Hotels raise room prices

VietNamNet Bridge – The prices of hotel rooms in the north have increased the most, at more than 21%, while it is 15.7% for hotels in the central region. Prices remain stable in the south.

The north also takes the lead for room occupancy, at more than 74%.

These are results of a survey on the hospitality industry of Vietnam in 2006-2007 by Grant Thornton Vietnam (GTV), a firm specialising in financial consulting and auditing services, based on the data supplied by 29 hotels of 3-5 star standard in Vietnam.

According to the survey, the number of local tourists who are able to afford to pay for luxurious rooms is on the rise.

To become a country with a developed tourism industry, with 6 million international visitors and $5 billion of revenue by 2010 as its goal, Vietnam has to build more 3-5 star hotels, with a total of 28,000 rooms in the next three years.