Accommodation Service Standard Report Q2/2019
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 3 months of 2019, the number of international visitors to Vietnam increased by 7% over the same period in 2018. The total revenue from tourists increased 8.35% 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 7.4%.
In Q1/2019, 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 Q1/2019 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 3 months of 2019, the number of international visitors to Vietnam increased by 7% over the same period in 2018. The total revenue from tourists increased 8.35% 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 7.4%.
In Q1/2019, 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 Q1/2019 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.
ABBREVIATIONS
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
2. INDUSTRY OVERVIEW
2.1. Global market
2.1.1. Production and consumption
2.2. Vietnam market
2.2.1. History of industry establishment and development
2.2.2. Value chains in electronics industry
2.2.3. Production
2.2.4. Consumption
2.2.5. Import and export
2.3. Industry development planning
2.4. Outlook and forecasts
2.4.1. Driving forces for industry development
3. ENTERPRISE ANALYSIS
3.1. Introduction of enterprises
3.2. Financial analysis
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
2. INDUSTRY OVERVIEW
2.1. Global market
2.1.1. Production and consumption
2.2. Vietnam market
2.2.1. History of industry establishment and development
2.2.2. Value chains in electronics industry
2.2.3. Production
2.2.4. Consumption
2.2.5. Import and export
2.3. Industry development planning
2.4. Outlook and forecasts
2.4.1. Driving forces for industry development
3. ENTERPRISE ANALYSIS
3.1. Introduction of enterprises
3.2. Financial analysis
LIST OF TABLES
Table 1: Some indicators of China tourism and travel industry, 2017e
Table 2: Traditional tourism in comparison with online tourism
Table 3: 10 leading international travel enterprises in Vietnam, 2018
Table 4: 10 leading domestic travel enterprises in Vietnam, 2018
Table 5: 10 leading restaurants for tourists in Vietnam, 2018
Table 6: 10 leading 5-star hotels in Vietnam, 2017
Table 7: 10 leading 4-star hotels in Vietnam, 2017
Table 1: Some indicators of China tourism and travel industry, 2017e
Table 2: Traditional tourism in comparison with online tourism
Table 3: 10 leading international travel enterprises in Vietnam, 2018
Table 4: 10 leading domestic travel enterprises in Vietnam, 2018
Table 5: 10 leading restaurants for tourists in Vietnam, 2018
Table 6: 10 leading 5-star hotels in Vietnam, 2017
Table 7: 10 leading 4-star hotels in Vietnam, 2017
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP by current price and GDP per capita, 2013-2018
Figure 3: Structure of GDP by current price, Q1/2019
Figure 4: Contributions to economy growth by sectors, 2017-2019
Figure 5: FDI Capital, Q1/2016 - Q1/2019
Figure 6: FDI attraction by sector, Q1/2019
Figure 7: Workforce structure by sectors, 2017e
Figure 8: Number of labors in service industry in Vietnam, 2014 - 2017e
Figure 9: VND/USD exchange rate, 2011-3/2019
Figure 10: USD/CNY exchange rate, 2016 - 4//2019
Figure 11: World Tourism Market Revenue, 2010 - 2017
Figure 12: Labor structure of the world tourism and travel industry, 2016
Figure 13: Global tourism revenue, 2017
Figure 14: Contribution of tourism and travel industry to world's GDP, 2010 - 2018
Figure 15: Top countries have the most important contribution to the global GDP, 2018, 2027e
Figure 16: Contribution to globally economic growth by sectors, 2018
Figure 17: Export value of the world tourism and travel industry, 2011 - 2017e
Figure 18: Investment into the tourism and travel industry, 2011 - 2017e
