A tour guide shows local products to foreign tourists at Ben Thanh Market in HCM City. (Source: VNA)HCM City (VNA) - Average hotel occupancy rate inHo Chi Minh City reached 74 percent in the first quarter, increasing by 6percentage points from the same period last year.
According to a report by real estate company SavillsVietnam, average room rate rose by 4 percent to 83 USD per night, as all localthree- to five-star hotels introduced higher rates for the first time in threeyears.
The supply of hotel accommodations grew 2 percent on year, offeringmore than 16,500 rooms from 133 projects. Savills Vietnam said by 2020, 14 newprojects will add to the market about 3,500 rooms.
In the first three months of 2018, the southern economic hubwelcomed 1.98 million foreign arrivals, an annual increase of 15.6 percent.
Tourism services revenue earned during the period exceeded31.7 trillion VND (1.39 billion USD), up 14.4 percent on year. The firstquarter also saw 394 travel companies established in the past three months, registering1.2 trillion VND (52.8 million USD) in capital.-VNA
VNA
