Vietnam tourism industry poised for stupendous growth

According to our latest report Vietnam Tourism Industry Forecast to 2012, Vietnam has emerged as one of the most popular tourist destinations in the ASEAN region due to its exquisite landscape, fast developing hospitality services, and a stable political environment.

Despite global economic slowdown, the country experienced increase in international tourist arrivals, which is further expected to surge at a CAGR of around 11% during the forecast period 2010-2014.

Ongoing research found that, the hotel industry has played a significant role in the overall development of tourism industry in the country. Several joint venture accommodation projects between local and overseas investors popped up, either through new hotel developments, or renovating the already existing ones. The hotel industry has often been cited as having helped meet Vietnam’s growing demand for hotel rooms, at a time when inbound tourist numbers far exceeded official state forecasts.

However, presently, rising presence of MICE tourism is driving the Vietnam tourism industry. This segment is lucrative and helps significantly increase the global image of a city with opinion leaders from various fields visiting the city. Longer stay time, higher spending level, and larger groups of visitors are the characteristics of MICE visitors.

Our report provides a deep insight into the Vietnam tourism industry and studies its past, present, and future scenario. It offers a detail study of the forces driving the industry and discusses key market trends prevailing in the industry that are making Vietnam a potential tourism destination. Our report also contains extensive information (analysis and statistical data) of various industrial parameters that will help clients to analyze opportunities critical for their success in the Vietnam tourism industry.

Vietnam Tourism Industry Forecast to 2012 provides an in-depth analysis of the present status and future prospects of the Vietnam tourism industry. It thoroughly studies various parameters of the industry, such as inbound & outbound tourism, tourism receipts, accommodation facilities, medical tourism, and MICE industry. The report also provides strategic insight to clients to evaluate opportunities critical for their success in the Vietnamese tourism industry. Due consideration has been given to competitive landscape to enable clients understand the present market structure and future growth prospects. – RNCOS

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