Five-star hotel opens in Hanoi
15/12/07 (GMT+7)
Hotel opens in Hanoi (Hotels in Hanoi), interContinental Hanoi Westlake Hotel opened its doors yesterday.
 The five-star hotel is located over the waters of Hanoi’s West Lake and boasts 360 guestrooms and 19 suites. It has a total investment capital of US$123mil, according to Jon Nielsen, the property’s general director.
The hotel is owned by TPC Nghi Tam Village, a joint venture between Tradewinds Corporation Berhad, one of Malaysia’s largest hotel owners, and Thang Long Tourism and General Trading Company. It is managed by the UK’s InterContinental Hotels Group.
"We hope the hotel will give local and foreign visitors an excellent impression of the capital city and make an overall positive contribution to national tourism," said Jon.
"While the number of international visitors is increasing rapidly, Hanoi now has only eight five-star hotels," he said. "We expect that the opening of InterContinental will help ease the problem of hotel space shortage in the city."
Tens of thousands of rooms required |
Hanoi will require nearly 35,000 additional hotel rooms across all grades by 2020, including 15,000 three to five-star hotel rooms, according to CB Richard Ellis Vietnam Executive Director Richard Leech. The city currently has under 5,000 rooms of this range.
Over the past few months, the average occupancy rate in five-star hotels remains high at some 75%, while the average room rate was around $125. Demand remains high and no new hotels were completed between 2005 and 2007.
By 2010, the four and five-star market is expected to grow by 3,700 rooms. "This expansion should help support the increasing number of international tourists travelling to Hanoi as well as the anticipated rise in business travellers as more international companies set up offices here," said Leech. |
InterContinental Hotels Group now operates in nearly 100 countries and territories with around 3,800 hotels and 563,000 guest rooms, according to Jon.
Vietnam last Thursday clocked in its 4 millionth international visitor of this year, the biggest number in a single year recorded so far. CB Richard Ellis Vietnam Company expects the number to reach 10mil in 2010.
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(Source: Viet Nam News)
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