Accomodation Service Comprhensive Report Q1/2019
VIETNAM ACCOMODATION SERVICE INDUSTRY
Over the past decade, tourism has become more and more accessible to people all around the world. Therefore, the tourism industry has developed strongly, especially in recent years. A strong growth in tourism and travel industry will be the main driving force for the development of the world accommodation service industry. In the period of 2014 - 2025f, the number of hotels and greenrooms in the world tends to grow continuously reaching more than 700,000 hotels and resorts scattered across the globe.
Vietnam is one of the fastest developng tourism destinations in Southeast Asia. The total revenue from tourism in 2018 reached over increased 21.4% compared to 2017. Thanks to the development of the domestic tourism industry in the past years, the number of businesses providing accommodation services has also continuously increased regularly every year.
In the period of 2010-2017, the number of businesses operating in the accomodation industry achieved a compound annual growth rate of 7.4%. The development of tourism industry in the past few years has been a driving force to increase the number of accommodation establishments. By the end of 2017, the number of accommodation establishments nationwide increased by 21.9% compared to 2016.
In the fourth quarter of 2018, two big markets (Hanoi and Ho Chi Minh City) had no growth, decreased slightly in supply in Hanoi and remained stable in the HCM City. Meanwhile, Da Nang market witnessed supplements in supply from many projects with diversified resort products. The average occupancy rates and room rates for Hanoi and Ho Chi Minh City in the fourth quarter of 2018 were recorded to increase in all segments thanks to the key tourist season of the two cities.
Over the past decade, tourism has become more and more accessible to people all around the world. Therefore, the tourism industry has developed strongly, especially in recent years. A strong growth in tourism and travel industry will be the main driving force for the development of the world accommodation service industry. In the period of 2014 - 2025f, the number of hotels and greenrooms in the world tends to grow continuously reaching more than 700,000 hotels and resorts scattered across the globe.
Vietnam is one of the fastest developng tourism destinations in Southeast Asia. The total revenue from tourism in 2018 reached over increased 21.4% compared to 2017. Thanks to the development of the domestic tourism industry in the past years, the number of businesses providing accommodation services has also continuously increased regularly every year.
In the period of 2010-2017, the number of businesses operating in the accomodation industry achieved a compound annual growth rate of 7.4%. The development of tourism industry in the past few years has been a driving force to increase the number of accommodation establishments. By the end of 2017, the number of accommodation establishments nationwide increased by 21.9% compared to 2016.
In the fourth quarter of 2018, two big markets (Hanoi and Ho Chi Minh City) had no growth, decreased slightly in supply in Hanoi and remained stable in the HCM City. Meanwhile, Da Nang market witnessed supplements in supply from many projects with diversified resort products. The average occupancy rates and room rates for Hanoi and Ho Chi Minh City in the fourth quarter of 2018 were recorded to increase in all segments thanks to the key tourist season of the two cities.
Abbreviation
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Free Trade Agreements
2. THE WORLD TOURISM AND TRAVEL INDUSTRY AND THE WORLD ACCOMMODATION SERVICE INDUSTRY
2.1 The world tourism and travel industry
2.1.1 The world tourism and travel industry scale
2.1.2 Situation of the world tourism and travel industry
2.2 The world accommodation service industry
2.2.1 The world accommodation service industry scale
2.2.2 Situation of the world accommodation service industry
2.2.3 Situation of the accommodation service industry in some regions in the world
2.2.4 Top enterprises in the world 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 Typical enterprises
3.7 Typical accommodations
4. RISKS AND CHALLENGES
4.1 Risks
4.2 Challenges
4.3 SWOT Analysis
5. PLANNING AND OUTLOOK OF DEVELOPMENT
5.1. Planning
5.2. Outlook of development
6 ENTERPRISE ANALYSIS
