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Budget hotels sprout up in Vietnam as business travel booms

Small, midsize companies' expansion drives lodging demand

An A25 business hotel in central Hanoi.

HANOI -- Budget hotel chains are expanding in Vietnam as brisk economic growth pulls in smaller foreign companies, and with them business travelers in need of an economical place to stay.

Route Inn Japan will open the first Vietnamese location of its namesake chain of business hotels in the heart of Danang on Wednesday. The 2 billion yen ($18 million), 168-room facility sits halfway between the city's airport and the popular My Khe beach, and offers rates as low as $70 a night -- one-third what a room costs at the nearby Novotel.

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