Why are the top hotels in Saigon so expensive?
Given the supply and demand you would think that they'd just lower the prices to fill more rooms. I stayed at the Hotel Equatorial Ho for $70 per night (it was probably at ~50% occupancy) and the Caravelle for $100 per night (this one was probably at ~33% occupancy)... this was just this past summer but now the Equatorial is at $130 and the Caravelle is at $180!!!! Where can I book these hotels for more reasonable rates? What is the best affordable (~$60-$100 per night) hotel in Saigon? I want to go back this winter but at these rates I am better off going to Thailand.
Larger hotels are not as dependent on maximizing occupancy rates as smaller hotels would be. Hotels, such as the Caravelle, make most of their revenue from restaurants, banquets, conference rooms, bars, casinos and other amenities and are not completely dependent on hotel room bookings as smaller hotels not having additional revenue sources would be. That in mind, smaller hotels would be faster in responding to maximize their occupancy rates by adjusting their rates and/or negotiate a more favorable rate with walk-in customers. This really has nothing to do with Vietnam though. This is a common issue in the hotel industry worldwide.
Your other two answers are correct that you should consider negotiating your room rates every time you stay at a hotel. Unless you ask, you will never know when you will catch a break even at places like the Caravelle. You will be surprised to find that more often than not you will get a discounted room rate just by asking.
Have a great time!
Caravelle Hotel - Ho Chi Minh City
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caravelle hotel saigon
caravelle hotel saigon
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