Five-star hotel room rate rebounds in 2017: Survey
The average room rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percent decline from the previous year, picking up 4.2 percent to 107.6 USD, according to a recent survey by US-based audit, tax, and advisory service provider Grant Thornton.
Lotte Center Hanoi is a complex of high-class apartment, Grade A office, 5-star hotel and modern shopping center. (Illustrative image. Photo: VNA)
Ho Chi Minh City (VNA) – The averageroom rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percentdecline from the previous year, picking up 4.2 percent to 107.6 USD, accordingto a recent survey by US-based audit, tax, and advisory service provider GrantThornton.
Four-star hotels experienced a similar trend,seeing their rates climb 1 percent to 75.2 USD last year, the Hotel Survey 2018by Grant Thornton revealed.
This year’s report marks the 15th consecutiveyear of the US firm conducting the comprehensive research on high-end hotelsand resorts in Vietnam.
According to the survey, Vietnam welcomed 86million domestic and international visitors in 2017, an increase of 19 percentfrom 2016. To accommodate the increasing arrivals, a large amount of investmentwas pumped into the country’s hospitality industry.
The revenue per available room (RevPAR)continued to go up in both star categories, with a 7.6 percent rise at four-starhotels and a 10.2 percent rise in five-star hotels. The RevPAR growth last yearis lower than that of 2016 at four-star hotels, while much higher in the five-starcategory.
Revenue structure varied between the northern,central, and southern regions. In the south, revenue from added servicesincreased while that from rooms dropped. Visitors spent more money in diningservices in central and southern Vietnam than in the north. In addition,domestic tourists appeared to spend more at hotels and resorts in the norththan foreigners.
The survey also found that holidaymakers andvisitors travelling in a group accounted for 60 percent of guests at luxuryhotels. Those on business trips slight rose by 0.5 percent.
Travel agencies and tour operators remained thelargest booking channel for four-star and five-star hotels, making up 33percent of the booking market share.-VNA
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