Five-star hotel room rate rebounds in 2017: Survey
The average room rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percent decline from the previous year, picking up 4.2 percent to 107.6 USD, according to a recent survey by US-based audit, tax, and advisory service provider Grant Thornton.
Lotte Center Hanoi is a complex of high-class apartment, Grade A office, 5-star hotel and modern shopping center. (Illustrative image. Photo: VNA)
Ho Chi Minh City (VNA) – The averageroom rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percentdecline from the previous year, picking up 4.2 percent to 107.6 USD, accordingto a recent survey by US-based audit, tax, and advisory service provider GrantThornton.
Four-star hotels experienced a similar trend,seeing their rates climb 1 percent to 75.2 USD last year, the Hotel Survey 2018by Grant Thornton revealed.
This year’s report marks the 15th consecutiveyear of the US firm conducting the comprehensive research on high-end hotelsand resorts in Vietnam.
According to the survey, Vietnam welcomed 86million domestic and international visitors in 2017, an increase of 19 percentfrom 2016. To accommodate the increasing arrivals, a large amount of investmentwas pumped into the country’s hospitality industry.
The revenue per available room (RevPAR)continued to go up in both star categories, with a 7.6 percent rise at four-starhotels and a 10.2 percent rise in five-star hotels. The RevPAR growth last yearis lower than that of 2016 at four-star hotels, while much higher in the five-starcategory.
Revenue structure varied between the northern,central, and southern regions. In the south, revenue from added servicesincreased while that from rooms dropped. Visitors spent more money in diningservices in central and southern Vietnam than in the north. In addition,domestic tourists appeared to spend more at hotels and resorts in the norththan foreigners.
The survey also found that holidaymakers andvisitors travelling in a group accounted for 60 percent of guests at luxuryhotels. Those on business trips slight rose by 0.5 percent.
Travel agencies and tour operators remained thelargest booking channel for four-star and five-star hotels, making up 33percent of the booking market share.-VNA
Foreign firms have pumped hundreds of millions of US dollars into numerous real estate projects in HCM City, attributed to an upswing in the real estate market after a long period of hibernation.
Website SmarterTravel has listed nine reasons explaining why Vietnam is becoming the best place to go in Southeast Asia, including food, language, hospitality, history and amazing sites.
The Bac Lieu province People's Committee has approved an architectural design for a five-star hotel to be built in the shape of a Vietnamese moon-shaped lute.
Tourism in Vietnam continues to be a promising source of income for the country, with growing demand for accommodation, and many new and promising projects in the pipeline for the next decade.
Held under the theme “Pride and Aspiration”, this year's “Glory to Vietnam” programme aimed to inspire the Vietnamese people's ambition to reach new heights during the era of integration and development.
According to the Central Committee of the Vietnam Red Cross Society (VRC), this year’s campaign provided long-term aid for 3,785 individuals and organisations. Support included houses, clean water systems, school meal facilities, books, and livelihood assistance, with a total value of more than 118 billion VND.
The programmes have brought about positive changes to rural infrastructure, comprehensively improved the material and spiritual lives of farmers, and contributed to Vietnam's economic restructuring, said PM Pham Minh Chinh.
The festival highlighted the contributions and robust development of Vietnam's revolutionary press over the past century while promoting press products and showcasing the creativity of Vietnamese journalists.
The programme on sustainable poverty reduction has achieved its annual targets for reducing the poverty rate as assigned by the National Assembly and the Government. It has fulfilled five specific objectives and five five-year goals, and met nine out of 12 indicators related to addressing basic social service shortages.
UNICEF stands ready to support the Government in implementing this important law and in continuing to invest in teachers as the cornerstone of a resilient, inclusive, and high-quality education system for all children.
PM Pham Minh Chinh highlighted how Vietnam's revolutionary press has continuously evolved and strengthened over the past century, affirming its role as a sharp and vital political, cultural, and ideological weapon serving the Fatherland and the people in the glorious revolutionary cause of the Party.
Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
In recent interviews granted to the Vietnam News Agency (VNA)'s reporters in Mexico, prominent figures reflected on the press’s legacy and its global influence.
VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
In the context where AI dominates and produces vast volumes of content, the only sustainable path forward for journalism is to focus on high-quality content and core values. Journalism must redefine its mission - not to report the fastest, but to provide the most profound and trustworthy value.
Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Lotte Center Hanoi is a complex of high-class apartment, Grade A office, 5-star hotel and modern shopping center. (Illustrative image. Photo: VNA) 
