Posted by admin on January 26, 2011 under Vietnam travel News, vietnam hotel | 
There are two different segments taking shape in the Hanoi hotel market. Businessmen are choosing new hotels in the western area, while normal travellers choose the hotels in the central area.
Savills Vietnam, a real estate service provider, said that the demand for hotel rooms in Hanoi has increased considerably since the fourth quarter of 2010, and the demand is forecast to continue rising in the first quarter of 2011, since the market has entered the high business season.
According to Do Thu Hang, a senior executive of Savills Vietnam, in the fourth quarter of 2010, Savills Vietnam recognised the ranking of four star Silk Path and five star Grand Plaza hotels. Meanwhile, though Crowne Plaza hotel with 400 rooms has already opened, the list of property of Savills in the last quarter did not include the hotel.
Hang said that the fourth quarter business results of hotels in Hanoi in 2010 was better than that of the previous quarter. The average turnover per hotel room increased by 30 percent over the previous quarter and increased by six percent in comparison with the same period of 2009.
The average turnover per hotel room of three star hotels saw the sharpest increase of 30 percent in comparison with the third quarter of 2010. Meanwhile, four star and five star hotels saw turnover increases of 28 and 25 percent, respectively.
According to Richard Leech, Managing Director of CBRE, also a real estate service provider, continuing the recovery trend, the capacity and revenue per available room (RevPAR) in all market segments in the fourth quarter of 2010 saw considerable growth rates.
The statistics released by Savills Vietnam show that there are bout 6400 hotel rooms on the market provided by 43 hotels, eleven 5-star hotels, eight 4-star hotels and twenty-four 3-star hotels. In the fourth quarter of 2010, hotel room capacities and the hotel room rates increased by 11 percent and 9 percent, respectively.
There are 40 hotel projects under implementation in Hanoi. Of these, 18 projects are expected to provide 5500 rooms to the market. Meanwhile, the number of hotel rooms to be provided by the other 22 projects remains unclear. The future projects are mostly located in Tu Liem, Ba Dinh and Hoan Kiem districts. In general, five star hotels are mostly located in Tu Liem district, while three star and four star hotels are located in districts in the inner city.
CBRE thinks that in 2011, the market will have nearly 1200 hotel rooms from five new hotels, including two ones in the central area, Oriental Pearl and Hotel De Opera Hanoi, which may join the market in the first quarter of the year. Besides, there will be three hotels in the west of the city, namely Crowne Plaza West Hanoi, Grand Plaza Hanoi and Keangnam Hanoi Landmark Tower.
2011 will mark an important milestone in the hotel market with more high grade hotels in the newly developed western area joining the market. As such, with the new wave of establishing new hotels in the west, there will be two clear market segments. Business-class travellers will choose the new hotels in the west, while regular travellers will choose the hotels in the central areas.
Mr Richard Leech believes that the move will force operational hotels to upgrade their material facilities and services in order to better serve different classes of clients.
According to the Vietnam National Administration of Tourism VNAT, in 2010, Vietnam received five foreign tourists and 28 million domestic tourists and had a total earning of 96 trillion dong. Meanwhile, according to CBRE, in 2010, Hanoi received 8.62 million tourists, an increase of 11.5 percent in comparison with 2009. These included 1.23 million foreign tourists, a 20 percent from 2009.
Source: Dau tu
Posted by admin on January 21, 2011 under Vietnam travel News, vietnam hotel |
Vietnam hotel developers are now beginning to manage properties under their own brand names, setting off a new trend in Vietnam’s hospitality industry.
The Ocean Hospitality company, which has listed 100 million of its shares with the Hanoi Stock Exchange, opened last Wednesday its new property, the US$35 million StarCity Hotel Saigon, on HCM City’s Nguyen Van Troi Street.
Ha Van Tham, chairman of the Ocean Group that owns Ocean Hospitality, said this was the first hotel to bear the StarCity brand name, which the company has created specially for four-star hotels and resorts.
“Over the next two to three years, we will complete seven additional hotels under the StarCity brand in Hanoi, Hoi An, Nha Trang and Ho chi minh City,” said Tham, adding that the company would hold stakes of at least 75 per cent in these properties.
Four-star properties would be the focus of the company but other brand names would also be created for five-, three- and two-star properties, he said.
For instance, he said a resort in Hoi An would be co-branded Novotel StarCity. Novotel, a brand that belongs to the well-known hotel management firm Accor, will help OceanHospitality improve the skills of its staff.
