Bharat Book Bureau

Vietnam Tourism Industry Forecast to 2012

Vietnam is one of the most popular tourist destinations in the Asia-Pacific region and its tourism industry has been growing unprecedentedly over the past few years. In 2009, despite the global recession, the travel and tourism industry is estimated to have contributed 13.1% of the GDP to the Vietnamese economy. Being a source as well as destination market, the Vietnamese tourism industry has grown nearly twice as fast as GDP in recent years. The government’s support has been the key driving force for this industry. The government has been spending readily on the promotional activities all around the world to boost the nation’s tourism industry. The domestic tourism grew at a high rate during 2008-2009.
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According to our new research report “Vietnam Tourism Industry Forecast to 2012”, tourism sector of Vietnam is projected to grow at double-digit growth rate in near future, owing to a rise in private sector investment. As the country attracts tourists from all over the world, majority of private players have started investing in the country’s hospitality sector. With several upcoming events in 2010, there will be an increased demand for rooms in the hospitality industry. In this regard, we have done extensive analysis of various segments of the tourism market in Vietnam.

The baseline for the optimistic future outlook projected in our report is that the there has been an increase in the number of outbound and domestic tourism. Due to the rapid economic growth, increasing disposable income and large share of young population, the tourism industry in Vietnam will show positive growth in the coming years. Increase in MICE tourism will also favor the country’s tourism market over the forecast period (2010-2013).

“Vietnam Tourism Industry Forecast to 2012” incorporates an extensive research and rational analysis of the tourism industry in Vietnam. It provides segment-level analysis of the industry along with future trends that may shape up with the improvement in economic conditions. The research will help consultants, industry analysts and vendors to get in-depth knowledge of the current, past and future performance of the industry. Our report also includes industry forecast and estimates along with detailed information about the key players operating in the tourism industry of Vietnam.

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