Photo credit: Hoang Dinh Nam/AFPWhile the average occupancy rate at high-end hotels in Vietnam rose slightly in 2015, it was significantly lower than that of Thailand and the Philippines, a survey found. Meanwhile, the occupancy rates at four- and five-star hotels in Thailand and the Philippines ranged between 73 and 77 percent, Grant Thornton said. The survey, released by consulting firm Grant Thornton Vietnam in Ho Chi Minh City on Wednesday, said that four-star hotels in Vietnam saw an increase of 1.2 percent, from 60.3 percent in 2014 to 61.5 percent in 2015, in their occupancy rate. In terms of room rates, four-star hotels in Vietnam cut their rates by 17.1 percent to US$72.3 in 2015. Five-star hotels had a better performance, with the rates increasing by 1.2 percent to $111.4.

Source: Thanhnien News July 07, 2016 03:30 UTC