H i Q tl R t Q4/2011 Hanoi Quarterly Report Q4/2011 AGENDA - CBRE

HOTELFuture Supply (rooms) by Current StatusUnder construction Construction not commenced4,0003,0002,0001,00002012f 2013f 2014+•OUTLOOK• Future Supply− Novotel o Hanoi on the Park project will be moved to Pham Hung− Roughly 1,000 5-star rooms will come onstream in 2012− Some projects might defer their opening, depending on themarket condition by that time.• Outlook− Tourism: International arrivals to Hanoi might keep increasing in2012 but at low pace vs decreasing trend in domestic arrivals− 2012 might be a challenging year for hotel industry (economicdownturn, business trips cut, airfare surge...)• 3-star: remains stable in operation performance• 4-star: lacks recognized brands thus might face hard time• 5-star: some hotels will have stable operation while someothers might face difficulties & need restructuring t / rebranding;Hotel de l'Opera HanoiThe latest member of Accor'sMGallery Collection23 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JAN 2012For further information and order details, please contact…quarterlyreports@cbrevietnam.comcomQ4/2011 releasedFriday, Jan 20, 2012© 2012 CB Richard Ellis (Vietnam) Co., Ltd. This report has been prepared in good faith and with due care by CB Richard Ellis (Vietnam) Co., Ltd. We obtained some of theinformation above from sources we believe to be reliable. However, we have not verified the accuracy of the information which we obtained from other sources and makeno guarantee, warranty or representation about it. We include projections, opinions, assumptions or estimates which are made with careful consideration of factors knownto us for example only, and they may not represent current or future performance of the market. This information is designed exclusively for use by CB Richard Ellisclients, and cannot be reproduced without prior written permission of CB Richard Ellis.24 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JAN 2012