Their revenue per room available grew by 5.4 percent from 2017 to $83.4, according the Hotel Survey by global consulting firm Grant Thornton released recently. Kenneth Atkinson, senior board adviser of Grant Thornton Vietnam, said the average occupancy rate at five-star hotels continued to be high at 75.6 percent, up 0.5 percentage point. With demand increasing, hotels raised their tariffs by 4.1 percent to $112 per day, he added. The report said leisure travelers, tour groups and corporate travelers continued to be the three largest categories of guests, together accounting for 76 percent. But the rate of MICE guests (meetings, incentives, conference and exhibits) decreased from 7.6 percent in 2017 to 6.8 percent last year. The majority of customers, 82.5 percent, were foreign tourists from Asia, Europe and North America. But the number of Vietnamese guests declined by 1.7 percentage points after an increasing briefly in 2014-16. There were 152 five-star hotels last year, a … [Read more...] about Vietnam 5-star hotels revenues rise on strong demand
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The Vietnam Beer, Alcohol and Beverage Association (VBA) proposed the removal of this regulation at Monday meeting with the Government Working Group. The meeting was held under the auspices of a conference aimed at resolving difficulties for businesses in the hospitality sector. VBA representatives said that tourist accommodation providers (hotels tourist villages etc.) that are ranked from one to five stars and above should not have to apply for an additional liquor trading license. They said that the regulation, which took effect in September 2017, has caused difficulties for businesses, increasing procedures and costs. In response to a proposal that the regulation be changed from a mandatory application for a license to an "obligation to inform," Deputy Minister of Industry and Trade Dang Hoang An said that star ratings only reflect a hotel’s quality of service. The control of goods sold at any establishment, is a separate issue. "5-star hotels are still capable of … [Read more...] about 5-star hotels and booze: Lawmakers discuss license law
Chairman of the Management Board of DIC Group Nguyễn Thiện Tuấn (left) grants a symbolic key to the hotel’s general manager Hoàng Hồng Hà at the opening ceremony. — Photo courtesy of DIC Viet Nam News VĨNH PHÚC — DIC Star Hotel & Resorts – the first five-star hotel in the northern province of Vĩnh Phúc has been opened by Vietnamese real estate developer DIC. Located within the developing South Vĩnh Yên Urban Complex in the province’s Vĩnh Yên City – about 55km to the west of Hà Nội, the property is positioned on an area of more than 25,000sq.m and boasts a harmony between modern architecture and nature in the Đầm Vạc Lake area. The hotel consists of 205 modern deluxe rooms with balconies looking over Đầm Vạc Lake and the city centre. Its all-day-dining Sunrise restaurant offers abundant buffet selection for breakfast and an … [Read more...] about First 5-star hotel opens in Vĩnh Phúc Province
VietNamNet Bridge - Foreign investors hold a stake in about 60 percent of 5-star hotels in Hanoi and HCMC, and are continuing to pour money into the profitable hotel sector. A survey conducted by VnExpress found that of 19 5-star hotels located in the most advantageous positions in HCMC, 10 hotels are foreign invested. The market approach preferred by foreigners is to acquire enough shares to have the right to control the hotels. Investors in Hong Kong, Singapore and South Korea have been increasing their presence at many high-end luxury hotels in HCMC. Keck Seng Investments is the best known Hong Kong investor which invests in two 5-star hotels in HCMC. The real estate tycoon of the Fragrant Harbor holds 64 percent of shares in Sheraton and has 25 percent of interests in Caravelle hotels. RELATED NEWS Vietnam hotel market attracts foreign investors Da Nang improves hotel competitiveness Kim Mai … [Read more...] about Who are the owners of 5-star hotels in HCM City and Hanoi?
Vietnamese citizens accounted for 19.2 percent of 4-star and 5-star hotels guests in 2017, according to a report released Tuesday by global consulting firm Grant Thornton. Although this is a slight decrease from last year’s figure of 20.8 percent, the number of domestic guests staying at upscale hotels had increased for three consecutive years from 2014 to 2016, says Grant Thornton’s “Executive Summary Hotel Survey 2018.” These figures affirm the findings of market research firm Nielsen, which said more Vietnamese citizens are willing to spend big on fancy items and services to “enhance the quality of life.” In the first quarter this year, 46 percent of respondents were willing to spend their spare cash on holidays, an increase of 2 percentage points from the last quarter of 2017, the Nielsen report said. The hotel industry is witnessing a similar trend. A representative of the 5-star Hotel des Arts Saigon said that 70 percent of the hotel’s … [Read more...] about Rich Vietnamese spending big on local 5-star hotels