Hanoi hotel market posts good performance in Q1
Average occupancy rate reaching 76%, a11% year-on-year increase.
Tourism re-opening good news for hotels
CBRE has forecast that hotel operations in Hanoi will improve over the course of 2022, with room tariffs at 4 and 5-star hotels rising 15 per cent and occupancy reaching 52 per cent, up 21 percentage points compared to 2021. Occupancy at 4 and 5-star hotels in Ho Chi Minh City, meanwhile, will reach 49 per cent, up 20 percentage points.
HCMC's hotel market set to prosper
Along with the recovery of the tourism sector, the supply of hotels in Ho Chi Minh City has also increased. The average room tariff has risen 21 per cent, to VND1.4 million ($60.7) per night. The city aims to welcome 3.5 million international visitors this year.