Debut of Aman's Sister Brand Janu
Skift Take
- Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels.
- Thai hotel operators are ramping up plans to expand investment at home and abroad according to Nikkei.
- The huge fire in Hong Kong Thursday night into Friday which received so much attention was the 48 story luxury Kimpton Hong Kong hotel that is under construction in Tsim Sha Tsui.
Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels. The occupancy rate of 45% last year was 20 percentage points higher year on year but was still 23 percentage points less than the figure in 2019. The average room rate reached 1.6 million VND (US$67) per night last year, up 21% year on year. Five star hotels saw occupancy increase by 24 percentage points year on year and average room rate up 44%. The growth was driven by business travelers and MICE guests. Savills said HCM welcomed 3.5 million international visitor arrival last year. That was only half what 2019 had. This year the city is targeting five million international visitor arrivals and 35 million domestic holidaymakers, earning tourism revenue of 160 trillion VND (US$6.74 billion). Supply at the end of 2022 reached 15,500 rooms from 111 projects in the city, increasing 8% year on year, nearly reac
