The feasibility of building hotels in Nha Trang resort city in central coastal Khanh Hoa province is better than other cities because of its success as a tourism destination, according to real estate service and consultancy provider Savills Viet Nam.

The total number of tourists coming to Nha Trang has been stable despite the economic slow-down, which indicates a promising future for the hotel market there, Savills said.

The next few years, Savills reckons that 14 hotel projects with about 2,300 rooms could be completed in Nha Trang.

Currently, there are 373 hotels in Nha Trang, providing 9,712 hotel rooms.
They include three 5-star hotels and resorts, five 4-star hotels, twelve 3-star hotels and approximately 51 two-star ones.

Since October, many hotels of all grades have offered discounted room rates.

The majority of tourists travelling to Nha Trang during this period are foreigners. Hence, occupancy of 4-star and 5-star hotels is higher than in 3-star hotels due to foreigners’ preference for high quality rooms.

Nha Trang has long been renowned as a popular tourist destination, but the MICE ( meeting – incentive –conference – event) segment and demand from other business travellers remains limited.

The number of tourists in Khanh Hoa province increased constantly in the period 2000-08.

In 2008, despite the global economic downturn, Khanh Hoa welcomed about 1.6 million visitors, an increase of nearly 17 percent compared with 2007, in which domestic and foreign visitors accounted for 80 percent and 20 percent, respectively./.