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Update news luxury hotels
VietNamNet Bridge – Vietnam’s five-star hotels are expectedly hampered by a low occupancy rate due to an increasing supply in the sector.
VietNamNet Bridge – Although the number of foreign guests at four- and five-star hotels in the nation’s south rose 10% last year, upscale hotels saw room occupancy and tariffs declining due to mounting competition,
VietNamNet Bridge - Hoteliers had a difficult year in 2014 but the demand for hotel managers remains very high in Vietnam.
The fact that more five-star hotels will be up and running in downtown HCMC in years to come will pile pressure on the operational high-end hotels which are struggling with room occupancy drops.