The recent statistics by STR showed that Vietnam recorded a 5.6% increase in occupancy to 68.7%. There was a 4.5% rise in Average Daily Rate (ADR) to USD130 and Revenue Per Available Room (RevPAR) grew by 10.3% to USD89. According to the Vietnam National Administration of Tourism, the country also saw a 13.5% year-on-year increase in arrivals from Russia during the quarter. STR analysts note that the country is viewed as a more secure destination compared to other traditional destinations for Russians. The Vietnamese government has eased visa policies and recorded the highest ADR to date.
Key industry players at the event include Alcatel-Lucent Enterprise, Baker & McKenzie (Vietnam), C9 Hotelworks, Centara Hotels & Resorts, Delivering Asia Communications, EXO Travel Vietnam, Grant Thornton (Vietnam), Hilton Worldwide, Ho Tram Grand, IMF Golf Course Management, Jones Lang LaSalle, Lanson Place Hospitality, Moevenpick Hotels & Resorts, Plateno Group, QUO, STR, Tung Shing Group, Vina Caital, Wyndham Hotel Group, YWS Design and many more.
The discussion topics at the two-day Conference include the Vietnam investment climate and development outlook; hotel branding and designing in a market of timeless charm; contract negotiation; operator selection; presenting hospitality to the millennials; the gaming sector; new destinations; golf courses and hospitality complexes.
Mr Ken Atkinson, Executive Chairman of Grant Thornton (Vietnam), said: “Vietnam is growing at an increasing pace and the hotel sector is in need of an event which facilitates meaningful discussions among hotel owners, operators, developers and investors on the investment opportunities available. Sphere Conferences has established its hospitality series in the region as credible platforms to do that.”
Ms Patricia Cheong, General Manager of Sphere Conferences, said: “The events that we have launched in the hospitality sector have garnered encouraging results. The first two conferences of our Hospitality Investment series in 2016 concluded successfully in Manila and Jakarta earlier this year. We will continue to build on the success and develop the subsequent conferences in Ho Chi Minh City, Yangon and Colombo to become the mainstay events in their respective markets.”
For more information about the Hospitality Investment Conference Vietnam 2016, visit http://www.hicv.
For more information about the Hospitality Investment series, visit http://www.sphereconferences.