Figure 19: Structure of the contribution to the world tourism and travel industry, 2018
Figure 20: The world visitor volume, 2013 - 2017e
Figure 21: Growth rate of visitors volume by region, 2017e
Figure 22: Structure of visitor volume by region, 2016
Figure 23: Structure of outbound travelling expenditure by country, 2016
Figure 24: Direct contribution of the tourism and travel industry to Chinese GDP, 2011 - 2017e
Figure 25: Number of international visitors to China, 2011 - 2017e
Figure 26: Average revenue from each room in global hotels, by region, 2008 – 2016
Figure 27: The scale of the world hospitality industry, 2014 - 2016
Figure 28: Growth rate of revenue from each room in global hotels, by region, 2017e
Figure 29: Overview of the world accommodation service industry in different regions, 2017
Figure 30: Growth of the world hospitality industry, 2010 - 2018e
Figure 31: Hotel occupancy rate by region over the world, 2015 - 2017
Figure 32: Investment capital in the world accommodation service industry by region, 2016 - 2018e
Figure 33: Number of rooms in hotels and accommodations over the world, 2014 – 2025f
Figure 34: Number of visitors to Vietnam, 2011-Q1/2019
Figure 35: Structure of visitors to Vietnam, Q1/2019
Figure 36: Top 10 countries that have visitors to Vietnam the most, Q1/2019
Figure 37: Number of foreign visitors to Hanoi, 2014-Q1/2019
Figure 38: Number of foreign visitors to Da Nang, 2013-Q1/2019
Figure 39: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013-Q1/2019
Figure 40: Top countries having the highest development of visitors, 2017
Figure 41: Accommodation purposes, 2016
Figure 42: Accommodation purposes, 2017
Figure 43: The Tourism market revenue, 2009-Q1/2019
Figure 44: Structure of tourism revenue by channels, 2013-2018
Figure 45: Number of enterprises in accommodation service industry,
2010-2017
Figure 46: Structure of enterprises in accommodation service industry by region, 2017
Figure 47: Number of labors in the accommodation service industry, 2010-2017
Figure 48: Total investment capital of the accommodation service industry, 2010-2017
Figure 49: Total fixed assets of the accommodation service industry, 2010-2017
Figure 50: Revenue of the accommodation service industry, 2010-2017
Figure 51: Structure of revenue of the accommodation service industry, 2014-2017
Figure 52: Structure costs and profit to revenue, 2015-2017
Figure 53: Structure of unallocated activity-based expenses, 2015-2017
Figure 54: Structure costs and profit to revenue by segment, 2017
Figure 55: Profit of the accommodation service industry, 2010-2017
Figure 56: Structure of booking room channels,2017
Figure 57 : Number of accommodations over the country, 2006-2017
Figure 58: Number of rooms over the country, 2006-2017
Figure 59: Number of accommodations of 3-star and above, 2013-2017
Figure 60: Supply of accommodations of 3-star and above, 2013-2017
Figure 61: Number of hotels in some key tourism destinations, 2017
Figure 62: Number of hotels in some newly popular tourism destinations, 2018
Figure 63: Number of hotels in Hanoi, Q1/2017 - Q1/2019
Figure 64: Number of hotels in HCMC, Q1/2017 – Q1/2019
Figure 65: Supply of hotels in Da Nang, Q1/2019
Figure 66: Supply of condoles in Da Nang, Q1/2019
Figure 67: Supply of resort villas in Danang, Q1/2019
Figure 68: Supply of resort villas in some important destinations, 2017
Figure 69: Supply of 4-star-and-above hotels in some important destinations, 2017
Figure 70: Supply of condoles in some important destinations, 2017
Figure 71: Average room capacity over the country, 2006-2017
Figure 72: Operating capacity of 4-star and 5-star segments, 2014-2017
Figure 73: Operating capacity in Hanoi market, Q1/2016-Q1/2019
