoi French Quarter: 15% of city rooms, luxury focus.
13
HCMC District 7-Phu My Hung: 10% city supply growth area.
14
Da Nang Son Tra peninsula: 40% local resort rooms.
15
Phu Quoc Duong Dong town: 50% island hotel concentration.
16
Sapa-Lao Cai mountain resorts: 1.5% national, high growth.
17
Vung Tau: 5% southern beach rooms, weekend trend strong.
18
Can Tho Mekong hub: 2,000 rooms, 1% national share.
19
Quy Nhon-Binh Dinh emerging: 3% central growth 2023.
20
Hue imperial city hotels: 1,200 rooms, cultural tourism driver.
21
Con Dao islands boutique hotels: 1,000 rooms, luxury niche.
22
Hanoi West Lake area: 20% luxury rooms in city.
23
HCMC Riverside: 12% occupancy premium over city avg.
24
My Khe Beach Da Nang: 60% local beachfront rooms.
25
Bai Dai Phu Quoc: 30% new resort developments.
26
Cat Ba island emerging trend: 800 rooms, +25% YoY.
27
Dalat highlands: 4,000 rooms, cool climate draw.
28
Bien Hoa Dong Nai industrial hotels: 1,500 rooms proximity.
Interpretation
Regional Distribution and Trends Interpretation
Vietnam’s hotel landscape is clearly a lively tug-of-war between the two urban giants of Hanoi and Ho Chi Minh City, with every coastal, cultural, and emerging region elbowing for a piece of the tourist pie.
Reference
Cite This Report
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APA
Kevin O'Brien. (2026, February 13). Vietnam Hotel Industry Statistics. Gitnux. https://gitnux.org/vietnam-hotel-industry-statistics
MLA
Kevin O'Brien. "Vietnam Hotel Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/vietnam-hotel-industry-statistics.
Chicago
Kevin O'Brien. 2026. "Vietnam Hotel Industry Statistics." Gitnux. https://gitnux.org/vietnam-hotel-industry-statistics.
Sources & references
29 datasets cited across this report · attribution is report-level