The hotel performance of Ho Chi Minh City (HCMC) outpaced that of Hanoi in the first six months of the year, according to data from STR Global, provided exclusively to Travel Daily. HCMC achieved 15.0% year-on-year growth in terms of revenue per available room (revPAR) in January-June 2011, driven by strong occupancy (+12.7% to 74.0%) and a slight increase in average daily rates (ADR – +2.0% to US$128).
By contrast, Hanoi’s revPAR expanded just 2.1% in H1 2011, with occupancy dropping 3.4% to 63.4% and ADR rising 5.8% to US$116. The Vietnamese capital’s results were affected by a weak June, which saw occupancy drop 11.7% year-on-year to just 55.2%.
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