The company has an ambitious plan to expand its brand to Japan and China and negotiations are under way with a Chinese partner for the purpose.
A vocational training centre is also in the pipeline to ensure supply of a qualified workforce not just for the company but the industry as a whole, but no further details have been released yet.
Property developer Vincom Corp has also launched its owned brand, Vinpearl. The first resort bearing this name has already begun operations in Nha Trang. This year three more will open in Danang, Hoi An and Nha Trang, the last one being a six-star hotel inside the Vinpearl Nha Trang resort, according to chairman Le Khac Hiep. With the three new developments, VinPearl hotels will have almost 1,000 rooms to offer. The group is developing several other properties, all of which will be placed under hotel management company VinPearl Land.
Initially Vincom had contracted with well-known international hotel management companies for Vinpearl Nha Trang. “We saw that only a few key positions were held by foreign experts and the majority of the staff were Vietnamese so we thought why not a management team of our own as we would have various projects around the country,” chairman Le Khac Hiep said.
“And we achieved better performance with our hotel management arm Vinpearl Land, revealed via higher occupancy and guests’ satisfaction,” he said, noting that the company also targeted offering management services to hotel owned by other developers in the future.
Deputy general director Tran Hung Viet of SaigonTourist, a major holding company in the country’s travel and hospitality market, said he also saw the value of a hotel chain under its own brand name and management.
However, he also noted that their major properties like Majestic, Rex Saigon and Hotel Continental Saigon in HCM City had a long history and would retain their names.
The company has been developing hotels and resorts around the country and all of them (mostly four-star) have the prefix “Saigon”. Thus, the properties are called Saigon – Qui Nhon and Saigon Halong and so on to make it a chain.
Currently SaigonTourist maintains a general department in charge of business, marketing and management. Viet said his company had a long-term plan to develop a hotel management affiliate, but not in the immediate future.
Source: VNS
Tags: hanoi hotel, ho chi minh hotel, hoi an hotel, Nha Trang hotel, resort in hoi an, rex saigon, rex saigon hotel, Vietnam hotel, vietnam hotel hanoi, vietnam hotel ho chi minh, vietnam hotels, Vinpearl Nha Trang resort, Vinpearl Resort
Posted by admin on January 10, 2011 under Vietnam travel News, vietnam hotel |
Hanoi has 560 new rooms in operation in the third quarter, increasing 7% over the same last year and a 10% up against the second quarter.
According to Savills Vietnam said there have been 41 hotels from three- to five-star in Hanoi with about 6,000 rooms, including 10 five-star hotels, 7 four-star hotels and 24 three-star hotels.
Hanoi will add 33 hotel projects to be in operation next time. There, notably, will be 3 hotels in operation in next two months, providing nearly 550 rooms. Three hotels in hanoi are Oriental Pearl Hotel (Phan Chu Trinh str.), Hotel de L’Opera (in front of Democratic Hotel, Trang Tien str.) and Crowne Plaza Hanoi (located in the Western City).
Although foreign arrivals to Vietnam reach a record 5 million compared to the previous year, the average revenue rate at five-star hotels has fallen by 10% this year and the average room rate at four-star hotels soared 30%.
“Abundance new rooms will be affected to the average occupancy of four- and five-star hotels. However, the five-star hotels take advantage of conference facilities, room rates, and preferential transport to central area; therefore, the hotels continue to attract more MICE tourists.
Posted by admin on January 8, 2011 under Vietnam Travel in the South, Vietnam travel News, vietnam hotel |
Hon Tam Hotels & Resorts-Eco Green Island Group has announced the appointment of a new Board of Directors with the aim at ensuring the hotel’s products and services meet customers’ expectation and it reflects as follows:
• Mr. Sonny Son has been officially appointed General Director of Hon Tam Hotels Group Nha Trang. He has deep knowledge and over 20 years extensive experience in the hospitality industry and was very successful with managing many 4 and 5 star hotels & resorts in Vietnam and the world. In his new position with us, he is the highest person to ensure the high quality products and best services are offered to all of our guests
• Mr. Le Quoc Phong has been appointed Director of Sales & Marketing of Hon Tam Hotels & Resorts Group. He has over 16 years experience in the hotel industry and used to be the Sales Director for New World Hotel Saigon and Norfolk Group. He will be responsible for assisting the Board of Directors with establishing Sales & Marketing strategies and planning to ensure customer service is at highest indexes.
