However, many of them did not stay at luxury hotels as they had many choices for 2-3 star hotel rooms. Therefore, despite the higher number of travelers, the occupancy rate has decreased and room rates increased at luxury hotels. 2016 was the year that marked the recovery of the hotel sector with improvement in the high-end hotel capacity. However, as the supply of high-end hotel rooms is expected to increase significantly, the competition among high-end hotels will be fierce. Analysts noted that Samsung has been a big client of high-end hotels in Hanoi.

Source: VietNamNet News October 05, 2017 07:18 UTC