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| An outside view of the Majestic Hotel Saigon in HCMC’s District 1 - Photo: My Tran |
From 2005 to 2010, despite the economic slowdown the hotel met its targets with high average growth of 24% in annual turnover. The pre-tax profit in 2010 was more than four times the figure in 2005.
The hotel also has good environmental credentials with environmentally friendly products and green tourism development.
Nguyen Anh Vu, director of the hotel, said during 2011 the hotel will expand its operation into the third phase; building a twin tower with 24 floors, 336 rooms, a new ballroom and 12 conference rooms. The hotel will continue upgrading rooms into five-star standard and expand its business into Northeastern Asia to promote the brand name in the region.
The Majestic Hotel Saigon, under management of Saigontourist, was built in 1925. At 1 Dong Khoi Street in HCMC’s District 1, it has 175 rooms designed with French décor with Saigon River views.
