# Ho Chi Minh City hotel stock hits 25,500 rooms

- **Source:** Real Estate Asia
- **Published:** 2026-08-21T01:13:24.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-hotel/news/ho-chi-minh-city-hotel-stock-hits-25500-rooms
- **Topics:** Investment & Capital Markets

## Featured rationale

Constrained supply and steady tourism demand signal sustained operator pricing power, which may support further ADR and RevPAR growth through H2 2026.

## AI summary

Ho Chi Minh City’s hotel RevPAR rose more than 15% year-on-year in H1 2026, while Q2 added no new supply to its 25,500-room stock.

## Original article

There are 265 properties across midscale and higher segments.

Ho Chi Minh City's hotel market recorded RevPAR growth of more than 15% year-on-year in the first half of 2026, with constrained new supply supporting operators' pricing power, according to JLL.

No new hotel supply entered the market in Q2, leaving the city with approximately 25,500 rooms across 265 operational properties in the midscale and higher segments. JLL said the stable supply base has supported market fundamentals amid steady demand.

The market also retains substantial potential for repositioning. Around 60% of properties remain unbranded, according to JLL, creating opportunities for owners to capture additional value through repositioning and brand affiliation as international hotel operators expand their presence in the city.

H1 performance remained strong despite the normalisation of seasonal demand following the Lunar New Year peak. JLL said RevPAR increased more than 15% year-on-year, demonstrating continued pricing power.

Quarter-on-quarter performance moderated as holiday-related demand effects faded, but average daily rates remained strong while occupancy was stable. JLL said the combination indicates that operators have been able to sustain elevated room rates despite more normal seasonal conditions.

The supply outlook remains tight through the end of 2026. Project delays have pushed most new developments into 2027, including Best Western Central Home Saigon and Caption by Hyatt Saigon, JLL said.

With supply growth effectively stalled and tourism demand continuing to support the market, JLL expects ADR and RevPAR to maintain positive growth through the second half of 2026, particularly during upcoming peak travel periods.

## Chinese translation

> Translation model: openai_codex_cli

### 胡志明市酒店存量达到25,500间客房

2026年上半年，胡志明市酒店市场每间可出租客房收入（RevPAR）同比增长超过15%，受限的新供应支撑了运营商的定价能力

中端及以上细分市场共有265处物业。

根据JLL的数据，2026年上半年，胡志明市酒店市场每间可出租客房收入（RevPAR）同比增长超过15%，受限的新供应支撑了运营商的定价能力。

第二季度没有新的酒店供应进入市场，使该市中端及以上细分市场中约有25,500间客房，分布在265处运营中的物业。JLL表示，在需求稳定的背景下，稳定的供应基础支撑了市场基本面。

该市场也保留了大量重新定位的潜力。根据JLL的数据，约60%的物业仍未挂靠品牌，随着国际酒店运营商扩大其在该市的布局，这为业主通过重新定位和品牌加盟获取额外价值创造了机会。

尽管农历新年高峰后季节性需求正常化，上半年表现仍保持强劲。JLL表示，RevPAR同比增长超过15%，显示出持续的定价能力。

随着与假期相关的需求效应消退，环比表现有所放缓，但平均每日房价保持强劲，入住率稳定。JLL表示，这一组合表明，尽管季节性条件更加正常，运营商仍能够维持较高房价。

到2026年底，供应前景仍然偏紧。JLL表示，项目延误已将大多数新开发项目推迟至2027年，包括Best Western Central Home Saigon和Caption by Hyatt Saigon。

在供应增长实际上停滞、旅游需求继续支撑市场的情况下，JLL预计平均每日房价（ADR）和RevPAR将在2026年下半年保持正增长，尤其是在即将到来的旅游高峰期。