Travel And Tourism In Vietnam To 2017
Synopsis
The
report provides detailed market analysis, information and insights, including:
·
Historic and
forecast tourist volumes covering the entire Vietnamese travel and tourism
sector
·
Detailed analysis
of tourist spending patterns in Vietnam
·
The total, direct
and indirect tourism output generated by each category within the Vietnamese
travel and tourism sector
·
Employment and
salary trends for various categories in the Vietnamese travel and tourism
sector, such as accommodation, sightseeing and entertainment, foodservice,
transportation, retail, travel intermediaries and others
·
Detailed market
classification across each category with analysis using similar metrics
·
Detailed analysis
of the airline, hotel, car rental and travel intermediaries industries
To Read The Complete Report with
TOC :-
Executive
summary
Vietnam’s
tourist volumes increased during the review period due to the country’s strong
economic growth, improved travel infrastructure, the availability of multiple
travel options, affordable accommodation, and attractive destinations. The
country’s inbound tourist volumes expanded at a CAGR of 12.64% during the
review period (2008−2012). Consequently, after realizing the sector’s
importance to the nation’s economy, the government began prioritizing tourism.
According to the World Travel and Tourism Council (WTTC), tourism accounted for
9.4% of the country’s GDP and 8.1% of its total employment in 2012.
Scope
This
report provides an extensive analysis related to tourism demands and flows in
Vietnam:
·
It details
historical values for the Vietnamese tourism sector for 2008–2012, along with
forecast figures for 2013–2017
·
It provides
comprehensive analysis of travel and tourism demand factors with values for
both the 2008–2012 review period and the 2013–2017 forecast period
·
The report
provides a detailed analysis and forecast of domestic, inbound and outbound
tourist flows in Vietnam
·
It provides
employment and salary trends for various categories of the travel and tourism
sector
·
It provides
comprehensive analysis of the trends in the airline, hotel, car rental and
travel intermediaries industries with values for both the 2008–2012 review
period and the 2013–2017 forecast period
Reasons
to buy
·
Take strategic
business decisions using historic and forecast market data related to the
Vietnamese travel and tourism sector
·
Understand the
demand-side dynamics within the Vietnamese travel and tourism sector, along
with key market trends and growth opportunities
·
Identify the
spending patterns of domestic, inbound and outbound tourists by individual
categories
·
Analyze key
employment and compensation data related to the travel and tourism sector in
Vietnam
Key
highlights
·
Based on Timetric
forecasts, Vietnam’s economy is expected to grow by 5.3% and 5.7% annually in
2013 and 2014 respectively, and accelerate to 6.5% over 2015−2017. The growth
is expected to be supported by a reduction in interest rates and improvements
in export demand.
·
In terms of
inbound tourist arrivals and tourism revenue in 2012, Vietnam ranked fifth
among the Association of Southeast Asian Nations (ASEAN). Tourism is one of the
fastest-growing business areas in the country’s economy.
·
Domestic tourism
is dependent on resident income levels in a country, as well as their
propensity to travel and spend. Mean household income in Vietnam increased at a
CAGR of 14.44% during the review period and is expected to continue to increase
at a CAGR of 12.69% over the forecast period. Domestic tourism will also edge
upwards, supported by rising disposable income levels along with strong
economic growth, increasing government expenditure on promotional activities
and an encouraging demographic profile.
·
The government
and the VNAT have organized events in several cities and provinces to promote
and introduce tourism products to foreign visitors. The events included Caravan
Week in Quang Ngai province, the National Tourism Year 2011 in Phu Yen, the
International Travel Expo (ITE) in Ho Chi Minh City, the Khanh Hoa Sea Tourism
Week and the International Fireworks Competition in Da Nang City. Furthermore,
the Thua Thien Hue province hosted the National Tourism Year 2012 and the Hue
Festival. Ho Chi Minh City, Can Tho City, Binh Thuan province and the north-western
province of Quang Ninh were the most popular travel destinations for inbound
tourists.
·
Outbound tourism
growth is supported by rising levels of disposable income and the country’s
close proximity with key outbound destinations. Another factor which
contributed to outbound tourism growth is that Vietnamese tourists can easily
travel to other ASEAN countries without the need for visas.
·
The Civil
Aviation Administration of Vietnam (CAAV) is the authorized body which manages
the Vietnamese aviation market. It is responsible for enacting aviation
policies, upgrading airports and licensing aviation activities. Since Vietnam’s
accession into the World Trade Organization (WTO) in 2007, the government began
to liberalize its aviation market. To avoid over-competition, the government
only started issuing new licenses for domestic operation from 2012, and foreign
ownership of Vietnamese airlines was capped at 30%.
To Buy a Copy Of This Report:-
·
As one of the
fastest-growing economies in the world, Vietnam offers strong potential for
investments in the hotel market. Investment opportunities exist in all leading
tourist destinations, such as Hanoi, Ho Chi Minh City, Da Nang, Nha Trang and
Hoi An. The Saigontourist Holding Company is the leading hotel operator in the
country, with 55 hotels located throughout the country.
·
The key growth
drivers for the Vietnamese car rental market are the country’s rising levels of
domestic and inbound tourism and an increasing number of airline passengers.
The main constraints to car rental growth are the country’s lack of proper road
and airport infrastructure. However, improvement initiatives undertaken by the
government are expected to address these challenges.
·
An increase in
internet penetration rates is leading to strong growth in the online travel
bookings category. According to Internet World Stats, Vietnam has the
fourth-highest internet penetration rate of all the ASEAN countries, with 31.0
million internet users, equivalent to 34% of the total population.
Contact:-
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
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