Vietnam Travel and Tourism Market Summary and Forecast

January 2024 | 45 pages | ID: V05CEFF1C2BFEN
MarketLine

Abstracts

Vietnam Travel and Tourism Market Summary and Forecast

Summary

Travel & Tourism in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
• The Vietnamese travel & tourism industry had total revenues of $16.7 billion in 2022, representing a compound annual growth rate (CAGR) of 3.5% between 2017 and 2022.
• The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $12.1 billion, equivalent to 72.5% of the industry's overall value.
• The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to GlobalData, the proportion of travel and tourism in the GDP of Vietnam increased to 3.13% in 2022 from 1.96% in the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Vietnam
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Vietnam
• Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam travel & tourism market with five year forecasts

Reasons to Buy

• What was the size of the Vietnam travel & tourism market by value in 2022?
• What will be the size of the Vietnam travel & tourism market in 2027?
• What factors are affecting the strength of competition in the Vietnam travel & tourism market?
• How has the market performed over the last five years?
• What are the main segments that make up Vietnam's travel & tourism market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do these leading players follow?
7.3. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. Accor SA
8.2. Booking Holdings Inc
8.3. Starbucks Corporation

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Vietnam travel & tourism industry value: $ million, 2017–22
Table 2: Vietnam travel & tourism industry category segmentation: % share, by value, 2017–2022
Table 3: Vietnam travel & tourism industry category segmentation: $ million, 2017-2022
Table 4: Vietnam travel & tourism industry geography segmentation: $ million, 2022
Table 5: Vietnam travel & tourism industry value forecast: $ million, 2022–27
Table 6: Accor SA: key facts
Table 7: Accor SA: Annual Financial Ratios
Table 8: Accor SA: Key Employees
Table 9: Accor SA: Key Employees Continued
Table 10: Booking Holdings Inc: key facts
Table 11: Booking Holdings Inc: Annual Financial Ratios
Table 12: Booking Holdings Inc: Key Employees
Table 13: Starbucks Corporation: key facts
Table 14: Starbucks Corporation: Annual Financial Ratios
Table 15: Starbucks Corporation: Key Employees
Table 16: Starbucks Corporation: Key Employees Continued
Table 17: Starbucks Corporation: Key Employees Continued
Table 18: Vietnam size of population (million), 2018–22
Table 19: Vietnam gdp (constant 2005 prices, $ billion), 2018–22
Table 20: Vietnam gdp (current prices, $ billion), 2018–22
Table 21: Vietnam inflation, 2018–22
Table 22: Vietnam consumer price index (absolute), 2018–22
Table 23: Vietnam exchange rate, 2018–22

List Of Figures

LIST OF FIGURES

Figure 1: Vietnam travel & tourism industry value: $ million, 2017–22
Figure 2: Vietnam travel & tourism industry category segmentation: $ million, 2017-2022
Figure 3: Vietnam travel & tourism industry geography segmentation: % share, by value, 2022
Figure 4: Vietnam travel & tourism industry value forecast: $ million, 2022–27
Figure 5: Forces driving competition in the travel & tourism industry in Vietnam, 2022
Figure 6: Drivers of buyer power in the travel & tourism industry in Vietnam, 2022
Figure 7: Drivers of supplier power in the travel & tourism industry in Vietnam, 2022
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Vietnam, 2022
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Vietnam, 2022
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Vietnam, 2022