6.1 Overview of the enterprises in the industry
6.2 Profitability
6.3 Liquidity
6.4 Solvency
6.5 Performance efficiency
6.6 Return on investment ratios
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Free Trade Agreements
2. THE WORLD TOURISM AND TRAVEL INDUSTRY AND THE WORLD ACCOMMODATION SERVICE INDUSTRY
2.1 The world tourism and travel industry
2.1.1 The world tourism and travel industry scale
2.1.2 Situation of the world tourism and travel industry
2.2 The world accommodation service industry
2.2.1 The world accommodation service industry scale
2.2.2 Situation of the world accommodation service industry
2.2.3 Situation of the accommodation service industry in some regions in the world
2.2.4 Top enterprises in the world 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 Typical enterprises
3.7 Typical accommodations
4. RISKS AND CHALLENGES
4.1 Risks
4.2 Challenges
4.3 SWOT Analysis
5. PLANNING AND OUTLOOK OF DEVELOPMENT
5.1. Planning
5.2. Outlook of development
6 ENTERPRISE ANALYSIS
6.1 Overview of the enterprises in the industry
6.2 Profitability
6.3 Liquidity
6.4 Solvency
6.5 Performance efficiency
6.6 Return on investment ratios
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2015 - 2018
Figure 2: GDP by current price and GDP per capita, 2013-2018
Figure 3: Structure of GDP by current price, 2018e
Figure 4: Contributions to economy growth by sectors, 2016-2018
Figure 5: FDI Capital, 2014 - 2018e
Figure 6: FDI attraction by sector, 2018
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, 2013-2018
Figure 10: USD/CNY exchange rate, 2016 - 12/2018
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 - 2017
Figure 15: Top countries have the most important contribution to the global GDP, 2016, 2027e
Figure 16: Contribution to globally economic growth by sectors, 2017
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, 2017
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: Important markets of the accommodation service industry in Asia-Pacific
Figure 35: Average growth rate of revenue per room in the USA in 2017, compared with 2016
Figure 36: Typical enterprises in the world hospitality industry, 2016
Figure 37: Number of visitors to Vietnam, 2011-2018
Figure 38: Structure of visitors to Vietnam, 2018f
Figure 39: Top 10 countries that have visitors to Vietnam the most, 2018
Figure 40: Number of foreign visitors to Hanoi, 2014-2018
Figure 41: Number of foreign visitors to Da Nang, 2013-2018
Figure 42: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013-2018
Figure 43: Top countries having the highest development of visitors, 2017
Figure 44: Accommodation purposes, 2016
Figure 45: Accommodation purposes, 2017
Figure 46: The Tourism market revenue, 2000-2018
Figure 47: Structure of tourism revenue by channels, 2013-2017
Figure 48: Number of enterprises in accommodation service industry, 2010-2017
Figure 49: Structure of enterprises in accommodation service industry by region, 2017
Figure 50: Number of labors in the accommodation service industry, 2010-2017
Figure 51: Total investment capital of the accommodation service industry, 2010-2017
Figure 52: Total fixed assets of the accommodation service industry, 2010-2017
Figure 53: Revenue of the accommodation service industry, 2010-2017
Figure 54: Structure of revenue of the accommodation service industry, 2014-2017
Figure 55: Structure costs and profit to revenue, 2015-2017
Figure 56: Structure of unallocated activity-based expenses, 2015-2017
Figure 57: Structure costs and profit to revenue by segment, 2017
Figure 58: Profit of the accommodation service industry, 2010-2017
Figure 59: Structure of booking room channels,2017
Figure 60 : Number of accommodations over the country, 2006-2017
Figure 61: Number of rooms over the country, 2006-2017
Figure 62: Number of accommodations of 3-star and above, 2013-2017
Figure 63: Supply of accommodations of 3-star and above, 2013-2017
Figure 64: Number of hotels in some key tourism destinations, 2017
Figure 65: Disposal income and expenditure of household, 2008 – 2017f
Figure 66: Number of hotels in some newly popular tourism destinations, 2017
Figure 67: Number of hotels in Hanoi, Q1/2016 - Q4/2018
Figure 68: Number of hotels in HCMC, Q1/2016 – Q4/2018
Figure 69: Supply of hotels in Da Nang, 2018
Figure 70: Supply of condotels in Da Nang, 2018
Figure 71: Supply of resort villas in some important destinations, 2017
