With the number of international tourists declining for the three straight months, many hotels in HCM City are cutting room rates.
The sales manager of a five-star hotel said the hotel was now offering rooms at just VND2.1 million (US$100) per night, VND1 million less than a month ago.
An international hotel in downtown HCM City lowered room rates from over VND3 million a week ago to VND2.2 million per night.
Currently guests can get a five-star room at $80 per night, a rate unheard of in the past.
According to tourism authorities, Viet Nam received 614,000 foreign tourists in April, down 2.4 per cent compared with the same period last year.-VNS