2013-09-30 05:18:29 - Fast Market Research recommends "Vietnam Tourism Report Q4 2013" from Business Monitor International, now available
BMI's Vietnam tourism report looks at the expected trends and changes in the Vietnamese tourism market through to 2017. Tourism in Vietnam has been expanding rapidly in recently years and the country offers enormous long-term investment potential at the heart of the burgeoning Asia Pacific markets. We expect to see substantial growth across all key market indicators, including inbound and outbound travel, the number of hotels present and the overall industry value.
Inbound arrivals to Vietnam saw particularly high growth rates between 2010 and 2012, with arrivals increasing from just over 5mn in 2010, to close to 7mn in 2012. 2013 saw a decline in growth to a not insubstantial 5.7% and we expect growth to remain at this level throughout
the remainder of the forecast period to 2017, when we expect the number of tourists arriving in Vietnam per year to reach over 9mn. As well as strong growth in arrivals, outbound travel from Vietnam is also expected to show exceptional growth of between 11% and 12%. Thanks to the growing Vietnamese economy, we expect outbound travellers to reach over 5.5mn in 2017.
Full Report Details at
Tourism is well supported by the government and 2013 saw the launch of the National Tourism Year and widespread campaigns to develop the country's appeal as a tourist destination further. In order to keep up with rising demand and develop tourism further, the government is also making a series of investments in improving the country's transport infrastructure, with expansion of the international airports including a new terminal at Noi Bai Airport in Hanoi and investments in the country's rail network.
Vietnam has a wide range of tourist attractions to rival other countries in the Asia Pacific region. The picturesque beaches of Phu Quoc and Ha Long Bay bring in leisure travellers, while the eco and wildlife tours cater for the more adventurous. The country also has a wide variety of cultural attractions such as Thien Mu Pagoda and historical attractions like the Ci Chi Tunners (used by the Viet Cong during the Vietnam War). As such, there is plenty to entice first-time travellers and to encourage their return.
* Hotels continue to expand their presence in Vietnam, with several major resorts due to open in the future and the overall number of hotels expected to increase year on year. BMI expects that the value of the hotel industry will increase by between 11.69% and 13.51% per year between 2013 and 2017.
* The government continues to invest in improving the country's transport infrastructure, including the building of a new international airport due to open by 2020 and a range of rail development projects.
* Arrivals will continue to be dominated by countries from within the Asia Pacific region, particularly China, South Korea and Japan, although the USA and Russia will also remain key source markets.
* Key events in Vietnam in 2013 include the Ho Chi Minh City Flower Festival, the Hung Kings Festival, the International Tourism Expo in September and various sporting events.
* This quarter, BMI has given Vietnam an overall Tourism Risk/Reward rating of 59.3, placing it ninth in the Asia Pacific region, ahead of Malaysia but behind New Zealand.
Report Table of Contents:
BMI Industry View
- Business Environment
- Inbound Travel
- Table: Vietnam Inbound Tourism, 2010-2017
- Table: Vietnam Inbound Tourism Top 10 markets by arrivals, 2010-2017 ('000)
- Outbound Travel
- Table: Vietnam Outbound Tourism, 2010-2017
- Table: Vietnam Outbound Tourism, Top 10 Markets by Departures, 2010-2017 ('000)
- Table: Vietnam Methods of Travel, 2010-2017
- Table: Vietnam Hotel Accommodation 2010-2017
- Table: Vietnam Domestic Hotels and Restaurants Industry Value, 2010-2017
Industry Risk Reward Ratings
- Tourism Risk Rewards Ratings
- Table: Asia, Risk and Reward Ratings
- Security Risk Reward Ratings
- Table: Asia Pacific Regional Security Ratings
- Table: Vietnam Major Infrastructure Projects
- Table: Top 10 Global Hotel Groups Present in Vietnam
- Huong Giang Tourist Company
Global Industry Overview
- Table: Global Assumptions
- Table: Global And Regional Real GDP Growth (% change y-o-y)
- Developed States
- Table: Developed States, Real GDP Growth Forecasts
- Emerging Markets
- Table: Emerging Markets' Real GDP Growth Forecasts
- Table: BMI Versus Bloomberg Consensus Real GDP Growth Forecasts (%)
- Table: Vietnam's Population By Age Group, 1990-2020 ('000)
- Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
- Table: Vietnam's Key Population Ratios, 1990-2020
- Table: Vietnam's Rural And Urban Population, 1990-2020
- Tourism Industry
- Tourism Ratings - Methodology
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.