Vietnam tourism receipt poised to grow at a CAGR of 13pct

Tourism receipts in Vietnam is anticipated to reach around $ 5.6 Billion by 2014, growing at a CAGR of around 13 percent during 2010-2014, RNCOS acknowledged.

With the presence of exquisite landscape, fast developing hospitality services, and a stable political environment, the tourism industry is one of the rapidly growing industries in Vietnam, encompassing the future of the country’s overall growth. The government’s initiative in developing domestic tourism has provided a competitive edge to the tourism market in Vietnam, says our new research report “Vietnam Tourism Industry Forecast to 2012″ Overall, tourism receipts are expected to surge at a CAGR of around 13 percent during the forecasted period 2010-2014.

Our report identifies that; the country has witnessed an increase in the number of outbound and domestic tourism. Due to the rapid economic growth, increasing disposable income, and large share of young population, the tourism industry in Vietnam will show positive growth in the coming years. Increase in MICE tourism will also favour the country’s tourism market during the forecast period.

However, at present, Vietnam has become a more attractive destination for medical and cosmetic surgeries, by offering cheaper service prices than other countries. This has resulted in a rise in number of visitors from around the world seeking remedies for a range of medical needs. These include both critical health services as well as cosmetic and remedial care.

Besides, we have done thorough research and prudent analysis of some critical factors acting as a catalyst for the industry’s current and future growth outlook. The report also discusses the market structure, current, and past market performance of the industry. In addition, it provides a segment level analysis of the industry to facilitate a balanced market understanding.

“Vietnam Tourism Industry Forecast to 2012″ incorporates an extensive research and rational analysis of the Vietnamese tourism industry. Our report provides an insight of 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, making Vietnam a potential tourism destination. It also provides information (analysis and statistical data) of various industrial parameters that will help clients to analyse opportunities critical for their success in the Vietnam tourism industry.

Tags: Vietnam Tourism