Figure 74: Operating capacity in Hanoi by segment, Q1/2019
Figure 75: Operating capacity of some large hotels in Hanoi, 2017
Figure 76: Operating capacity of accommodation service in HCMC, Q1/2016-Q1/2019
Figure 77: Operating capacity in HCMC by segment, Q1/2019
Figure 78: Operating capacity of hotels in some important destinations, 2017
Figure 79: Average room hiring price by segment, 2015-2017
Figure 80: Average room hiring price in Hanoi, Q1/2015-Q1/2019
Figure 81: Average room hiring price by segment, Q1/2019
Figure 82: Average room hiring price in HCMC, Q1/2016-Q1/2019
Figure 83: Average room hiring price by segment, Q4/2018
Figure 84: Structure of population by class (expenditure), 2013 – 2020f
Figure 85: Disposal income and expenditure of household, 2008 – 2017f
Figure 86: Debit balance of Real Estate Debt, 12/2012-12/2018
Figure 87: Structure of Debit balance of Real Estate Debt, 2018
Figure 88: Net revenue growth, 2017-2018
Figure 89: Gross profit growth, 2018
Figure 90: Liquidity Ratios, 2018
Figure 91: Receivable turnover, 2018
Figure 92: Solvency, 2018
Figure 93: Asset Turnover Ratio, 2018
Figure 94: Fixed Asset Turnover ratio, 2018
Figure 95: Enterprise management expense/Net revenue, 2017-2018
Figure 96: Interest Expense/Net revenue, 2017-2018
Figure 97: Return on investment ratios, 2018
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: GDP by current price and GDP per capita, 2013-2018
Figure 3: Structure of GDP by current price, Q1/2019
Figure 4: Contributions to economy growth by sectors, 2017-2019
Figure 5: FDI Capital, Q1/2016 - Q1/2019
Figure 6: FDI attraction by sector, Q1/2019
Figure 7: Workforce structure by sectors, 2017e
Figure 8: Number of labors in service industry in Vietnam, 2014 - 2017e
Figure 9: VND/USD exchange rate, 2011-3/2019
Figure 10: USD/CNY exchange rate, 2016 - 4//2019
Figure 11: World Tourism Market Revenue, 2010 - 2017
Figure 12: Labor structure of the world tourism and travel industry, 2016
Figure 13: Global tourism revenue, 2017
Figure 14: Contribution of tourism and travel industry to world's GDP, 2010 - 2018
Figure 15: Top countries have the most important contribution to the global GDP, 2018, 2027e
Figure 16: Contribution to globally economic growth by sectors, 2018
Figure 17: Export value of the world tourism and travel industry, 2011 - 2017e
Figure 18: Investment into the tourism and travel industry, 2011 - 2017e
Figure 19: Structure of the contribution to the world tourism and travel industry, 2018
Figure 20: The world visitor volume, 2013 - 2017e
Figure 21: Growth rate of visitors volume by region, 2017e
Figure 22: Structure of visitor volume by region, 2016
Figure 23: Structure of outbound travelling expenditure by country, 2016
Figure 24: Direct contribution of the tourism and travel industry to Chinese GDP, 2011 - 2017e
Figure 25: Number of international visitors to China, 2011 - 2017e
Figure 26: Average revenue from each room in global hotels, by region, 2008 – 2016
Figure 27: The scale of the world hospitality industry, 2014 - 2016
Figure 28: Growth rate of revenue from each room in global hotels, by region, 2017e
Figure 29: Overview of the world accommodation service industry in different regions, 2017
Figure 30: Growth of the world hospitality industry, 2010 - 2018e
Figure 31: Hotel occupancy rate by region over the world, 2015 - 2017
Figure 32: Investment capital in the world accommodation service industry by region, 2016 - 2018e
Figure 33: Number of rooms in hotels and accommodations over the world, 2014 – 2025f
Figure 34: Number of visitors to Vietnam, 2011-Q1/2019
Figure 35: Structure of visitors to Vietnam, Q1/2019
Figure 36: Top 10 countries that have visitors to Vietnam the most, Q1/2019
