Five-star hotels’ occupancy rate in HCMC reaches 85 percent

The occupancy rate of many five-star hotels in HCMC has reached 80-90 percent. Some facilities have achieved the same growth rate as before the Covid-19 epidemic.
According to a representative of Park Hyatt Saigon hotel, the business situation has become prosperous since Vietnam fully reopened for international tourism from March 15. The hotel’s occupancy rate has achieved 80-85 percent.
In addition, Sheraton Saigon hotel also saw an occupancy rate of 85-90 percent. Most visitors travel to HCMC and stay in luxury hotels to attend meetings and conventions.
The HCMC Department of Tourism estimated that the average occupancy rate among 4-star and 5-star rated hotels in the city has reached about 70 percent. The city’s total tourism revenue was VND49,681 (US$2.1 billion), up 30 percent compared to the same period last year and achieved 73.5 percent of this year’s target.

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