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Developers to add six luxury hotels in Vietnam’s Nha Trang this year: Savills

Tuesday, March 17, 2015, 19:30 GMT+7

Nha Trang City in south-central Vietnam is expected to see the opening of six more luxury hotels this year, according to the Vietnamese branch of a global real estate services provider.

The city is the capital of Khanh Hoa Province, located on the south-central coast.

The Vietnam News Agency cited a recent survey by the Vietnam business of Savills, which is a global real estate services provider, as indicating that six four- and five-star hotels will be inaugurated in the city by the end of 2015.

The new hotels will provide 3,200 deluxe rooms to meet the demand of domestic and international tourists.

The resort city saw the inauguration of four new deluxe hotels last year.

It now boasts over 4,000 rooms in 20 four- and five-star hotels, which means a 24 percent rise compared to 2013, the Savills Vietnam survey said.

Most of the city’s extravagant hotels are auspiciously located along the coast and boast gorgeous sea views.

Savills Vietnam added that international tourist arrivals to Khanh Hoa Province witnessed a surge of 18 percent per year from 2007 to 2014.

The province welcomed over 850,000 international tourist visits last year.

However, the city’s hotel activity has slowed down compared to 2013, as Russian tourists, who make up a major portion of its clientele, have tightened their belt.

Hotel room renting capacity now attains only 70 percent of that in 2013, the survey pointed out.

Last year saw a 65 percent rise in the number of Russian visits, and South Korean visits came second, Khanh Hoa Province’s Department of Culture, Sports, and Tourism reported.

The number of Chinese tourists has not seen a recovery until recently and is expected to soar this year.

However, last year witnessed a marked drop in the number of tourists from such markets as the U.S., the U.K., France, Germany, and Japan.

The province’s tourism sector earned over VND6 trillion (US$279.62 million) in revenue in 2014.

The tourism department predicted that the number of international tourists to the province, particularly Russian visitors, will fall this year and in a few more years to come.

However, Savills Vietnam experts remain confident about Nha Trang City’s tourist appeal and the growth in hotel clienteles.

Savills is a global real estate services provider listed on the London Stock Exchange, according to the company’s website.

It boasts an international network of over 600 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East, and offers a wide range of specialist advisory, management and transactional services to clients all over the world.

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