travel to HCM City

HCM City: extensive potentials for hotel market - travel to HCM City

The number of foreign visitors travelling to Hcm city in the first quarter of 2008 rose by 20% year on year, with hotel occupancy rate averaging 85%. The hotel market, therefore, is very attractive.

According to the Vietnam National Administration of Tourism (VNAT), the city has 872 hotels, including 11 five-star, 8 four-star and 26 three-star hotels, supplying around 22,000 rooms. Last year Hcm city welcomed 2.7 million international tourists, a surge of 14.8% compared to 2006.

In the first three months of this year, the city hosted 840,000 foreign visitors, up by 20% compared to the same period of last year, reaching its 28% annual target (3 million).

It is forecast that the need for hotel rooms will greatly increase, especially the demand for five-star hotel rooms. The HCM City Department of Tourism said the city needs to build an additional 12,000 hotel rooms from now to 2010, including around 7,000 rooms of 3 to 5 star standard to satisfy around 7.3 million foreign visitors.

According to a survey by the local Department of Tourism, the demand for luxurious hotels is rising. The room occupancy rate at 3-5 star hotels is at 80 to 90%.

From now to 2013, the city will have around 4,700 new hotel rooms compared to the real need of 12,000 rooms. The new hotels will be mainly put into operation after 2010. As a result, in the next several years, HCM City will lack hotel rooms so room rates may reach $500/day in the travel season.

(Source: CafeF)

Tag: Hcm , Hcm City , Hotel , Tour , Tourism , Tourist , Travel , Vietnam

HCM City: extensive potentials for hotel market - travel to HCM City

Lastest News


First mountainous tour in Quang Nam opens Le Nguyen Travel has opened a tour to Bho Hoong village (Dong Giang mountainous district, Quang Nam province) for the first time.
Conservatory puts miracle plant to work - Phu An Bamboo Village A scientist in southern Binh Duong Province is out to prove that bamboo’s many gifts, from wood products to soil improvement, make it worth protecting and studying. Vu Thu Huong visits her ecomuseum.
National magician festival concludes with no gold medal - Vietnam Circus Association The first National Magician Festival wrapped up on May 17, but no gold medal was awarded to participants after four days of competition.
Buddhist-themed symphony celebrates Vesak The first-ever Buddhist-themed symphony composed in Vietnam will be presented at the 5th United Nations Days of Vesak’s closing ceremony tonight in Hanoi
Vietnam’s Vesak indicates religious freedom Overseas Vietnamese Buddhists participating in the UN Day of Vesak 2008 have commended Vietnam ’s hosting of the celebration as a vivid exhibition of the country’s respect for freedom of belief and religion.
Buddhist cultural centre opened in Hue The Thua Thien-Hue Buddhist Sangha’s Executive Board on May 14 inaugurated the Lieu Quan Buddhist Cultural Centre in the former imperial city of Hue
HCM City to probe golf courses - Goldf in HCM City The city will check the licences of golf course projects to appraise the results of these projects and to serve its planning task.
Monks and artists perform at Vesak celebrations Around 100 professional artists performed alongside 108 Buddhist monks and nuns at the first music gala celebrating the UN Day of Vesak on May 14.
Visitors delighted with Vietnam’s Vesak celebrations Buddhist monks, nuns and believers in Vietnam for the United Nations Day of Vesak have told of their surprise and delight at the scale of celebrations in the country.
Cultural tourism village of Vietnam’s ethnic groups A cultural tourism village of Vietnamese ethnic groups will be built in Son Tay town of northern Ha tay province, with state budget funding of 3.2 trillion VND.
Austrian artist sings at Park Hyatt Saigon - Park Hyatt Saigon Austrian singer Kat Parsons has been singing in the Park Lounge at the Park Hyatt Saigon hotel Hcm city since April 23.
Choral Festival Opens in Thu Duc - Ho Chi Minh City Choral Festival At the opening ceremony of the 6th Ho chi minh city Choral Festival on Monday, President Ho Chi Minh, the Vietnamese Communist Party, the traditions of patriotism, revolutionary struggle and love of country were praised.
Ho Chi Minh Museum Presents Work of Cuban Painter - HCMC Museum An exhibition featuring art by Cuban painter, drawer and illustrator Nelson Domínguez is being held at the Ho chi minh city Museum on 65 Ly Tu Trong Street in District 1.
Book On Buddhist Temples Published To Welcome Vesak - Xa Loi pagoda Viet nam has especially published an English language version of the best selling book “Buddhist Temples” to welcome the UN Day of Vesak, which is slated to begin in Ha noi on May 14.
HCM City tourism rises 17 percent in January Close to 330,000 foreign tourists visited Ho chi minh city in the month till Tet, up 17 percent compared with the same period last year, according to the HCM City Tourism Department.
Japanese destroyers visit Ho Chi Minh city Three destroyers of the Japanese Navy with 566 officers and crewmembers on board anchored at Ho chi minh City’s port on March 3 for a friendship visit.