To accommodate 7 million foreign visitors and 24 million local tourists in 2020, HCM City will need 27,000 more hotel rooms, including 6,700 rooms of three- to five-star standards.
According to the Hotel Division under the Department of Culture, Sports and Tourism, the number of international arrivals in the city has risen by about 10 per cent annually, and the number of local visitors has had slightly lower growth. The average stay is 2.6 days for international visitors and 2.5 days for local travellers.
The development pace in the hotel sector in HCM City has slowed in recent years, and most of the hotel projects have been delayed because of capital shortage, with several five-star hotel projects falling behind schedule. — VNS