Figure 72: Supply of 4-star-and-above hotels in some important destinations, 2017
Figure 73: Supply of condotels in some important destinations, 2017
Figure 74: Average room capacity over the country, 2006-2017
Figure 75: Operating capacity of 4-star and 5-star segments, 2014-2017
Figure 76: Operating capacity in Hanoi market, Q1/2015-Q4/2018
Figure 77: Operating capacity in Hanoi by segment, Q3/2018
Figure 78: Operating capacity of some large hotels in Hanoi, 2017
Figure 79: Operating capacity of accomadation service in HCMC, Q1/2015-Q4/2018
Figure 80: Operating capacity in HCMC by segment, Q4/2018
Figure 81: Operating capacity of hotels in some important destinations, 2017
Figure 82: Average room hiring price by segment, 2015-2017
Figure 83: Average room hiring price in Hanoi, Q1/2015-Q4/2018
Figure 84: Average room hiring price by segment, Q4/2018
Figure 85: Average room hiring price in HCMC, Q1/2015-Q4/2018
Figure 86: Average room hiring price by segment, Q4/2018
Figure 87: 10 countries that have the highest competitive ability indicators of tourism and travel, 2017
Figure 88: Competitive ability indicators of tourism and travel in Southeast Asia, 2017
Figure 89: Structure of population by class (expenditure), 2013 – 2020f
Figure 90: Disposal income and expenditure of household, 2008 – 2017f
Figure 91: Debit balance of Real Estate Debt, 2012-2017
Figure 92: Structure of Debit balance of Real Estate Debt, 2017
Figure 93: Forecast of the world tourism and travel industry growth, 2017e, 2026
Figure 94: Forecast of value of the world tourism and travel industry, 2026f
Figure 95: Revenue of the accommodation service industry, 2016-2020f
Figure 96: Net revenue growth, 2016-2017
Figure 97: Gross profit growth, 2017
Figure 98: Liquidity Ratios, 2017
Figure 99: Receivable turnover, 2017
Figure 100: Solvency, 2017
Figure 101: Asset Turnover Ratio, 2017
Figure 102: Fixed Asset Turnover ratio, 2016
Figure 103: Enterprise management expense/Net revenue, 2016-2017
Figure 104: Interest Expense/Net revenue, 2016-2017
Figure 105: Return on investment ratios, 2017
Figure 1: GDP growth rate by quarter, 2015 - 2018
Figure 2: GDP by current price and GDP per capita, 2013-2018
Figure 3: Structure of GDP by current price, 2018e
Figure 4: Contributions to economy growth by sectors, 2016-2018
Figure 5: FDI Capital, 2014 - 2018e
Figure 6: FDI attraction by sector, 2018
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, 2013-2018
Figure 10: USD/CNY exchange rate, 2016 - 12/2018
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 - 2017
Figure 15: Top countries have the most important contribution to the global GDP, 2016, 2027e
Figure 16: Contribution to globally economic growth by sectors, 2017
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, 2017
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: Important markets of the accommodation service industry in Asia-Pacific
Figure 35: Average growth rate of revenue per room in the USA in 2017, compared with 2016
Figure 36: Typical enterprises in the world hospitality industry, 2016
Figure 37: Number of visitors to Vietnam, 2011-2018
Figure 38: Structure of visitors to Vietnam, 2018f
Figure 39: Top 10 countries that have visitors to Vietnam the most, 2018
Figure 40: Number of foreign visitors to Hanoi, 2014-2018
Figure 41: Number of foreign visitors to Da Nang, 2013-2018
Figure 42: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013-2018
Figure 43: Top countries having the highest development of visitors, 2017
Figure 44: Accommodation purposes, 2016
Figure 45: Accommodation purposes, 2017
Figure 46: The Tourism market revenue, 2000-2018
Figure 47: Structure of tourism revenue by channels, 2013-2017
Figure 48: Number of enterprises in accommodation service industry, 2010-2017
Figure 49: Structure of enterprises in accommodation service industry by region, 2017
Figure 50: Number of labors in the accommodation service industry, 2010-2017
Figure 51: Total investment capital of the accommodation service industry, 2010-2017
Figure 52: Total fixed assets of the accommodation service industry, 2010-2017
Figure 53: Revenue of the accommodation service industry, 2010-2017
Figure 54: Structure of revenue of the accommodation service industry, 2014-2017
Figure 55: Structure costs and profit to revenue, 2015-2017
Figure 56: Structure of unallocated activity-based expenses, 2015-2017
