Vietnam Int'l Visitor Arrivals Grow 58% in First Half of 2024
Skift Take
International visitor arrivals to Vietnam increased by 58.4% to over 8.8 million in the first half of 2024, with South Korea being the largest source market.
HVS Anarock said there was a dip in ADRs and RevPAR in India in May compared to April 2024. Year over year, May 2024 was up 2% in ADR and 4% in RevPAR which may be more important than month to month changes which include timing and seasonality. Compared to April 2024, May occupancy dropped by 1 to 3 percentage points with 6 to 8 percent declines in ADRs and a 9 to 11 percent drop in RevPAR of hotels on a nation-wide basis. Year over year, Kochi had a boost in occupancy by 6 to 9 percent year over year but that did not convert to ADR growth as it seems the 6 to 12 percent drop in ADR boosted occupancy. Hyderabad was the opposite with occupancy seeing the biggest year over year drop of 3-5 percent while ADR was up 12-14 percent. Goa occupancy was up 1-3 percent but ADR was down 9-11 percent. HVS Anarock said 49 new branded hotels have opened year to date, adding an additional 3,176 rooms. There have been 146 new signings giv
