Foreign hotel developers and operators are now keen on the Vietnamese market with potential investment in building five-star hotels, resorts and spas in big cities, local newspaper Vietnam News reported Thursday.
Such firms include Kingdom Hotels, Banyan Tree, Colony Resorts and Intercontinental, the newspaper quoted a survey by financial and accounting company Grant Thornton Vietnam as reporting.
Over the past two years, Hilton, Sofitel Metropole and Guoman have focused their realty investment in Hanoi capital, the Duxton and Omni in southern Ho Chi Minh City, and the Furama in central Da Nang city. Meanwhile, there have been room shortages at certain peak times in both Hanoi and Ho Chi Minh City.
The survey showed a price increase in the average room rate of 7.67 percent, from 55.78 U.S. dollars in 2005 to 60.06 dollars in 2006. Last year, average occupancy and price of five-star hotels were 73.1 percent and 69.06 dollars per room per night, respectively.
Net income as a percentage of total revenue of four- and five- star hotels was 21.1 percent and 39.7 percent, respectively, much higher than the 0.4 percent of three-star hotels.
Foreign arrivals to Vietnam in 2006 reached 3.6 million, of whom 22.7 percent were business travelers, and 59.9 percent tourists. Of the 18 million Vietnamese tourists who traveled within their country last year, many stayed at luxury hotels, the survey discovered. Domestic tourists generated 2.25 billion dollars in tourism revenue in 2006.
The survey was conducted among 29 hotels with 3,946 rooms in 10 big cities in three main regions of Vietnam between 2005 and 2006.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article