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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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 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...] about HCM City hotels get into the Tet swing of things
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...] about HCM City hotels host New Year countdown parties
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...] about Cuban musicians to rock HCM City hotel