• Mr. Nguyen Ngoc Hieu has been appointed General Manager of Hon Tam Resort Nha trang. With over 15 years experience managing many hotels & resorts in Vietnam, he will be responsible for assisting the Board of Directors with setting strategies and developing the Resort to exceed the 5 star standards.
Posted by admin on January 3, 2011 under Vietnam Travel in the Central, Vietnam travel News, vietnam hotel |
Price:
US$ 310++/night for Hill Top Villa
US$ 360++/night for Beach Pool Villa
US$ 570++/night for Water Villa or Rock Villa
US$ 1160++/night for Presidential Villa
Including:
• 1 night stay at Six Senses Ninh Van Bay
• Daily breakfast buffet
• Shuttle bus airport & boat transfers
• A bottle of sparkling wine upon arrival
• Refreshing welcome drink & fruit basket
• Complimentary services: snorkeling and kayaking
• Astronomy Evenings with “Dr Parag” our visiting astronomer during Chinese New Year
It is subject of 5% service charge and 10% tax.
Terms & conditions:
• Valid from 16 Jan, 2011 to 28 Feb, 2011
• Based on twin share and minimum stay 2 nights
• Applicable for Vietnamese nationals, the Expatriate and Asian residents only
• The package rate can not be combined with any bonus night other offers .
• This special rate is applicable for new bookings only received from 7 Dec 2010 onwards |
Posted by admin on December 30, 2010 under Vietnam Travel in the South, Vietnam travel News, vietnam hotel |
By Dat Tien
 |
| An artist’s impression of the live-star Pullman Saigon Center Hotel |
On November 29, 2010, Saigontourist will hold a groundbreaking ceremony for its five-star Pullman Saigon Center Hotel, complete the foundation for its four-star Novotel Saigon Center Hotel and inaugurate its four-star Liberty Central Hotel.
The total investment capital for the three hotels is about US$113 million. These three hotels belong to Que Huong Liberty Joint Stock Co., under the umbrella of Saigontourist Holding Company.
Nguyen Huu Tho, general director of Saigontourist, said: “Regarding the development strategy for the period 2010-2015 and the vision for 2010, Saigontourist aims to become the biggest tourism corporation in Vietnam and the region in the fields of accommodation, tourism, gastronomy and other services. The company strives for a total turnover of over US$1 billion in 2015, making tourism a key industry of HCM City and Vietnam. The three hotels, Pullman Saigon Center, Novotel Saigon Center and Liberty Central of Que Huong Liberty Joint Stock Co., are among the tens of key investment projects of Saigontourist in HCM City.”
Pullman Saigon Center Hotel
The five-star Pullman Saigon Center Hotel, on the site of the former three-star Metropole (at 148 Tran Hung Dao St., Dist. 1), will be built with a three-level underground car park, 24 floors, with 300 bedrooms, restaurants, meeting rooms and fitness clubs. It has an investment capital of US$60 million and is due to be completed in 2013.
Pullman — a prestigious upscale five-star hotel brand of Accor group — will manage the Pullman Saigon Center Hotel. Currently, the Pullman network has 46 hotels around the world, and in the future Accor plans to develop 150 hotels under this brand.
Novotel Saigon Center Hotel
Work on Novotel Saigon Center Hotel, on the site of the former QueHuong 1 Hotel (at 165-167 Hai Ba Trung St., Dist. 1), started in April, and to date the foundation has been completed. The four-star hotel is due to commence operation in 2012, with three-level underground parking, 18 floors of hotel space, 250 bedrooms, restaurants, meeting rooms, leisure and entertainment rooms. The project’s investment capital is about US$38 million.
Liberty Central Hotel
Que Huong Liberty Co. started building Liberty Central Hotel (formerly Que Huong Liberty 6 at 177-179 Le Thanh Ton St., Dist. 1), with the design by Ong & Ong Company (Singapore) and construction by CotecCons.
In February 2010, the company put part of Liberty Central Hotel into operation, consisting of one-level underground parking, 12 floors of hotel space, 139 bedrooms and other international four-star standard services, capitalized at US$15 million.
Central Restaurant can host up to 150 guests, serving breakfast and Vietnamese specialties in a Fusion style. LIO Coffee Lounge on the ground floor is a relaxing area for welcoming guests.
