Accommodation Service Standard Report Q1/2020
VIETNAM ACCOMODATION SERVICE INDUSTRY
Over the past decade, tourism has become more and more accessible to the people of the world. Therefore, the tourism industry has developed strongly, especially in recent years. The tourism industry in recent years has been the driving force for the growth of the number of accommodation establishments. The number of hotel rooms and rooms in the world tends to grow continuously over the years in the period of 2014 - 2025f. Currently, there are more than 700,000 hotels and resorts scattered across the globe.
Vietnam is one of the fastest growing tourist destinations in Southeast Asia thanks to many favorable factors such as the growth in the number of tourists, new hotel brand names entering the market, relaxed visa policy along with the development of infrastructure. In the first 9 months of 2019, the number of international visitors to Vietnam increased by xx% over the same period in 2018. The total revenue from tourists increased xx% over the same period last year.
Thanks to the development of the domestic tourism industry in the past years, the number of businesses providing accommodation services has also been growing steadily every year. In the period of 2010-2017, the number of businesses operating in the hospitality industry achieved an annual compound growth of xx%.
In Q4/2019, the supply of Hanoi and Ho Chi Minh City did not have much volatility. The supply decreased slightly in Hanoi and remained stable in HCM.City. The average operational capacity and rental prices of Hanoi and HCM.City markets in Q4/2019 recorded a strong increase in all segments thanks to the key tourist season of the two cities. The key tourist cities such as Da Nang, Nha Trang and Phu Quoc all had quite high levels of operational capacity.
Over the past decade, tourism has become more and more accessible to the people of the world. Therefore, the tourism industry has developed strongly, especially in recent years. The tourism industry in recent years has been the driving force for the growth of the number of accommodation establishments. The number of hotel rooms and rooms in the world tends to grow continuously over the years in the period of 2014 - 2025f. Currently, there are more than 700,000 hotels and resorts scattered across the globe.
Vietnam is one of the fastest growing tourist destinations in Southeast Asia thanks to many favorable factors such as the growth in the number of tourists, new hotel brand names entering the market, relaxed visa policy along with the development of infrastructure. In the first 9 months of 2019, the number of international visitors to Vietnam increased by xx% over the same period in 2018. The total revenue from tourists increased xx% over the same period last year.
Thanks to the development of the domestic tourism industry in the past years, the number of businesses providing accommodation services has also been growing steadily every year. In the period of 2010-2017, the number of businesses operating in the hospitality industry achieved an annual compound growth of xx%.
In Q4/2019, the supply of Hanoi and Ho Chi Minh City did not have much volatility. The supply decreased slightly in Hanoi and remained stable in HCM.City. The average operational capacity and rental prices of Hanoi and HCM.City markets in Q4/2019 recorded a strong increase in all segments thanks to the key tourist season of the two cities. The key tourist cities such as Da Nang, Nha Trang and Phu Quoc all had quite high levels of operational capacity.
Abbreviation
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
2. GLOBAL TOURISM AND TRAVEL INDUSTRY AND ACCOMMODATION SERVICE INDUSTRY
2.1 Global tourism and travel industry
2.1.1 Global tourism and travel industry scale
2.1.2 Situation of the world tourism and travel industry
2.2 Global accommodation service industry
2.2.1 Global accommodation service industry scale
2.2.2 Situation of global accommodation service industry
3. VIETNAM ACCOMMODATION SERVICE INDUSTRY
3.1 Situation of the tourism and travel industry
3.2 Overview of the accommodation service industry
3.3 Supply
3.4 Operating capacity
3.5 Room hiring price
3.6 SWOT analysis
3.7 Planning
3.8 Driving forces
4. ENTERPRISE ANALYSIS
4.1 Enterprise overview
4.2 Financial analysis
Appendix
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
