Hotel and Tourism Development in Vietnam --- By: Connie Mok‚ Associate Professor‚ Conrad N. Hilton College of Hotel and Restaurant Management‚ University of Houston‚ Houston‚ TX 77204. Terry Lam‚ Lecturer‚ Department of Hotel and Tourism Management‚ The Hong Kong Polytechnic University --- Since 1996‚ the introduction of an economic reform policy‚ Doi Moi‚ Vietnam has undergone a transition from a centrally planned economy to a free-market-oriented economy. Vietnam ’s entry into ASEAN in
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JANUARY 2011 HVS HOTEL DEVELOPMENT COST SURVEY 2010 Elaine Sahlins Senior Vice President‚ HVS San Francisco Consulting & Valuation HVS Consulting & Valuation | 100 Bush Street‚ Ste 750‚ San Francisco‚ CA 94104‚ USA HVS Hotel Development Cost Survey 2010 Elaine Sahlins – January 2011 HVS has tracked hotel construction costs throughout the United States since 1976. The survey considers data for six lodging types: Economy/Budget Hotels‚ Midscale Hotels w/o F&B (without Food and Beverage)
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• Capacity control. Refers to who will control the sale of inventories of hotel rooms‚ airline seats‚ auto rentals‚ and tickets to attractions. Presently‚ owners of these assets are in control of their sale and distribution‚ but increasingly control is falling into the hands of those who own and manage global reservation systems and/or negotiate for large buying groups. Factors involved in the outcome will be telecommunications‚ software‚ available satellite capacity‚ governmental regulations‚ limited
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10 9. Competition Environment 10 9.1 Additional to Competitive Supply 12 9.2 Estimated Penetration for Proposed Hotel 12 10. The Market Entry 13 11. Conclusion 13 Reference 15 Appendix 16 Figure 1 16 Figure 2 17 Figure 3 18 Figure 4 19 Figure 5 20 Figure 6 20 Figure 7 21 1. Company Background Royaltelle International Limited is a hotel management and holding company. It is a subsidiary company of Sun Hung Kai Property Limited (SHK). 2. Introduction
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“What are the major obstacles in your country’s development to achieve long-term and sustainable growth and in addressing such obstacles what public policies need to be put in place‚ particularly in relation to national technology and innovation capability?” Vietnam’s reform process named Doi Moi (Renovation) since 1986 witnessed success of market-oriented changes. Not only has Vietnam been one of the world’s fastest growing economies (averaging over 7 per cent p.a. GDP growth)‚ it has made great
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At first glance‚ the budget hotel sector1 looks promising over the long term. It offers a reliable value proposition: a clean‚ dependable‚ inexpensive place to stay for business people and tourists. These hotels offer better facilities than most one to two star hotels or guesthouses in many cities and districts where previously the economy hotel experience could best be described as uncomfortable –all at a similar price level. There is also the potential
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Sustainable Development in Hotel Industry by Chandershekher Joshi “Customers’ green attitudes are‚ in general‚ significantly associated with their expressed intentions to visit a green hotel‚ to spread word-of-mouth about a green hotel‚ and to pay more for it.” -- International Journal of Hospitality Management “Eco-friendly hotels get higher consumer reviews than their non-green counterparts.” -- Travelocity Executive Overview Today‚ ‘Green’ or ‘Sustainable’ hotel becomes a buzz
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and cutting-edge style of a boutique hotel with the distinct positioning of a contemporary‚ design-led lifestyle brand‚ W has created an entirely new segment in the hotel industry. Founded in New York City in 1998‚ W Hotels quickly achieved success as a New York phenomenon before evolving into the global powerhouse it is today. Signature programming‚ future-forward design and a devoted guest following‚ all backed by the power of Starwood Hotels and Resorts‚ have made W the leading
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Economic development challenges > > Vietnam had been heavily wounded after centuries of being colony and only be able to claim independent 35 yrs ago from the American war. The Vietnamese economy was shattered after the United States Government had dropped Agent Orange on crops‚ bombed farm lands and imposed heavy sanctions after the ’pull out’ of American troops. Vietnam’s agriculture‚ business and industry were devestated. The economy was left with by small-scale production‚ low labor productivity
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EVOLUTION OF HOTEL INDUSTRY: Overall Growth in 2005 -2006 OVERALLGROWTH IN 2005 - 06 OCCUPANCY RATE : 2.6% AVERAGE RATE : 23.7% REVP : 26.9% (IN IMR AND 28.1% IN USD) HOTEL: Hotel or Inn may be defined as an establish‚ment whose primary business is providing paid lodging facilities for the general public‚m and which furnishesone or more of the services like - Food & Beverages Services‚ Concierge‚ Bell or Door Attendants Service‚ laundry or Dry Cleaning‚ and use of furniture and
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