To meet the demand for meetings and parties, there are the luxurious Apollo conference room hosting up to 150 people, with modern equipment and two small meeting rooms, holding from 20-40 guests.
There are two private dining rooms on the second floor and the Executive Lounge on the 11th floor serving business guests.
In addition, staff at the Business Center and Concierge are ready to answer any questions. Guests can relax with services such as spa, massage, an outdoor swimming pool on the 12th floor and a gym on the top floor.
Liberty Central Hotel is managed by Saigontourist. Pullman Saigon Center and Novotel Saigon Center hotels will be under Accor’s management.
“The combination of Saigontourist and Accor will help increase international tourists, diversify and upgrade product and service quality as well as professionalism. The cooperation between Saigontourist and Accor will also contribute to perfecting management techniques of Saigontourist in line with international standards,” Nguyen Huu Tho said.
SGTimes
Posted by admin on December 24, 2010 under Vietnam travel News, vietnam hotel |
When you are looking for a romantic getaway with that special person, the setting for seduction has to be just right. Online boutique travel brand Mr & Mrs Smith (www.mrandmrssmith.com) selects 10 boutique hotels with seductive settings in some of the world’s most gorgeous locations. Reuters has not endorsed this list:
Coastal cool: Saffire, Freycinet Peninsula, Australia
Hugging Tasmania’s pure eastern shores, boutique hotel Saffire on the Freycinet Peninsula is a natural gem, with beach views from its 20 sleek suites and a spa. At first sight it resembles a shiny UFO, but this stingray-shaped sanctuary embraces the curving Coles Bay coastline, encouraging you to be at one with nature. Chef Hugh Whitehouse presides over Palate, Saffire’s top-notch contemporary restaurant where tasting menus of local seafood are a specialty, alongside quality regional produce. Activities include visits to vineyards and a marine oyster farm, trekking and island-hopping.
Cathedral couture: Hotel Notre Dame, Paris, France
Elegantly eccentric Hotel Notre Dame in Paris takes its inspiration from mighty Notre Dame Cathedral which sits before it. Redesigned by French fashion legend Christian Lacroix, the hotel’s 400-year-old building has been transformed into a dazzling homage to its illustrious neighbor, with vibrant decor mixing historic, religious and architectural motifs. Even the carpets masquerade as mediaeval paving stones, and the monumental cathedral can be seen from almost every window. Individually styled rooms blend exposed beams, bold textiles and quirky Lacroix-designed wallpaper.
Lakeside luxury: Matakauri Lodge, Queenstown, New Zealand
Matakauri Lodge in Queenstown offers Alpine elegance on the shores of Lake Wakatipu, the watery heart of New Zealand’s South Island adventure capital. With 11 luxurious rooms – all with majestic lake and mountain vistas – this boutique beauty is blessed with flawless natural assets. Stylish suites feature fireplace-warmed sitting areas, walk-in wardrobes, oversized tubs and private decks. Immaculate service, uncontrived dining and light-filled interiors add to the wow factor. Rev up with a spot of cycling, trekking, skiing in winter or bungee jumping year-round. Then unwind at Matakauri’s spa.
Spanish Steps shopping: Portrait Suites, Rome, Italy
Boutique hotels in Rome don’t come better located than 14-room Portrait Suites, a stylish Italian townhouse off designer-store-strewn Via Condotti, a handbag’s throw from the Piazza di Spagna and the Spanish Steps. An offshoot of the Ferragamo fashion empire above its flagship store, this one-time atelier is festooned with shoe-related artwork and photos of the shoemaker’s star-studded heyday. Deluxe Studio 53 is a top tip, boasting a balcony for breakfast with city views. Portrait Suites is within walking distance of Rome’s highlights, including chic boutiques for retail therapy.
Islands: Six Senses Yao Noi, Phuket & Khao Lak, Thailand
For a rustic escape in a sublime location, treat yourself to a soothing stay in Six Senses Yao Noi, a boutique retreat set on castaway Yao Noi island near Phuket. Perched on a cliffside, with beautiful views over Phang Nga Bay’s limestone pinnacles, the resort’s 56 palm-leaf roofed teak villas feel like plush log cabins or treehouses, but come with pampering personal butlers. Drink in the verdant vistas from the infinity pool or sip a mojito in the sultry Den lounge. Later retire to the Six Senses Spa in a traditional long house for holistic Thai treatments.
