North-south divide grows for Vietnam hotels
Published on Jan 9, 2012
Data from STR Global shows hotels in Ho Chi Minh City outperforming those in Hanoi...
The performance of hotels in Vietnam’s two largest cities – Hanoi and Ho Chi Minh City (HCMC) – contrasted considerably in 2011. According to data from STR Global, provided exclusively to Travel Daily, hotels in HCMC, the southern financial capital, experienced an 11.9% jump in revenue per available room (revPAR) in the first 11 months of last year, with both average daily rates (ADR) and occupancy levels increasing year-on-year. In the northern national capital Hanoi, however, revPAR fell 6.2% year-on-year as a 6.8% decline in occupancy levels off-set a marginal 0.6% rise in ADR.