Asia -  Ho Chi Minh, Vietnam

Hotels in Ho Chi Minh City (HCMC), Vietnam’s commercial hub, experienced pressure in 2014 on account of a decline in Chinese visitors to the country. However, unlike Hanoi – the capital city, HCMC could not recover as a result of supply pressure in 2015. With the opening of hotels with large inventory such as the 350-key Le Meridien Saigon, RevPAR remained soft. The HVI estimated a 21% decline in valuation in USD terms for the city during that period.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Ho Chi Minh RevPAR Change

Ho Chi Minh RevPAR

Year RevPAR
2013 93.56
2014 90.56
2015 80.36
2016 80.99
2017 (f) 83.33
2018 (f) 87.89

For more information, please contact:

Hok Yean CHEE
hychee@hvs.com
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
mlho@hvs.com
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)