By Vu Le  &nbspJanuary 22, 2023 | 03:16 pm PT
HCMC hotel room prices up 21% in 2022

A view of downtown HCMC, the place there are a large number of motels. Photo through VnExpress/Quynh Tran

The moderate room hire at HCMC motels closing 12 months was once VND1.6 million (US$68), a 21% leap from 2021 previous, in line with belongings consultancy Savills Vietnam.

The occupancy fee was once 45%, up 20 share issues. Five-star motels noticed room charges upward push through 44%.

In the fourth quarter the common tariff was once VND1.8 million, up 9% from the former quarter, and the occupancy fee was once 62%.

According to Savills’ newest file at the lodge marketplace, regardless of an building up in room provide in 2022, occupancy and room charges climbed, indicating a restoration after the Covid pandemic.

But the common fee was once 18% less than in 2019 ahead of the pandemic started.

Savills anticipated China’s reopening to definitely impact Vietnam’s tourism this 12 months.

HCMC has greater than 15,500 rooms at 111 motels, a year-on-year upward push of 8% and just about at pre-pandemic ranges.

Trang Minh Ha, Chairman of consulting and coaching company North Stars Asia, stated motels have hiked room charges for the height go back and forth season all the way through Christmas, New Year and Tet (the Lunar New Year vacation). Many in a foreign country Vietnamese had been arriving within the town for Tet in overdue January.

Ha stated although China has reopened, vacationers would no longer instantly discuss with HCMC however there can be increasingly more industry guests and other people coming for meetings within the close to long run.

According to the municipal Department of Tourism, closing 12 months the town won just about 3.5 million overseas guests and 25 million home guests, and earned tourism revenues of VND120 trillion, all upper than in 2021 however down from 2019.

Vietnamese motels’ revenues are anticipated to develop at 7% yearly between 2023 and 2027, and moderate earnings in step with visitor through 0.3% to achieve $158 through 2027.

According to German on-line marketplace and shopper information corporate Statista, lodge revenues in Southeast Asia are anticipated to completely get better through 2023 when Chinese guests go back.

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