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
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Bản in : Room rates at five-star hotels unlikely to rise in HCM City
With three new five-star hotels to be put into service this year, the high-end accommodation supply in Ho Chi Minh City will be abundant and the room rates may not increase, according to a local newspaper. The Saigon Times Daily quoted Tao Van Nghe, Chairman of the HCM City Hotels Association, said this southern economic hub currently has 13 five-star hotels supplying over 4,000 rooms. The average occupancy rate of such hotels was quite high last year, at 70 percent, but the room rates did not increase compared to 2012. The accommodation supply of five-star hotels will be more plentiful with the three new hotels on Nguyen Hue, Ton Duc Thang and Tran Hung Dao streets. “With the current number of tourists and businessmen, the five-star hotel segment will have sufficient rooms and it is unlikely that the room rates will rise in the new year,” Nghe told the daily on the sidelines of the grand opening of the five-star Pullman Saigon Centre on Tran Hung Dao Street recently. … [Read more...] about Bản in : Room rates at five-star hotels unlikely to rise in HCM City
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
City hotels find ways to give back to the community
City hotels find ways to give back to the community (19-12-2008) Money for those in need: The general managers of 11 hotels in HCM City raised VND137 million at a charity event yesterday. — VNS Photo HCM CITY — Eleven HCM City hotels collected VND137 million (US$80,000) from a Christmas charity event they hosted at the New World Hotel Saigon yesterday. An annual initiative, it was started a few years ago when, instead of sending Christmas cards to clients, they contributed an equivalent amount of money into a joint fund for charity. "The stipulation is that the charity must be transparent and that the funds preferably be assigned to a specific project that can be monitored," John Gardner, general manager of Caravelle Hotel, said on behalf his colleagues. "Each year a different charity has been chosen and this year we have collectively decided to support Saigon Children's Charity." It is an organisation that helps children born into poverty cope with problems. "We … [Read more...] about City hotels find ways to give back to the community
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