Vietnam Tourism Report Q4 2016

Date: September 14, 2016
Pages: 33
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: Visitor numbers have been strong in 2016 after a below-average 2015, and major international hotel groups have initiated new developments. This expansion, by both international and domestic chains, is expected to continue as companies look to capitalise on increasing arrival figures and up-and-coming areas. We expect very strong growth in the value of the hotel and restaurant industry over the forecast period. Tourism arrivals will be boosted by the increasing interest from the Asia Pacific region, most notably China and Japan, and by a greater number of European tourists. This in turn will increase international tourism receipts, encouraging further investment from the government and private groups. It should be noted, however, that many tourism providers in Vietnam are run by foreign companies, exploiting the lack of regulation on foreign-owned businesses. For the country to fully capitalise on the growing industry, it has been suggested that this situation should be rectified by the government.

Key Updates And Forecasts
  • The Vietnamese government recently held talks with tourism leaders in Thailand in a bid to improve relations and to strengthen the appeal of both countries to foreign tourists. The two countries agreed to share information on visitor preferences, assist each other with human resource training and jointly promote holiday destinations and attractions in both countries. Priority will also be given to air travel between the two countries as well as working to improve road and sea links. Talks have already begun on new flights between the two nations.
  • In August 2016 Emirates Airline introduced daily flights between Dubai and Hanoi, via Myanmar. This represents Emirates' second gateway into Vietnam after flights to Ho Chi Minh were initiated in 2012, and the move is hoped to significantly boost international tourism.
  • Recently, the Vietnamese government announced plans to introduce electronic visas from the beginning of 2017. With many tourists currently facing expensive and lengthy visa application processes, it is hoped this will boost visitor numbers by making travel to the country much more simple and accessible. The government has already decided to prolong visa exemption for tourists from the UK, France, Spain, Germany and Italy for another year in a bid to boost arrivals from these key source markets.
BMI Industry View
  Table: Key Forecasts (Vietnam 2013-2020)
Industry Forecast
  Table: Inbound Tourism (Vietnam 2013-2020)
  Table: Tourism Receipts (Vietnam 2013-2020)
  Table: Hotel Accommodation (Vietnam 2013-2020)
  Table: Tourist Departures And Consumption (Vietnam 2013-2020)
Industry Risk/Reward Index
  Table: Asia Pacific Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
  Table: Domestic Hotel Groups
International Hotel Groups
  Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
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Vietnam Tourism Report Q1 2016 US$ 1,295.00 Nov, 2015 · 32 pages
Vietnam Tourism Report Q2 2016 US$ 1,295.00 Feb, 2016 · 32 pages
Vietnam Tourism Report Q3 2016 US$ 1,295.00 May, 2016 · 34 pages
Travel and Tourism in Vietnam US$ 2,100.00 Dec, 2014 · 65 pages
Vietnam's Tourism Update US$ 249.00 Aug, 2011 · 7 pages

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