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North-south divide grows for Vietnam hotels


01/09/2012

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.

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