News & Events

Hospitality meets in HCMC

SINGAPORE, 17 May 2016: Sphere Conferences announced, Monday, the launch of the inaugural Hospitality Investment Conference Vietnam (HICV), that will be held 12 to 13 July at Reverie Saigon, in Hoi Chi Minh City, Vietnam.

Sphere is the conference arm of Singapore Press Holdings Limited.

Vietnam’s fast expansion of its tourist industry and a positive growth in hotel performance underscores the importance of a conference that looks at hospitality investment opportunities in the country.

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 and YWS Design.

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.

Illustrating the Vietnam’s hotel growth trends, 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.

The first two conferences of the Hospitality Investment series in 2016 concluded successfully in Manila and Jakarta earlier this year. Subsequent conferences will be held in Ho Chi Minh City, Yangon and Colombo.

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