A tour guide shows local products to foreign tourists at Ben Thanh Market in HCM City. (Source: VNA) HCM City (VNA) - Average hotel occupancy rate in Ho Chi Minh City reached 74 percent in the first quarter, increasing by 6 percentage points from the same period last year. According to a report by real estate company Savills Vietnam, average room rate rose by 4 percent to 83 USD per night, as all local three- to five-star hotels introduced higher rates for the first time in three years. The supply of hotel accommodations grew 2 percent on year, offering more than 16,500 rooms from 133 projects. Savills Vietnam said by 2020, 14 new projects will add to the market about 3,500 rooms. In the first three months of 2018, the southern economic hub welcomed 1.98 million foreign arrivals, an annual increase of 15.6 percent. Tourism services revenue earned during the period exceeded 31.7 trillion VND (1.39 billion USD), up 14.4 percent on year. The first quarter also saw 394 travel … [Read more...] about HCM City hotel market bounces back in Q1
Hcm city hotel
HCM City hotels hit by rising competition – Hotels & Restaurants – Travel
The Hanoitimes - Both occupancy rate and revenue per available room (RevPAR) of hotels in HCM City fell slightly in the third quarter due to increase in room numbers and lower demand. Both occupancy rate and revenue per available room (RevPAR) of hotels in HCM City fell slightly in the third quarter due to increase in room numbers and lower demand. According to a survey by property services provider Savills Vietnam, the average occupancy was 60 per cent, down 2 per cent from the previous quarter and 5 per cent year-on-year. The average room rate (ARR) was at VND1.75 million (US$83)/room/ night, a slide of 1 per cent and 6 per cent and the lowest rate in the last four years. RevPAR for all three grades decreased, with the three-star segment seeing the sharpest drop of 8 per cent quarter-on-quarter, followed by 6 per cent for the four-star segment, and 2 per cent for five-star. One new four-star hotel and 95 additional rooms in an existing three-star hotel in District 1 entered … [Read more...] about HCM City hotels hit by rising competition – Hotels & Restaurants – Travel
HCM City Hotels Prepare For Five-Star Makeover
With HCM City attracting an increasing number of well-heeled foreign tourists, many luxury hotels are planning to upgrade their facilities and improve human resources. The number of affluent visitors is on the rise thanks to the construction of the trans-Asia highway, upgrading of many border gates in the Mekong Delta and southeastern region, and the efficiency of the tourism industry's marketing of caravan tours. However, the director of the city's Department of Tourism Dong Thi Kim Vui, has warned about the serious shortage of high-class rooms, pointing out that many tourists canceled their visits because of the unavailability of luxurious rooms. Explaining the boom in the arrival of wealthy foreigners, Nguyen Huu Tho, general director of giant tourism company Saigontourist, said they came not only for traveling, but also to attend trade promotion programs and exhibitions. The recent furniture and handicrafts fair held at the Phu Tho Gymnasium, for instance, had attracted … [Read more...] about HCM City Hotels Prepare For Five-Star Makeover
HCM City hotels host New Year countdown parties
HCM City hotels host New Year countdown parties DJ Faith from Kuala Lumpur. A number of HCM City-based hotels are holding countdown parties to welcome the New Year. Female DJ Faith from Kuala Lumpur will present a special performance on New Year's Eve at Sheraton Saigon Hotel & Towers' Level 23 Nightspot, while Filipino band Sound On Fire will perform at the countdown party at the hotel's The Lounge. Sofitel Saigon Plaza will host a countdown party at a rooftop pool with a live music performance by local DJs. All the events are scheduled for New Year's Eve. Guns N' Roses tribute night Fans of the American hard rock band Guns N' Roses shouldn't miss a tribute concert to the legendary band hosted by Hanoi Rock City tonight. Local band Nevermind will relive the early 1990s with a repertoire featuring more than 20 songs by the American hard rock band such as Civil War and Welcome to the Jungle. The show will start at 8pm at Hanoi Rock City (27/52 To Ngoc Van Street, Tay Ho … [Read more...] about HCM City hotels host New Year countdown parties
HCM City hotels get into the Tet swing of things
HCM City hotels get into the Tet swing of things (24-01-2009) by Vo Le Hong Just lion around: The New World Hotel will host a lion dance. — File Photos Tet, the Vietnamese Lunar New Year, is the most impor tant festival in Viet Nam. It is a time for family unions and reunions as people travel from far and wide to be with their loved ones in their homeland. It is also a time when everyone enjoys sumptuous traditional Tet's specialties. Leading hotels nationwide have also got into the act, offering special buffets and events to welcome the Year of the Buffalo. A HCM City sampling follows. Duxton Hotel Sai Gon The Duxton Hotel Sai Gon has prepared a special buffet to serve diners from 23-29 January, and an extra special one on the Lunar New Year Day (which falls next Monday). There will also be a traditional lion dance at the hotel from 8am - 10am. The lion dance is an important tradition believed to bring good luck and happiness. The dance will have 40 people to become four … [Read more...] about HCM City hotels get into the Tet swing of things