Peak viewing: Jade Mountain, St Lucia, Caribbean
You’ll feel like a James Bond villain in unbelievably luxurious island lair Jade Mountain in St Lucia. Architecturally astonishing and blessed with breathtaking views of the Caribbean Sea and balmy bayside, it teams zigzagging stone walkways with adventurous alfresco spaces and cascading koi pools. Each of its 29 colossal suites has an open fourth wall so you can admire the island’s landmark Piton Mountains (24 also flaunt private infinity pools with vibey fiber-optic lighting). Throw in a glam main pool, a lofty terrace bar and a seafood restaurant.
Beachside bliss: The Nam Hai resort, Hoi An, Vietnam
Beside legendary China Beach, The Nam Hai resort is a seaside shrine to design in central Vietnam. Its 100 opulent-yet-zen ocean-view villas will seduce you with net-canopied platform beds and freestanding eggshell-lacquered baths opening onto private gardens and outdoor rain showers. Beachfront Villas are particularly alluring, offering instant beach access. Dive in or just watch the waves from the resort’s three sleek pools. For more aquatic relaxation, the spa’s overwater pavilions extend above a peaceful lotus pond.
Fairytale endings: Amberley Castle, West Sussex, UK
Indulge your inner prince (or princess) by booking into moated mediaeval manor Amberley Castle in West Sussex. You’ll feel suitably period-drama as you glide up the drive of this British castle and arrive at the main gates and portcullis. Once you’ve taken in the manicured grounds, ogle the historic furnishings indoors. Ideally stay in the main body of the 19-room castle: Amberley offers sumptuous beds, his ‘n’ hers bathrooms and a window-seat overlooking the courtyard or intimate Pevensey has its own door to the battlements.
Glam ocean views: Soho Beach House, Miami, USA
Lording it over its Miami Beach location, retro-quirky Soho Beach House’s bright white 16-storey building boasts a Cowshed Spa, A-list restaurant Cecconi’s and a rooftop pool. This is the hotly anticipated new Florida incarnation of original members-club Soho House in London, beloved of the in-crowd. Mingle with the beautiful people at no less than three bars: the Cuban-style Club Bar, inspired by 1940s Havana; Tiki Bar, between the beach and sun-lounger-flanked garden pool; and the adults-only 8th-floor bar with dreamy Atlantic views.
Rooftop romance: The Fullerton Bay Hotel, Singapore.
Rooftop bars are all the rage, and Lantern, lighting up the top of The Fullerton Bay Hotel on Singapore’s super-central Marina Bay waterfront is one of the best. Perched poolside on the 7th-floor with dreamy day-beds, Jacuzzis and loungers, it’s a sexy spot to sink a cocktail while soaking up striking sci-fi views of the three-towered casino complex opposite and the city’s seductive skyline. With swish public areas designed by rising talent Andre Fu and 98 bedrooms that doff their caps to the Lion City’s colonial and pan-Asian roots.
(Editing by Paul Casciato – Reuters)
Posted by admin on December 23, 2010 under Vietnam travel News, vietnam hotel |
Four Vietnam hotels won coveted spots in a listing of the world’s top 500 hotels by Travel + Leisure magazine.
In its Jan.2011 issue, the New York City-based magazine called out the Sofitel Legend Metropole Hanoi, Caravelle Hotel, Park Hyatt Saigon and Hilton Opera in its ninth annual world’s best survey, known as the T+L 500.
Caravelle Hotel Saigon
The magazine polled its 973,000 subscribers, soliciting votes for the best hotels around the world. Three hotels in Cambodia made the grade. There was one from Laos, and 12 from Thailand.
This year’s inclusion was a first for the Caravelle. Indeed, T+L readers gave higher marks to the Caravelle than to its cross-square rival, the Park Hyatt. While the Metropole ranked first at 90.87, the Caravelle won a second place finish with 88.40 points. The Park Hyatt scored 87.72.
“Over the past two years, as fine new hotels have come into the Ho Chi Minh City market, we’ve distinguished ourselves in a number of directions,” said John Gardner, general manager of the Caravelle. “We’ve stopped charging for access to the Internet. We’ve implemented a number of ‘green initiatives that promote sustainability and put a stop to needless consumption. And we’ve worked on loyalty programs that earn repeat visit from incentivized guests.
Later this year, the Caravelle hotel starts work on a top-to-toe refurbishment of the entire hotel.