2. GLOBAL TOURISM AND TRAVEL INDUSTRY AND ACCOMMODATION SERVICE INDUSTRY
2.1 Global tourism and travel industry
2.1.1 Global tourism and travel industry scale
2.1.2 Situation of the world tourism and travel industry
2.2 Global accommodation service industry
2.2.1 Global accommodation service industry scale
2.2.2 Situation of global accommodation service industry
3. VIETNAM ACCOMMODATION SERVICE INDUSTRY
3.1 Situation of the tourism and travel industry
3.2 Overview of the accommodation service industry
3.3 Supply
3.4 Operating capacity
3.5 Room hiring price
3.6 SWOT analysis
3.7 Planning
3.8 Driving forces
4. ENTERPRISE ANALYSIS
4.1 Enterprise overview
4.2 Financial analysis
Appendix
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP structure at current prices, 2019
Figure 3: Contribution of accommodation and catering services to GDP, 2014-2019
Figure 4: VND/USD exchange rate, 2013 -12/2019
Figure 5: USD/CNY exchange rate, 2016 - 12/2019
Figure 6: World Tourism Market Revenue, 2010 - 2018
Figure 7: Labor structure of the world tourism and travel industry, 2019e
Figure 8: Contribution of tourism and travel industry to global GDP, 2010 – 2019e
Figure 9: Contribution to globally economic growth by sectors, 2018
Figure 10: Top countries have the most important contribution to the global GDP, 2018, 2027e
Figure 11: Investment into the tourism and travel industry, 2011 – 2027f
Figure 12: Export value of the world tourism and travel industry, 2011 – 2027f
Figure 13: Structure of the contribution to the world tourism and travel industry, 2018
Figure 14: The world visitor volume, 2013 - 2019
Figure 15: Growth rate of visitors volume by region, 2018e
Figure 16: Structure of visitor volume by region, 2018
Figure 17: Structure of outbound travelling expenditure by country, 2018
Figure 18: Direct contribution of the tourism and travel industry to Chinese GDP, 2011 - 2017e
Figure 19: Number of international visitors to China, 2011 - 2018
Figure 20: The scale of the world hospitality industry, 2014 - 2016
Figure 21: Average daily revenue from each hotel room by region, 2013 – 2019
Figure 22: Growth of global hotel industry, 2008 - 2019e
Figure 23: Hotel occupancy rate by region, 2013 - 2019
Figure 24: Investment capital in the world accommodation service industry by region, 2016 - 2018e
Figure 25: Number of rooms in hotels and accommodations over the world, 2014 – 2025f
Figure 26: Vietnam’s number of tourists, 2013 – 2019e
Figure 27: Structure of tourists, 2019
Figure 28: Top 10 countries that have the most tourists come to Vietnam, 2019
Figure 29: Number of foreign visitors come to Hanoi, 2014 - 2019
Figure 30: Number of foreign visitors come to Da Nang, 2013 - 2019
Figure 31: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013 - 2019
Figure 32: Top countries with highest growth rate of visitors, 2017
Figure 33: Accommodation purposes, 2017
Figure 34: Accommodation purposes, 2018
Figure 35: Vietnam tourism industry revenue, 2013 - 2019
Figure 36: Vietnam online travel revenue, 2013-2019
Figure 37: Number of enterprises in accommodation service industry, 2013 - 2018
Figure 38: Structure of enterprises in accommodation service industry by region, 2018
Figure 39: Number of labors in the accommodation service industry, 2013 - 2017
Figure 40: Total investment capital of the accommodation service industry, 2013 - 2018
Figure 41: Total fixed assets of the accommodation service industry, 2013 - 2018
Figure 42: Revenue of the accommodation service industry, 2013 - 2018
Figure 43: Structure of revenue of the accommodation service industry, 2014-2018
Figure 44: Structure costs and profit on revenue, 2015-2018
Figure 45: Structure of unallocated activity-based expenses, 2015-2018
Figure 46: Structure costs and profit to revenue by segment, 2018
Figure 47: Profit of the accommodation service industry, 2013 – 2018
Figure 48: Structure of booking room channels,2017
Figure 49: Structure of booking room channels,2018
Figure 50: Number of accommodations over the country, 2013 - 2019
Figure 51: Number of rooms over the country, 2013 - 2019
Figure 52: Number of accommodations of 3-star and above, 2013 - 2019
Figure 53: Supply of accommodations of 3-star and above, 2013 - 2019
Figure 54: Number of accommodation units in the low-end segment, 2016-2018
Figure 55: Supply of low-end segment services, 2016-2018
Figure 56: Number of hotels in Hanoi, Q1/2017-Q4/2019