Figure 37: Number of foreign visitors to Hanoi, 2014-Q1/2019
Figure 38: Number of foreign visitors to Da Nang, 2013-Q1/2019
Figure 39: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013-Q1/2019
Figure 40: Top countries having the highest development of visitors, 2017
Figure 41: Accommodation purposes, 2016
Figure 42: Accommodation purposes, 2017
Figure 43: The Tourism market revenue, 2009-Q1/2019
Figure 44: Structure of tourism revenue by channels, 2013-2018
Figure 45: Number of enterprises in accommodation service industry,
2010-2017
Figure 46: Structure of enterprises in accommodation service industry by region, 2017
Figure 47: Number of labors in the accommodation service industry, 2010-2017
Figure 48: Total investment capital of the accommodation service industry, 2010-2017
Figure 49: Total fixed assets of the accommodation service industry, 2010-2017
Figure 50: Revenue of the accommodation service industry, 2010-2017
Figure 51: Structure of revenue of the accommodation service industry, 2014-2017
Figure 52: Structure costs and profit to revenue, 2015-2017
Figure 53: Structure of unallocated activity-based expenses, 2015-2017
Figure 54: Structure costs and profit to revenue by segment, 2017
Figure 55: Profit of the accommodation service industry, 2010-2017
Figure 56: Structure of booking room channels,2017
Figure 57 : Number of accommodations over the country, 2006-2017
Figure 58: Number of rooms over the country, 2006-2017
Figure 59: Number of accommodations of 3-star and above, 2013-2017
Figure 60: Supply of accommodations of 3-star and above, 2013-2017
Figure 61: Number of hotels in some key tourism destinations, 2017
Figure 62: Number of hotels in some newly popular tourism destinations, 2018
Figure 63: Number of hotels in Hanoi, Q1/2017 - Q1/2019
Figure 64: Number of hotels in HCMC, Q1/2017 – Q1/2019
Figure 65: Supply of hotels in Da Nang, Q1/2019
Figure 66: Supply of condoles in Da Nang, Q1/2019
Figure 67: Supply of resort villas in Danang, Q1/2019
Figure 68: Supply of resort villas in some important destinations, 2017
Figure 69: Supply of 4-star-and-above hotels in some important destinations, 2017
Figure 70: Supply of condoles in some important destinations, 2017
Figure 71: Average room capacity over the country, 2006-2017
Figure 72: Operating capacity of 4-star and 5-star segments, 2014-2017
Figure 73: Operating capacity in Hanoi market, Q1/2016-Q1/2019
Figure 74: Operating capacity in Hanoi by segment, Q1/2019
Figure 75: Operating capacity of some large hotels in Hanoi, 2017
Figure 76: Operating capacity of accommodation service in HCMC, Q1/2016-Q1/2019
Figure 77: Operating capacity in HCMC by segment, Q1/2019
Figure 78: Operating capacity of hotels in some important destinations, 2017
Figure 79: Average room hiring price by segment, 2015-2017
Figure 80: Average room hiring price in Hanoi, Q1/2015-Q1/2019
Figure 81: Average room hiring price by segment, Q1/2019
Figure 82: Average room hiring price in HCMC, Q1/2016-Q1/2019
Figure 83: Average room hiring price by segment, Q4/2018
Figure 84: Structure of population by class (expenditure), 2013 – 2020f
Figure 85: Disposal income and expenditure of household, 2008 – 2017f
Figure 86: Debit balance of Real Estate Debt, 12/2012-12/2018
Figure 87: Structure of Debit balance of Real Estate Debt, 2018
Figure 88: Net revenue growth, 2017-2018
Figure 89: Gross profit growth, 2018
Figure 90: Liquidity Ratios, 2018
Figure 91: Receivable turnover, 2018
Figure 92: Solvency, 2018
Figure 93: Asset Turnover Ratio, 2018
Figure 94: Fixed Asset Turnover ratio, 2018
Figure 95: Enterprise management expense/Net revenue, 2017-2018
Figure 96: Interest Expense/Net revenue, 2017-2018
Figure 97: Return on investment ratios, 2018
