Travel firms have confirmed that the room rate in HCM City has decreased. Especially, hotels have offered big preferences to the travelers from Asian markets. In general, Asian travelers book tours later than European travelers, just some days before the departure time., Sapa hotel, Sapa hotel, Hanoi hotel, Hotel in Sapa The documents provided by the hotel developer to potential investors show... the sale promotion campaigns would show effects immediately in attracting tourists.
According to Bui Viet Thuy Tien, Managing Director of Asian Trails, hotels have offered the discount rates of 5-10 percent on average., Hotel in Sapa
, Hotel in Sapa, Thien Minh Group acquires Victoria Hotels Hotel in Sapa / Thien Minh Group, a leading tourism and hospitality investment company whose core business is in Viet Nam and Southeast Asia, has acquired five properties of Victoria Hotels and Resorts from the owner EEM Victoria Hong Kong. Q2 report of Savills Vietnam, a real estate consultancy firm, showed that the hotel room rate and the average occupancy rate of the hotels in HCM City has been on the decrease.
The average hotel room rate is VND1.750 million per room per, Hanoi hotel
, Hanoi hotel, Marriott to operate new Ha Noi hotel Hanoi hotel / US based hotel giant Marriott International Inc signed a management agreement with Viet Nam’s Bitexco to open a luxury branded hotel in Ha Noi in 2010. down by 12 percent over the same period of 2012, while the average room occupancy rate is 62 percent.
According to Savills Vietnam, the 4-5 star hotels in the center of the city have been operating better than that in other areas, but the, Vietnam palace hotel
, Vietnam palace hotel / The hotel 's 200 billion giant timber full Bai Dinh. Vietnam palace hotel. Onetime giants trillion to build Bai Dinh pagoda , recently unveiled 200 billion over hotel majestic area 20.000m2 . hotels in the other areas have been operating better than that in the central area. In general, the 3-star hotels in the suburbs target domestic travelers and foreign backpackers who prefer saying at cheaper hotel rooms.
Not only does the decrease in the tourist growth rate cause a big headache to hotels, they now also have to deal with another problem – the appearance of new rivals.
In principle, hotels and apartments target two different groups of clients. While hotels provide short term accommodation services, apartments target the clients who plan long term stay. While hotels serve breakfast, the clients staying at apartments dont receive the service.
However, apartment developers now tend to scramble for clients with hotels when offering flexible room rent services.
Capri by Fraser, the apartment building which joined the market in early March, has leased rooms to the clients orders. They can choose long term renting, or rent by days.
Located in Phu My Hung urban area in district 7 in HCM City, the building has 175 apartments for rent at VND1.6 million ($75) per night and VND25 million ($1,200) per month. The above said rates include the fees for the breakfasts. This means that the clients staying at the apartments would receive the same services as if they are in hotels.
SSG Group has put the Saigon Airport Plaza building, located near the Tan Son Nhat airport, into operation. This is a complex of apartments and offices for rent, and 84 service apartments.
The rates here are VND25-29, Sapa tours
Sapa tours, Visa on arrival Vietnam, Vietnam visa on arrival Local travel firms started selling tours two months earlier, so anyone making bookings these days might... for a month stay and VND1.4 million for a day stay.
The owners of ten 5-star hotels in Hanoi
Many 5-star hotels in Hanoi are owned by Vietnamese companies although most of them were built with foreign funds., Vietnam commercial law
Vietnam commercial law, Labour and employment lawyer, Famous law firm, Vietnam company law Vietnam company law / The Enterprise Law and relating laws stipulate that enterprises must not use the same names registered before by other enterprises. The Intercontinental hotel opened in early December 2007 after a long period of construction and change of owners. This property was built by an investor from Singapore named S. Lien Holdings in 1991.
In 1998, the hotel was half built but due to the impact of the economic crisis in Asia. It was abandoned for seven years. S. Lien Holdings later went bankruptcy. In 2005, Tradewinds Berhad Malaysia took over the project and it joined a JV with a Vietnamese firm - Thang Long GTC. Total investment for the next phase of Intercontinental Hanoi Hotel is $123 million.
The only luxury hotel in Sapa, this four star property is built in traditional mountain chalet style, and blends perfectly with the natural surroundings. All the guest rooms offer spectacular views of the nearby mountains. Hotel in Sapa, The onsite Ta Van Restaurant, with its cosy central fireplace, serves excellent European and Vietnamese cuisine.
Currently, the hotel
is owned by Berjaya Berhad Corporation from Malaysia and the State-owned company Thang Long GTC. Berjaya Berhad holds 75 percent of the capital. The group's founder is Mr. Vincent Tan, born in 1952, Chinese descent. In 2010, Vincent Tan was named in the Forbes list of world billionaires with assets of $1.3 billion.
2/ According to the confirmation from the Sheraton Hanoi Hotel, this hotel is owned by the West Lake Company Limited and Berjaya Berhad Corporation. Thus, not only the Hanoi Intercontinental, the 5-star Sheraton hotel is also owned by the Malaysian investor - Vincent Tan.
Before owning a series of luxury hotels in Vietnam, Malaysia and many other countries around the world, Vincent Tan bought a chain of McDonald's restaurants in his homeland in 1981. Four years later, he successfully purchased 70 percent stake of a lottery company in Malaysia and then wholly owned this firm.
3/ Metropole Hanoi was built in 1901 by two French investors and it was the first 5-star hotel in Hanoi. Now the two biggest owners of this hotel are Vinacapital and Hanoi Tourism Corporation (Hanoi Tourist). In particular, Vinacapital holds 50 percent of stake, equivalent to a book value of $58.7 million.
Late last year, this fund decided to sell it shares in the hotel but until now this process has not finished yet. This investment is accounted for 8 percent of the fund's portfolio of Vinacapital Vietnam Opportunity Fund (VOF).
Vinacapitals Chairman is Mr. Andy Ho. Ho was born in 1972, holding an MBA from the University of Massachusetts, USA. Prior to working at Vinacapital, Ho worked for Dell and Ernst & Young. Currently Ho is also a member of the Management Board of Hoa Phat Group.
4) Sofitel Plaza is located close to