A slump in tourism has hit Ho Chi Minh City's hotel market, which saw a drop in the average rate of reserved rooms in the first six months of the year compared to the previous five years.
A slump in tourism has hit Ho Chi Minh City's hotel market, which saw a drop in the average rate of reserved rooms in the first six months of the year compared to the previous five years.
In its recent report, Savills Vietnam, which provides comprehensive property services, said the hotel market had seen the lowest average room rate in the last five years due to a continuous increase in supply and fierce competition in the market.
For the second quarter of the year, the average room rate dropped 5 percent compared to the first quarter and 3 percent year-on-year to 1.6 million VND (78 USSD) per room per night.
According to the report, the city in the second quarter added 540 rooms in the three-star segment with six new and one refurbished hotels. The five-star segment had 446 additional rooms from an existing hotel and an upgraded hotel.
As of the end of the second quarter, the city had a total of 106 hotels supplying 13,800 rooms, increasing 6 percent quarter-on-quarter and 10 percent year-on-year.
In the first quarter, three- to five-star hotels had a soft performance year-on-year.
The average occupancy was 70 percent, up two percentage points quarter-on-quarter but down four percentage points year-on-year.
All three grades incurred a year-on-year decrease in occupancy.
The four-star segment had the highest occupancy drop of six percentage points. The three- and five-star segment decreased by four percentage points each.
The average room rate was 1.8 million VND (82 USD) per room per night, down 5 percent quarter-on-quarter and 7 percent year-on-year.
In the central region, in the first quarter, the average room rate of hotels in Da Nang city dropped 5 percent against 2014 to 1.75 million VND per room per night, while the revenue per available room (RevPAR), a standard industry measure of room utilisation and return, showed a 12 percent decrease.
The overall occupancy decreased four percentage points against 2014 to 48 percent.
Fifty-six 3- to 5-star hotels supplied about 6,450 rooms, up 7 percent against 2014.
According to the 2015 Vietnam Hotel Survey of 60 4- to 5-star hotels conducted by the UK-owned audit and consultancy firm Grant Thornton Vietnam from March to June, RevPAR experienced a slight decrease of 1.8 percent from 60.42 USD in 2013 to 59.31 USD last year.
The decrease was attributed to a drop of 2 percent in average occupancy, it said.
Data breakdowns showed that while average occupancy rates of 4- and 5-star hotels rose 6.7 percent year-on-year in Hanoi, the rates fell 6.7 percent compared with the previous year in HCM City.-VNA
The best 96 tourist trademarks in Ho Chi Minh City in 2012 were honoured at a ceremony on April 6 in the framework of the 9 th Ho Chi Minh City Tourism Festival.
The 11th Ho Chi Minh City Tourism Day 2015, themed "Impression of World Heritage in Vietnam", kicked off on March 26 at September 23 Park in the city's District 1.
Tourism agencies in HCM City and the northern province of Quang Ninh are working closely to develop tours between the two localities, with a promise to launch new tourism products.
The number of visitors increased by 4.1% compared to the same period last year, while total tourism revenue surged by 48.8%, or nearly 88% of the year’s target.
“There is no more atmospheric way to haul into Vietnam’s twin metropolises as this train rattles through historic cities and swooshes beside spectacular coastlines,” according to Lonely Planet.
All the 240 households in Thieng Lieng hamlet once knew only salt production and aquaculture, but now welcoming tourists has become a source of their joy and income.
The first and only direct service connecting the two countries at the moment is set to operate three times per week using the modern wide-body Boeing 787-9 Dreamliner aircraft.
Mu Cang Chai is home to nearly 83,000 hectares of forest, including almost 60,000 hectares of unspoiled natural woodland. Recognising this potential, local authorities have embraced a holistic strategy that protects biodiversity while promoting tourism.
Phu Quoc ranks among the top 10 leading tourist islands in Asia. As the largest island in Vietnam, it boasts stunning natural beauty, with expansive coral reefs resting beneath the sea and a number of beautiful, poetic beaches such as Sao, Truong, and Khem, known for their fine white sand and crystal-clear waters.
Vietnam's national flag carrier Vietnam Airlines and Vietjet are among the exhibitors, promoting key destinations such as Ho Chi Minh City, Hanoi, and Phu Quoc, as well as distinctive tourism products.
Alexander Musikhin, Vice President of ATOR and CEO of the Intourist travel agency, highlighted Vietnam as a top destination offering a unique blend of beach holidays and cultural excursions.
According to Seoul’s Tourism Industry Department, approximately 20,000 Vietnamese visitors travel to the city each year for medical treatment. Vietnam consistently ranks among the top 10 countries with the highest number of medical tourists to Seoul.
An analysis of accommodation search data based on check-in dates for June and July revealed that Nha Trang surpassed all other destinations in popularity among Korean users.
The programme is organised by the Khanh Hoa provincial Youth Union and the “Khanh Hoa people speak English” Project, and aims to promote the culture, history, cuisine and other tourism products of Nha Trang – Khanh Hoa to international visitors.
VNAT Director General Nguyen Trung Khanh called visa a golden ticket to pulling in crowds, but he is clear that it needs coordinated efforts across multiple sectors to keep the momentum going in this fast-moving global travel scene.
As a tourism hub, Hanoi is now actively developing strategies to attract Muslim travellers. In recent years, the city has seen a notable uptick in visitors from countries with large Muslim populations.
When tourists witness firsthand the passion and care of farmers, they’re willing to pay higher prices because they see the genuine worth behind every product.
During the first five months, China continued to be Vietnam's largest source market of tourists, followed by the RoK, China’s Taiwan, the US, and Japan.
After more than three months of operation, the popularity of the free tours in Bac Ninh province shows no signs of cooling down. Many tourists return every week in hopes of experiencing all the tours and visiting every destination.
Typical products of Phu Tho are being showcased at the Lao Cai International Travel Mart 2025, held in the northern mountainous province of Lao Cai from June 5-8.
Featuring 130 stalls and delegations from 120 travel agencies representing more than ten countries and territories, the event is expected to provide a platform for establishing partnerships and attracting more visitors to Lao Cai in the future.
Kicking off the festival on the evening of June 7 will be the grand music concert titled “Nha Trang Say Hi”, featuring popular artists from the trending show “Anh Trai Say Hi”. The event will be broadcast live nationwide and conclude with a fireworks display over Nha Trang Bay.
At a shopping mall (Source: VNA)
