HCM City hotel market bounces back in Q1Average hotel occupancy rate in Ho Chi Minh City reached 74 percent in the first quarter, increasing by 6 percentage points from the same period last year. A tour guide shows local products to foreign tourists at Ben Thanh Market in HCM City. Savills Vietnam said by 2020, 14 new projects will add to the market about 3,500 rooms. Tourism services revenue earned during the period exceeded 31.7 trillion VND (1.39 billion USD), up 14.4 percent on year. The first quarter also saw 394 travel companies established in the past three months, registering 1.2 trillion VND (52.8 million USD) in capital.-VNA

Source: VietNamNet News April 11, 2018 04:41 UTC