Vietnam promoters ask local hotels to "stabilise" hotel prices for F1 weekend

15-01-2020 13:06
by Matt Gretton
Vietnam promoters ask local hotels to stabilise hotel prices for F1 weekend

Vietnam promoters have asked local hotels to keep the prices "stable" across the Formula 1 Grand Prix weekend. The sport will head to the country for the first time early on during the 2020 F1 season. 

There are just three months until the inaugural race in Hanoi. The track preparations are nearing completion, but the promoters also keep an eye on the off-track preparations. Vietnam Grand Prix Corporation CEO Le Ngoc Chi is trying her best to ensure the fans don't get 'used' by an increase in prices which would hit hard on fans. 

“We are working with the city of Hanoi and all the hotels to try to stabilise the hotels’ prices so that when people come to Vietnam, it’s reasonable. Of course, you can’t expect the same price but it should be reasonable and we are working very hard on that," she explained to 

“We, coupled together with Formula 1, referenced all the other countries and see what would be acceptable in Vietnam. Because sometimes hotels have the tendency to just try to reap as much as they can. We have a lot of conferences with the hotels and tell them that they need to think for the longer term. This is for us but also for them, too. They need to make it sustainable. They can reap the award for many years to come or they just reap it one time this year. So that’s what we tell them." 

Read more about: Formula 1

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