The average room rate for five-star hotels in Vietnam in 2017 recovered from a 2.2 percent decline from the previous year, picking up 4.2 percent to 107.6 USD, according to a recent survey by US-based audit, tax, and advisory service provider Grant Thornton.
Construction of the five-star Sao Mai international hotel complex began at Nhut Hong new urban area, city of Ca Mau, the same name province, on December 19.
Four- and five-star hotels in Ho Chi Minh City have seen a slight decline in room rates although the rising number of tourists has resulted in an increase in occupancy rates at high-end hotels.
Vinpearl Can Tho Hotel, the first five-star hotel in Can Tho city, was inaugurated on December 24, becoming the tallest building in the Mekong Delta region.
Vietnamese Muong Thanh Group on July 29 inaugurated the five-star Muong Thanh Luxury Vientiane Hotel in Laos’s capital of Vientiane, which is its first hotel abroad.
The Bac Lieu province People's Committee has approved an architectural design for a five-star hotel to be built in the shape of a Vietnamese moon-shaped lute.
The five-star Eastin Grand Hotel Saigon was officially opened on May 20
in Ho Chi Minh City, marking the first presence of the Eastin brand in
the city.