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High-end hotel boom in Nha Trang

Released at: 16:02, 18/03/2015

High-end hotel boom in Nha Trang

Around 3,200 rooms in six four- and five-star hotels to enter the market in Nha Trang this year

by Hoai An

Nha Trang will have six four- and five-star hotels completed this year, providing 3,200 luxury hotel rooms to the market, according to a report from Savills Vietnam.

In 2014 the coastal city saw four new projects open in the four- and five-star category. It now has more than 4,000 rooms in 20 four- and five-star hotels, an increase of 24 per cent compared to 2013. Most are located along the coast or beachfront and have spectacular ocean or bay views. There are 8 per cent more four-star hotels than five-star hotels.

According to the Savills’s report, from 2007 to 2014 the number of international visitors to Nha Trang and Khanh Hoa province increased by 18 per cent each year. In 2014 more than 850,000 international visitors and 2.8 million domestic visitors were welcomed.

However, the hotel industry in Nha Trang remains quieter than it did in 2013 due to the economic crisis and the falling exchange rate in Russia, where many have tightened their spending, which have had a strong effect on tourist numbers, especially when room supply continues to increase. The occupancy rate fell by 6 per cent to 70 per cent and the average price per room fell by 14 per cent, to VND2.7 million ($126) per night.

The supply of hotels in Nha Trang is still expected to increase, however, based on its infrastructure and beautiful scenery, making it a leading choice for international events.

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