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Hotels vie for share of tourism pie

Hotels vie for share of tourism pie

With an expanding room inventory and a lot of projects scheduled to launch in the near future, the competition in the upscale hotel market will start to heat up, especially in the five-star segment, according to the 2017 Vietnam Hotel Survey released on July 11.

HCM City greets 3.2 million foreign visitors in 9 months

HCM City greets 3.2 million foreign visitors in 9 months

Vietnam’s business and economic hub, Ho Chi Minh City, welcomed more than 3.2 million foreign visitors, up 5% annually, raking in more than VND69.1 trillion (US$3.14 billion), a 6% rise, according to the municipal People’s Committee.

Tourism decline hits City hotel market

Tourism decline hits City hotel market

A slump in tourism has hit the 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.