Figure 57: Structure costs and profit to revenue by segment, 2017
Figure 58: Profit of the accommodation service industry, 2010-2017
Figure 59: Structure of booking room channels,2017
Figure 60 : Number of accommodations over the country, 2006-2017
Figure 61: Number of rooms over the country, 2006-2017
Figure 62: Number of accommodations of 3-star and above, 2013-2017
Figure 63: Supply of accommodations of 3-star and above, 2013-2017
Figure 64: Number of hotels in some key tourism destinations, 2017
Figure 65: Disposal income and expenditure of household, 2008 – 2017f
Figure 66: Number of hotels in some newly popular tourism destinations, 2017
Figure 67: Number of hotels in Hanoi, Q1/2016 - Q4/2018
Figure 68: Number of hotels in HCMC, Q1/2016 – Q4/2018
Figure 69: Supply of hotels in Da Nang, 2018
Figure 70: Supply of condotels in Da Nang, 2018
Figure 71: Supply of resort villas in some important destinations, 2017
Figure 72: Supply of 4-star-and-above hotels in some important destinations, 2017
Figure 73: Supply of condotels in some important destinations, 2017
Figure 74: Average room capacity over the country, 2006-2017
Figure 75: Operating capacity of 4-star and 5-star segments, 2014-2017
Figure 76: Operating capacity in Hanoi market, Q1/2015-Q4/2018
Figure 77: Operating capacity in Hanoi by segment, Q3/2018
Figure 78: Operating capacity of some large hotels in Hanoi, 2017
Figure 79: Operating capacity of accomadation service in HCMC, Q1/2015-Q4/2018
Figure 80: Operating capacity in HCMC by segment, Q4/2018
Figure 81: Operating capacity of hotels in some important destinations, 2017
Figure 82: Average room hiring price by segment, 2015-2017
Figure 83: Average room hiring price in Hanoi, Q1/2015-Q4/2018
Figure 84: Average room hiring price by segment, Q4/2018
Figure 85: Average room hiring price in HCMC, Q1/2015-Q4/2018
Figure 86: Average room hiring price by segment, Q4/2018
Figure 87: 10 countries that have the highest competitive ability indicators of tourism and travel, 2017
Figure 88: Competitive ability indicators of tourism and travel in Southeast Asia, 2017
Figure 89: Structure of population by class (expenditure), 2013 – 2020f
Figure 90: Disposal income and expenditure of household, 2008 – 2017f
Figure 91: Debit balance of Real Estate Debt, 2012-2017
Figure 92: Structure of Debit balance of Real Estate Debt, 2017
Figure 93: Forecast of the world tourism and travel industry growth, 2017e, 2026
Figure 94: Forecast of value of the world tourism and travel industry, 2026f
Figure 95: Revenue of the accommodation service industry, 2016-2020f
Figure 96: Net revenue growth, 2016-2017
Figure 97: Gross profit growth, 2017
Figure 98: Liquidity Ratios, 2017
Figure 99: Receivable turnover, 2017
Figure 100: Solvency, 2017
Figure 101: Asset Turnover Ratio, 2017
Figure 102: Fixed Asset Turnover ratio, 2016
Figure 103: Enterprise management expense/Net revenue, 2016-2017
Figure 104: Interest Expense/Net revenue, 2016-2017
Figure 105: Return on investment ratios, 2017
LIST OF TABLES
Table 1: Some indicators of China tourism and travel industry, 2017e
Table 2: Important markets of the accommodation service industry in Asia-Pacific
Table 3: Top 10 provinces attracting the highest number of visitors, 6M/2018
Table 4: Traditional tourism in comparison with online tourism
Table 5: 10 leading international travel enterprises in Vietnam, 2017
Table 6: 10 leading domestic travel enterprises in Vietnam, 2017
Table 7: 10 leading restaurants for tourists in Vietnam, 2017
Table 8: 10 leading 5-star hotels in Vietnam, 2017
Table 9: 10 leading 4-star hotels in Vietnam, 2017
Table 10: 10 leading 3-star hotels in Vietnam, 2017
Table 11: Vietnam Visa Exemption, 2008 – 2017f
Table 1: Some indicators of China tourism and travel industry, 2017e
Table 2: Important markets of the accommodation service industry in Asia-Pacific
Table 3: Top 10 provinces attracting the highest number of visitors, 6M/2018
Table 4: Traditional tourism in comparison with online tourism
Table 5: 10 leading international travel enterprises in Vietnam, 2017
Table 6: 10 leading domestic travel enterprises in Vietnam, 2017
Table 7: 10 leading restaurants for tourists in Vietnam, 2017
Table 8: 10 leading 5-star hotels in Vietnam, 2017
Table 9: 10 leading 4-star hotels in Vietnam, 2017
Table 10: 10 leading 3-star hotels in Vietnam, 2017
Table 11: Vietnam Visa Exemption, 2008 – 2017f
