Phu Quoc’s peak-season hotel occupancy has surged above 90%, but a massive supply boom will test whether the momentum can last. CBRE says room-night demand must grow about 10% a year through 2030 just to maintain current occupancy — a tougher task after APEC 2027.
The surge in hotel room demand is mainly due to Phu Quoc's increasing popularity as a tourist destination, especially with upcoming events like APEC 2027.
After APEC 2027, Phu Quoc may struggle to maintain high occupancy rates, as a significant increase in hotel supply could exceed current demand.
According to CBRE, room-night demand must grow about 10% per year through 2030 to sustain the current occupancy levels in Phu Quoc.