In Hanoi, the Travel + Leisure award caps a landmark year for the Metropole, which took home prestigious hospitality honors from Conde Nast Traveler, Travel + Leisure, PATA, Cigar Aficionado and a number of other publications and organisations.
Posted by admin on December 22, 2010 under Vietnam travel News, vietnam hotel |
VietNamNet Bridge – The sharp increase in the number of tourists visiting Vietnam is good news for Vietnam hotel developers. Real estate developers, anticipating the new wave of tourism development, have been rushing to build more hotels.
In the third quarter of 2010, the “gold inlaid” five-star hotel Grand Plaza with 400 rooms was put into operation. Two other three star hotels Oasis and Asean have also become operational, thus raising the total number of new hotel rooms to 560. The newly operational hotels increase the total number of rooms ready to serve tourists by seven percent in comparison with the same period last year and by 10 percent in comparison with the second quarter of 2010.
According to Savills Vietnam, a real estate service provider, to date, Hanoi has had 41 3-and-higher-star hotels with 6000 rooms, including 5-star hotels, seven 4-star and 24 3-star hotels.
Also according to Savills Vietnam, Hanoi expects to have 33 more hotels to be put into operation in the time to come. In the immediate time, three hotels will officially join the market, including Oriental Pearl Hotel on Phan Chu Trinh street, Hotel de L’Opera (which was once Dan Chu Hotel) on Trang Tien street and Crowne Plaza Hanoi located in the west of the city, which will provide 550 rooms.
Vu The Binh, Director of the Travel Department under the Vietnam National Administration of Tourism (VNAT), said that in 2010, the number of foreign tourists to Vietnam may reach the record high of five million. These include 770,000 travelers from China, 400,000 from Japan, and 350,000 from the US. Besides, Vietnam also receives the tourists from Taiwan, Australia, Cambodia, Thailand, Malaysia and France.
Robert Mcintosh, Managing Director of CBRE Asia Pacific, a real estate service provider, said that the increasing number of tourists to Vietnam should be seen as the good news for Vietnam hotel business. However, he said that hotel developers should draw up clear business strategies right when they decide to do business in this field. They should point out who will be their target clients, so that they can have a suitable design, thus allowing to optimize profit. Every hotel should provide the kinds of services that fit their target clients. He also said that it is necessary to have specific services for domestic travelers – the clients with great potentials.
However, according to CBRE, the turnover of 5-star hotels has decreased by 10 percent in comparison with the same period last year, while the turnover of 4-star hotels has decreased more sharply, by 31 percent. The noteworthy thing is that the turnover has decreased even though the hotel room occupancy has increased. This can be explained by the fact that the hotel room rates have been decreasing in all market segments. Especially, the room rates of five star hotels have dropped most sharply, by 13 percent in comparison with the same period last year.
Meanwhile, according to Savills Vietnam, once new hotel rooms are available, the room capacity may decrease. However, five star hotels in Vietnam, with their big advantages, will still be able to attract businessmen and the clients who book room for conferences and workshops.
Posted by admin on December 20, 2010 under Vietnam travel News, vietnam hotel |
The five-star Majestic Hotel in downtown HCMC is working on a plan to spur electronic transactions next year to facilitate its business expansion, the hotel’s general director said.
Nguyen Anh Vu told the Daily the hotel would be constructing a new website to facilitate e-payments and boost this sales channel.
The number of guests who make bookings and pay online has been on the rise, accounting for over 28% of guests at the hotel. Meanwhile, online sales make up around 30% of total room revenue from early this year to December 8.
These encouraging results have led the hotel to further embrace e-transactions, he said.
In addition to investing in the website, the Majestic is connecting to other websites such as Agoda and Expedia to get more customers.
The emerging trend of tourists choosing free and easy travel is another reason for the hotel to develop e-commerce. “We have had many promotion programs on those websites and will do the same next year,” Vu said.
The hotel has put its revenue in the year to December 8 at VND192 billion, up 19.3% compared to all of 2009, its gross profit at VND95.5 billion, and average room occupancy at 67.7%.
Concerning the room rate policy for next year, Vu said, the Majestic hotel will keep room rates unchanged from this year since major markets such as Europe and the U.S. have yet to reach full recovery.
The hotel is building a new 28-story building of 205 rooms and when in place after three years of construction, the number of rooms will rise to 380 rooms, plus offices and other facilities at the corner of the Dong Khoi, Ton Duc Thang and Nguyen Hue streets in the city’s commercial district.
Source: SaigonTimes Online
