Hotel occupancy up 30 pct in Vietnam

Hotel occupancy rose around 30 percent in the first four months of this year on the back of a recovering tourism sector, an industry official said.
Local hotels were 65 percent full on average during the period, compared to the usual 50 percent, Do Thi Hong Xoan, director of the Hotel Department at the Vietnam National Administration of Tourism was quoted by the Vietnam Economic Times as saying.
Luxury hotels in resort cities like Nha Trang and Phan Thiet fared much better than average, posting occupancy rates of more than 90 percent, Xoan said.
She said foreign arrivals to Vietnam increased 35.7 percent in the four month period, while the number of local tourists also grew steadily.
Hotel supply will fall short of demand during high season as investors have become cautious in developing new hotels since the downturn last year, she said.
Source: Thanh Nien