Hanoi hotel room rates skyrocket for maiden F1 season
MarketForeign tourists are keen to attend Vietnam’s first F1 motor race, due to kick off in April in Hanoi, but local tour operators are struggling to arrange tours in that month due to hiking hotel prices in the capital city.
High land prices hinder Khanh Hoa from attracting new projects
InvestmentKhanh Hoa province attracted 12 investment projects with total registered capital of nearly VND4.4 trillion in the first ten months, well below the amount seen in the same period last year, mainly due to high land price.
Many one- to two-star hotels in Khanh Hoa see poor occupancy rates
MarketKhanh Hoa Province has seen hotel room occupancy rates at 1- to 2-star hotels remain low over the past few months. The occupancy of the segment has stagnated at 26% since early 2019, with the highest reaching below 50%.
Phu Quoc calls for investment in three projects
InvestmentKien Giang Province's government has added three projects, at a cost of over VND4.8 trillion, to the list of projects in need of investment on Phu Quoc Island in 2019.
Airbnb hosts in Ho Chi Minh City see higher revenue than in Hanoi
MarketAirbnb hosts in HCMC earn a higher average revenue for homesharing services than those in Hanoi. Especially in the winter, each of the HCMC-based homeowners generates VND11.5 million (US$491) per month, while the monthly income of a host in Hanoi is some VND6.7 million.
Khanh Hoa hotels face price cut pressure from oversupply
MarketThere are more hotels in the south-central province of Khanh Hoa than needed, leading Chinese travel agencies to demand steep hotel room tariff cuts and the elimination of deposits for hotel bookings.
Vung Tau to create more public spaces near beaches
PolicyVung Tau City will create more open, public spaces near beaches, with roads leading to the sea from different directions following the city’s plan for 2035.
