Vietnam Tourism Report Q1 2015 - New Study Released
Fast Market Research recommends "Vietnam Tourism Report Q1 2015" from Business Monitor International, now available
[USPRwire, Tue Dec 16 2014] Vietnam is rapidly growing as a popular tourism destination in the Asia Pacific region and could eventually rival more established markets such as nearby Thailand. The country is developing its transport infrastructure network in order to facilitate domestic and international travel, and a range of hotel developers are taking note of the potential for growth. With a healthy variety of tourist attractions, we expect to see a steady increase in inbound travel to Vietnam throughout the forecast period.
Vietnam offers a wealth of tourist attractions, from historical and cultural sites in Ho Chi Minh City and Hoi An to beach holiday destinations and jungle excursions. In recent years the country has relaxed visa requirements, making travel more accessible, and it was recently reported that the government was considering waiving visa requirements for more countries including key markets such as France, Germany, the UK, Spain, Italy, Australia, New Zealand, India and Canada. As travel links are improved and Vietnam increases its presence on the global tourism stage, we expect arrivals to increase from 8.1mn in 2015 to 9.8mn in 2018.
The outbound travel market is currently around half the size of Vietnam's inbound travel market. However, healthy domestic economic growth, along with increasing rates of private financial consumption, is providing a boost to outbound travel, and we expect to see healthy growth throughout the forecast period. As with the inbound travel market, outbound travel is dominated by countries within the Asia Pacific region due to the ease, affordability and proximity of travel.
Vietnam presents an increasingly attractive potential investment environment, though concerns remain regarding state intervention and corruption at high levels. The government is, however, very supportive of the tourism industry, targeting more than 10mn tourist arrivals by 2020 through the National Tourism Promotion Programme 2013-2020. The country is also developing its...
The Vietnam Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's Vietnam Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Vietnamese tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for Vietnam to test other views - a key input for successful budgetary and planning in the Vietnamese tourism market.
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