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...]
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 … [Read more...]
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, … [Read more...]
Cuban musicians to rock HCM City hotel
The Cuban pop band Havana Revolution will perform a wide variety of Latin music during a concert in HCM City next week. Hola: The Cuban seven-member Havana Revolution will perform at HCM City’s Sheraton Saigon Hotel. — VNS Photo Classic Latin ballads and pop songs like Cuba, Killing Me Softly and Lambada will be included in the repertoire. The seven-member Havana Revolution Band, which was founded in 1998, includes two salsa instructors, a classical pianist, a bass player, a percussionist and pianist who specialises in Latin music, and a choir specialist. They have toured throughout Asia, the Middle East and North America. The band will perform at the Sheraton Saigon Hotel at 7pm from August 24-27. Source: VNS … [Read more...]
Guests flee HCM City hotel fire
Dozens of guests fled from a HCM City hotel in terror on January 5 morning after a mobile phone exploded and caused fire. At 6:45am, local residents discovered that black smoke was pouring out of a second-floor window of Van An 2 Hotel on Nam Ky Khoi Nghia Street. The manager ran to each room to inform the guests. Many guests left their belongings behind in order to escape the hotel quickly. Hotel staff tried to put out the fire to no avail. Six fire trucks and 32 fire fighters were sent to the site later and put the fire under control in 30 minutes. No one was hurt but the fire destroyed most of the guests' belongings. Initial investigation showed that a mobile phone was charging in room 201 and exploded. The fire spread to the mattress before covering the whole room. … [Read more...]
HCM City hotel and apartment towers open
InterContinental Hotels Group (IHG) inaugurated the Intercontinental Asiana Sai Gon hotel and InterContinental Asiana Sai Gon Residences in HCM City on Sept. 9. They are, the first international luxury hotels to open in the city in the last four years and the first residential property under the InterContinental brand in Asia Pacific. The two towers are part of the Republic of Korea-invested complex project Kumho Asiana Plaza , which is located on the downtown land lot bordering Le Duan, Hai Ba Trung, Nguyen Du and Le Van Huu streets in District 1. The complex contains an up-market commercial accommodation and shopping arcade, and several restaurants and bars – which will include a Hard Rock Cafe. The hotel features 305 rooms and suites. It also has extensive meeting facilities, including eight meeting rooms and the largest Grand Ballroom in the downtown area, which can cater up to 600 persons, with indoor and outdoor pre-function spaces. The hotel ahs a spa and a health club … [Read more...]
HCM City hotels hit by rising competition
VietNamNet Bridge – 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 the market. As of the third quarter there were more than 12,100 rooms in 90 hotels, a 2 per cent increase quarter-on-quarter and 5 per cent … [Read more...]
HCM City hotel supply to rise by 2 per cent
The supply of three- to five-star hotel rooms in HCM City is expected to rise 2 per cent this year with a four-star property set to begin operations later this year, according to Savills Vietnam. Ho Chi Minh City. — File Photo HCM CITY (VNS) — The supply of three- to five-star hotel rooms in HCM City is expected to rise 2 per cent this year with a four-star property set to begin operations later this year, according to Savills Vietnam. The consulting firm's associate director for residential services, Truong An Duong, said the new hotel with 100 rooms will increase the total room number to 12,800. He told participants at a recent seminar on the city property market development that in the second quarter a new three-star hotel opened with 85 rooms. A renovated hotel with 86 rooms resumed operations while another with 61 rooms closed temporarily for upgrades. The average occupancy in the second quarter, the low tourist season, was 61 per cent, down 13 percentage … [Read more...]
HCM City hotels slash room rates
With the number of international tourists declining for the three straight months, many hotels in HCM City are cutting room rates. The sales manager of a five-star hotel said the hotel was now offering rooms at just VND2.1 million (US$100) per night, VND1 million less than a month ago. An international hotel in downtown HCM City lowered room rates from over VND3 million a week ago to VND2.2 million per night. Currently guests can get a five-star room at $80 per night, a rate unheard of in the past. According to tourism authorities, Viet Nam received 614,000 foreign tourists in April, down 2.4 per cent compared with the same period last year.-VNS … [Read more...]
HCM City hotels cut room rates on May fears
Many hotels in HCM City cut room rates in the first week of May after occupancy at many high-end hotels plunged during the same period last year. Majestic Hotel currently quotes at US$145 per night against $170 normally. Another luxury hotel on Dong Khoi Street slashed rates from $198 and $170 to $163 and $139, respectively. In areas farther from downtown, it only costs $83 on average even at upmarket hotels.-VNS … [Read more...]