Mr. Truong Vinh Tho, Head of Hotel Management under the Department of Culture, Sport and Tourism City, for known years 2006 - 2007 a lot of investors to domestic and foreign offices to learn about investment opportunities in the hotels in the city. However, within two years virtually no investors looking to do.

2007 was a time when the tourism industry meet double digit growth over several consecutive yearsIn that year, the tourism industry, said the city lacks to 4,000 hotel rooms to serve guests and predicted that by 2010, ie a lack of about 14,500 rooms this year, including the Office 7000 standard 3-5 star.

 At that time, lack of room situation was so tense, HCM City has asked the Department of Tourism (now the Department of Culture, Sport and Tourism) in cooperation with other departments to review the premises to be construction, upgrading or expansion of the hotel. So far, a number of premises being built in clusters, such as hotels and office area of the Department of Education and Training on Dong Khoi Street, etc. "Then, we evaluate the respective hotel markets with high growth of tourism. However, the tourism industry has been declining due to recent events so the market has changed and this year City will not lack of room, "he said.

This year, the tourism industry hopes to receive about 2.8 million visitors, up about 7% over 2009 and equal to the number achieved in 2008.
Mr Tho said that, in addition to the few 3-star hotel’s private will be upgraded or newly built, the city will not have 4 to 5 star hotels last yearCurrently, several projects to build or expand in city hotels are performing slower than expected or have been converted to other forms of investment.