Hotel room rates in Hanoi highest in Vietnam

Vietnam is getting more expensive (and not only hotel rooms), compared to its neighbours Cambodia and Thailand.

A unstoppable demand for accommodation especially in 5 star segment with not enough rooms available, have led to an under supply with hotels being winners for now and able to charge sky high rates.

Grant Thornton conducted a survey on hotel rooms in 2007, which showed that the hotel room rates increased by 37% over 2006. The survey was conducted at 37 3-5-star hotels with 5,200 rooms.

Hanoi proves to be the most expensive destination in terms of average room rates, while Da Lat the cheapest.

On average, every client who stays in Hanoi hotel rooms has to pay $82.78 more than in Da Lat.

The hotel room occupancy rate has increased by 142% in the last four years. HCM City is the city which had the highest occupancy rate, 79.32% in 2007. Phan Thiet saw the highest growth rate in hotel room occupancy rate, 29.4%.

The majority of clients who stayed in 5-star hotel rooms were businessmen, while the majority of clients of 4-star hotels were travelers, who went on tours.

According to Grant Thornton, the most noteworthy thing is that the number of clients who hired hotel rooms for business purposes increased by 52.6% compared to 2005.

Looks like more travelers will look for better deals soon elsewhere?