Figure 57: Number of hotels in HCMC, Q1/2017-Q4/2019
Figure 58 : Supply of hotels in Da Nang, 2019
Figure 59: Supply of condotels in Da Nang, Q3/2019
Figure 60: Supply of resort villas in Da Nang, Q3/2019
Figure 61: Averageroomcapacityoverthecountry,2013-2019
Figure 62: Operating capacity of 4-star and 5-star segments, 2014-2019
Figure 63: Operating capacity in Hanoi market, Q1/2016-Q4/2019
Figure 64: Operating capacity in Hanoi by segment, 2019
Figure 65: Operating capacity of some large hotels in Hanoi
Figure 66: Operating capacity of accomadation service in HCMC, Q1/2016-Q4/2019
Figure 67: Operating capacity in HCMC by segment, 2019
Figure 68: Operating capacity of hotels in some key destinations, 2019
Figure 69: Average room hiring price by segment, 2015-2018
Figure 70: Average hiring price per room by segment, 2019
Figure 71: Average room hiring price in Hanoi, Q1/2015-Q4/2019
Figure 72: Average room hiring price by segment, 2019
Figure 73: Average room hiring price in HCMC, Q1/2016-Q4/2019
Figure 74: Average room hiring price by segment, 2019
Figure 75: Monthly income and spending per capita, 2010 – 2019
Figure 76: Class of population by spending, 2013 – 2020f
Figure 77: Debit balance of Real Estate Debt, 2013 – 2019
Figure 78: Debit balance structure of Real Estate Debt, 2018
Figure 79: Forecast of the world tourism and travel industry growth, 2017e, 2026f
Figure 80: Forecast of value of the world tourism and travel industry, 2026f
Figure 81: Net revenue growth, 2017-2018
Figure 82: Gross profit growth, 2018
Figure 83: Liquidity Ratios, 2018
Figure 84: Receivable turnover, 2018
Figure 85: Solvency, 2018
Figure 86: Asset Turnover Ratio, 2018
Figure 86: Fixed Asset Turnover ratio, 2018
Figure 88: Enterprise management expense/Net revenue, 2017-2018
Figure 89: Interest Expense/Net revenue, 2017-2018
Figure 90: Return on investment ratios, 2018
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP structure at current prices, 2019
Figure 3: Contribution of accommodation and catering services to GDP, 2014-2019
Figure 4: VND/USD exchange rate, 2013 -12/2019
Figure 5: USD/CNY exchange rate, 2016 - 12/2019
Figure 6: World Tourism Market Revenue, 2010 - 2018
Figure 7: Labor structure of the world tourism and travel industry, 2019e
Figure 8: Contribution of tourism and travel industry to global GDP, 2010 – 2019e
Figure 9: Contribution to globally economic growth by sectors, 2018
Figure 10: Top countries have the most important contribution to the global GDP, 2018, 2027e
Figure 11: Investment into the tourism and travel industry, 2011 – 2027f
Figure 12: Export value of the world tourism and travel industry, 2011 – 2027f
Figure 13: Structure of the contribution to the world tourism and travel industry, 2018
Figure 14: The world visitor volume, 2013 - 2019
Figure 15: Growth rate of visitors volume by region, 2018e
Figure 16: Structure of visitor volume by region, 2018
Figure 17: Structure of outbound travelling expenditure by country, 2018
Figure 18: Direct contribution of the tourism and travel industry to Chinese GDP, 2011 - 2017e
Figure 19: Number of international visitors to China, 2011 - 2018
Figure 20: The scale of the world hospitality industry, 2014 - 2016
Figure 21: Average daily revenue from each hotel room by region, 2013 – 2019
Figure 22: Growth of global hotel industry, 2008 - 2019e
Figure 23: Hotel occupancy rate by region, 2013 - 2019
Figure 24: Investment capital in the world accommodation service industry by region, 2016 - 2018e
Figure 25: Number of rooms in hotels and accommodations over the world, 2014 – 2025f
Figure 26: Vietnam’s number of tourists, 2013 – 2019e
Figure 27: Structure of tourists, 2019
Figure 28: Top 10 countries that have the most tourists come to Vietnam, 2019
Figure 29: Number of foreign visitors come to Hanoi, 2014 - 2019
Figure 30: Number of foreign visitors come to Da Nang, 2013 - 2019
Figure 31: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013 - 2019
Figure 32: Top countries with highest growth rate of visitors, 2017
Figure 33: Accommodation purposes, 2017
Figure 34: Accommodation purposes, 2018
Figure 35: Vietnam tourism industry revenue, 2013 - 2019
Figure 36: Vietnam online travel revenue, 2013-2019
Figure 37: Number of enterprises in accommodation service industry, 2013 - 2018
Figure 38: Structure of enterprises in accommodation service industry by region, 2018
