Minor Hotels Vietnam has so far been a resort business, and now it wants a city network. All four of its operating properties are in leisure markets: Hoi An, Mui Ne and two in Quy Nhon. Its next step is Avani+ Hanoi, a 310-key hotel due in 2028, and Minor told Skift that Ho Chi Minh City is also on its list. The timing makes sense on supply. Ho Chi Minh City is adding very few rooms, Hanoi’s additions are small next to the coast’s, and Da Nang and Phu Quoc lead the pipeline, according to Savills.
For city owners, that is a sign that operator interest is turning their way. For resort owners, it is a reminder of how much coastal supply is coming.
Key facts
- Minor in Vietnam today: Anantara Hoi An Resort, Anantara Mui Ne Resort, Anantara Quy Nhon Villas and Avani Quy Nhon Resort, plus The Vietage by Anantara rail carriages
- First city hotel: Avani+ Hanoi, 310 keys, Hinode City in Bach Mai Ward, due 2028
- Owner: Trading Construction Works Organization, through its subsidiary Gerbera-II Hospitality
- Target guests: corporate, meetings, domestic and long-stay, according to Minor
- Ho Chi Minh City: about 17,000 rooms in Savills’ sample, occupancy above 70%, ADR VND 2.4 million, up 20% (Q2 2026); no new midscale-and-above supply in Q2, according to JLL
- Hanoi: occupancy 70% in Savills’ Q2 sample of 10,967 rooms; about 1,900 new rooms in 2026
Cities are tight, the coast is crowded
| Market | Current supply and trading | New supply |
|---|---|---|
| Ho Chi Minh City | About 17,000 rooms; occupancy above 70%; ADR up 20% (Savills, Q2 2026) | About 900 four- and five-star rooms by 2029 |
| Hanoi | 10,967 rooms in Savills’ sample; occupancy 70% (Q2 2026) | About 1,900 rooms from six projects in 2026, five of them five-star |
| Phu Quoc | 26,461 rooms of all types at end-2024 | About 17,400 rooms and serviced apartments planned by Sun Group in 2026–27 |
Takeaway: one developer’s Phu Quoc plan is about six times the new supply the two biggest cities expect, which is why operators see room to grow in the cities.
The time frames differ, and the Phu Quoc figure includes serviced apartments, so this is a scale comparison, not a like-for-like count. Our Sun Group–Marriott story breaks down the Phu Quoc plan.
Demand is there, but not only in cities
Hanoi received 18.01 million visitors in the first half of 2026, up 15.7%, including 4.64 million international visitors, up 26.8%, according to the Ministry of Culture, Sports and Tourism. Domestic travel is the bigger pool: the national tourism authority projected 135.5 million domestic trips in 2025 and targets 150 million in 2026.
But resort markets are not stalling. In January–August, accommodation and food revenue grew 21.4% in Da Nang and 20.4% in Khanh Hoa, against 14.4% in Hanoi and 13.9% in Ho Chi Minh City, according to the National Statistics Office. Our view: Minor is spreading risk, not leaving the coast.
What it means for owners and operators
1. City owners have more operator choice
Minor joins a busy Hanoi line-up. LÈGACY and Shilla Monogram open this autumn, and Wink, Co Loa Marriott and Waldorf Astoria are further back, as covered in our October openings roundup and Shilla Monogram story. Owners of well-located mixed-use sites can expect competitive management terms.
2. Mixed-use is the entry route
Avani+ Hanoi sits inside Hinode City, a development with 1,099 apartments. Our view: in tight city markets, more new hotels will arrive inside larger developments rather than as standalone towers. Owners should plan for shared amenities and long-stay demand from the start.
3. Hanoi is not empty
About 1,900 new rooms in 2026 is roughly 17% of the 10,967 rooms in Savills’ Hanoi sample, by our calculation, and five of the six projects are five-star. The sample is not the whole market, but upper-tier Hanoi hotels should expect more competition next year, even before Avani+ arrives.
4. Existing Ho Chi Minh City hotels keep pricing power, for now
With little new supply, existing hotels in Ho Chi Minh City have held occupancy and pushed rate. Our view: use the next two years to renovate and reposition, before more branded rooms arrive towards 2029.
5. Resort owners: plan for the pipeline
Savills told Skift that Da Nang and Phu Quoc lead Vietnam’s three-year pipeline. Nationally, CoStar counts 38,354 rooms under construction, 94% of them upscale or luxury, as set out in our Vietnam hotel market report.
What to watch
- A Ho Chi Minh City signing from Minor, and which brand it uses
- Whether Hanoi’s 2026 openings dent occupancy in 2027
- Savills’ Q3 city briefs for rate growth once new rooms open
- Phu Quoc absorption after APEC 2027
FAQ
How many hotels does Minor Hotels have in Vietnam?
Four: Anantara Hoi An Resort, Anantara Mui Ne Resort, Anantara Quy Nhon Villas and Avani Quy Nhon Resort. Avani+ Hanoi, due in 2028, will be the fifth.
When does Avani+ Hanoi open?
In 2028, according to Minor Hotels. It will have 310 keys.
Is Ho Chi Minh City short of hotel rooms?
New supply is thin. JLL recorded no new midscale-and-above rooms in Q2 2026, and Savills expects only about 900 four- and five-star rooms by 2029, with occupancy already above 70%.
