Updated  
January, 16 2012 09:55:44

City firm to focus on hotel projects

HCM CITY — Developing and upgrading three- to five-star hotel projects will be one of the major focuses of the Saigontourist Holding Co., in the next few years, senior officials said at a company meeting last week.

Tran Hung Viet, general director of Saigontourist, said the firm would focus its strength on major areas including hotels, travel and restaurant services, which are posting good business results.

"œBetween 2012 and 2014, we will prioritise investments in these three fields, instead of other sectors like construction or food processing," Viet said.

The company is completing the paperwork for investing in dozens of hotel projects in HCM City and other localities across the country including Ha Noi, Nha Trang, Sa Pa, and Con Dao.

In 2011, the company achieved good business results with its hotel and restaurant services. Some 1.25 million of the total 1.6 million tourists going on tours operated by Saigontourist last year chose to stay in the company's hotel network, contributing to an average room occupancy of 65 per cent.

Saigontourist currently operates eight travel agencies, 54 hotels, 13 resorts and 28 restaurants.

Last year Saigontourist achieved a total turnover of over VND11.3 trillion (US$538 million), a year-on-year increase of 14.6 per cent, with gross profits of nearly VND3.5 trillion ($166 million), up 10.9 per cent over 2010. —VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Wild peach branches disappear as demand rises Wild peach branches disappear as demand rises

It's hard to find ancient wild peach branches on sale in the northern mountainous province of Son La, due to their overexploitation by the local people.

Flower Road to be opened today Flower Road to be opened today

The Flower Road in HCM City's Ham Nghi Street will be opened to the public at 7pm today. Viet Nam News photographer Van Dat presents different images of the Flower Road, as seen through his lens.

Vietnamese consumer confidence "largely intact": Economist Vietnamese consumer confidence "largely intact": Economist

Vietnamese consumers started 2015 with their confidence broadly unchanged after a tumultuous 2014, ANZ Bank Economist Glenn Maguire said in a recent report.

Viet Nam ranks 10th worldwide in remittances Viet Nam ranks 10th worldwide in remittances

Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.