Figure 39: Number of labors in the accommodation service industry, 2013 - 2017
Figure 40: Total investment capital of the accommodation service industry, 2013 - 2018
Figure 41: Total fixed assets of the accommodation service industry, 2013 - 2018
Figure 42: Revenue of the accommodation service industry, 2013 - 2018
Figure 43: Structure of revenue of the accommodation service industry, 2014-2018
Figure 44: Structure costs and profit on revenue, 2015-2018
Figure 45: Structure of unallocated activity-based expenses, 2015-2018
Figure 46: Structure costs and profit to revenue by segment, 2018
Figure 47: Profit of the accommodation service industry, 2013 – 2018
Figure 48: Structure of booking room channels,2017
Figure 49: Structure of booking room channels,2018
Figure 50: Number of accommodations over the country, 2013 - 2019
Figure 51: Number of rooms over the country, 2013 - 2019
Figure 52: Number of accommodations of 3-star and above, 2013 - 2019
Figure 53: Supply of accommodations of 3-star and above, 2013 - 2019
Figure 54: Number of accommodation units in the low-end segment, 2016-2018
Figure 55: Supply of low-end segment services, 2016-2018
Figure 56: Number of hotels in Hanoi, Q1/2017-Q4/2019
Figure 57: Number of hotels in HCMC, Q1/2017-Q4/2019
Figure 58 : Supply of hotels in Da Nang, 2019
Figure 59: Supply of condotels in Da Nang, Q3/2019
Figure 60: Supply of resort villas in Da Nang, Q3/2019
Figure 61: Averageroomcapacityoverthecountry,2013-2019
Figure 62: Operating capacity of 4-star and 5-star segments, 2014-2019
Figure 63: Operating capacity in Hanoi market, Q1/2016-Q4/2019
Figure 64: Operating capacity in Hanoi by segment, 2019
Figure 65: Operating capacity of some large hotels in Hanoi
Figure 66: Operating capacity of accomadation service in HCMC, Q1/2016-Q4/2019
Figure 67: Operating capacity in HCMC by segment, 2019
Figure 68: Operating capacity of hotels in some key destinations, 2019
Figure 69: Average room hiring price by segment, 2015-2018
Figure 70: Average hiring price per room by segment, 2019
Figure 71: Average room hiring price in Hanoi, Q1/2015-Q4/2019
Figure 72: Average room hiring price by segment, 2019
Figure 73: Average room hiring price in HCMC, Q1/2016-Q4/2019
Figure 74: Average room hiring price by segment, 2019
Figure 75: Monthly income and spending per capita, 2010 – 2019
Figure 76: Class of population by spending, 2013 – 2020f
Figure 77: Debit balance of Real Estate Debt, 2013 – 2019
Figure 78: Debit balance structure of Real Estate Debt, 2018
Figure 79: Forecast of the world tourism and travel industry growth, 2017e, 2026f
Figure 80: Forecast of value of the world tourism and travel industry, 2026f
Figure 81: Net revenue growth, 2017-2018
Figure 82: Gross profit growth, 2018
Figure 83: Liquidity Ratios, 2018
Figure 84: Receivable turnover, 2018
Figure 85: Solvency, 2018
Figure 86: Asset Turnover Ratio, 2018
Figure 86: Fixed Asset Turnover ratio, 2018
Figure 88: Enterprise management expense/Net revenue, 2017-2018
Figure 89: Interest Expense/Net revenue, 2017-2018
Figure 90: Return on investment ratios, 2018
LIST OF TABLES
Table 1: Some indicators of China tourism and travel industry, 2019
Table 2: Important markets of the accommodation service industry in Asia-Pacific
Table 3: Traditional tourism in comparison with online tourism
Table 4: 10 leading international travel enterprises in Vietnam (outbound), 2019
Table 5: 10 leading domestic travel enterprises in Vietnam (inbound), 2019
Table 6: 10 leading restaurants for tourists in Vietnam, 2018
Table 7: 10 leading 5-star hotels in Vietnam, 2019
Table 8: 10 leading 4-star hotels in Vietnam, 2019
Table 9: 10 leading 3-star hotels in Vietnam based on the number of tourists, 2018
Table 10: Vietnam Visa Exemption, 2019
Table 1: Some indicators of China tourism and travel industry, 2019
Table 2: Important markets of the accommodation service industry in Asia-Pacific
Table 3: Traditional tourism in comparison with online tourism
Table 4: 10 leading international travel enterprises in Vietnam (outbound), 2019
Table 5: 10 leading domestic travel enterprises in Vietnam (inbound), 2019
Table 6: 10 leading restaurants for tourists in Vietnam, 2018
Table 7: 10 leading 5-star hotels in Vietnam, 2019
Table 8: 10 leading 4-star hotels in Vietnam, 2019
Table 9: 10 leading 3-star hotels in Vietnam based on the number of tourists, 2018
Table 10: Vietnam Visa Exemption, 2019
