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 84.80
2017 86.60
2018 (f) 90.17
2019 (f) 93.86
2020 (f) 95.77

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)