The HCM City hotel market report by Savills Vietnam showed that in the third quarter of this year, the city’s average hotel room rate was nearly VND1.7 million (USD68.54) a day, up 22 percent against the previous quarter and 50 percent up on-year.
Tourists in HCM City
Between January and September this year, the hotel room occupancy rate in HCM City was 58 percent, representing a quarter-on-quarter rise of 19 percent.
HCM City attracted more than 10 million domestic visitors in the third quarter of this year, accounting for 45 percent of the country’s total number of figures of this kind, up nearly 70 percent on-year.
Hotels ranked between 3-4 stars have reopened after the Covid-19 pandemic. In the fourth quarter of this year, the five-star Hilton Saigon Hotel in the District is scheduled to be put into service to provide 312 rooms.
During the period, HCM City served 1.6 million foreign tourists, up 240 percent compared to the second quarter.
In the first nine months of 2022, the southern metropolis welcomed 2.1 million international travellers and 21.6 million domestic visitors. The city’s tourism industry earned revenues of VND92.3 trillion.
