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Briefing hotel sector

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Briefing hotel sector

 In Q1/2015, HCMC’s hotel market welcomed a total of 200 new rooms. The rooms came from a new 5-star hotel, additional stock from an existing 4-star hotel and a reopened 3-star hotel. A 5-star and a 3-star hotel with approximately 310 rooms were temporarily closed for renovation.

As of Q1/2015, HCMC had 99 hotels supplying approximately 13,100 rooms, decreasing -1% quarter-on-quarter (QoQ) but increasing 4% year-on-year (YoY).

Source : Savills

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