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With the Government’s effective pandemic containment measures and initiatives to stimulate domestic tourism demand, sentiment towards travel is recovering.

This year 2020 has been a particularly challenging year for the hospitality industry with the occurrence of the Covid-19 pandemic, which command the implementation of social distancing and travel restriction measures.

Grant Thornton Vietnam’s Hotel Survey 2019 presents financial, operational and marketing information for the 2018 financial year from a range of Vietnamese upscale hotels and resorts.

Condotels friend or foe for the tourism industry?

Grant Thornton Vietnam’s Hotel Survey 2018 presents financial, operational and marketing information for the 2017 financial year from a range of Vietnamese upscale hotels and resorts.

Danang has been one of the most successful cities in Vietnam, in developing and growing a tourism industry and is looking at how to successfully develop the City from now to 2035. Tourism currently contributes 23% of GDP and in the first quarter of 2018 Danang has seen its foreign visitor arrivals increase 69% yoy.

2016 is considered to have been a “fantastic year with history-making results”. The Vietnamese Tourism Industry saw an increase in both to an all-time high, with 26% increase in total foreign visitor arrivals and an18.4% increase in total revenue. In 2016, Vietnam welcomed 72 million domestic and International visitors, higher than the target of 68.5 million visitors as set out by Vietnam National Administration of Tourism (VNAT). This is a remarkable achievement considering the ecological disaster in the Central coast, which haunted the industry in mid-year 2016, and where the number of visitor dropped significantly. The Vietnam Tourism Industry recorded a record 10 million international visitors and the highest yearly increase of 2 million international visitors

Grant Thornton Vietnam’s Hotel Survey 2017 presents financial, operational and marketing information for the 2016 financial year from a range of Vietnamese upscale hotels and resorts.

At last the Vietnamese authorities are waking up to the importance of Travel and Tourism as an economic sector and its growing contribution to GDP. In 2016 international visitor arrivals reached 10 million for the first time a growth of 26% over 2015. Domestic tourism also continued its rapid growth with over 63 million domestic travelers. The top 5 inbound countries are China ( 2.7 mn +51%); Korea (1.5 mn + 38%); Japan (0.74 mn + 10%); USA (0.550 mn +12.5%) Taiwan ( 0.507 mn + 15.8%). As can be seen China, Korea and Japan account for 50% of inbound foreign arrivals.

Mergers and Acquisitions continue to be buoyant Vietnam continues to see foreign interest in the M & A market, with significant interest and completed deals in 2016, from Thai firms, in particular. Of the US$24.4 billion committed last year in Foreign Direct Investment US$ 3.4 billion was from M & A, according to the General Statistics Office.

Vietnam’s Tourism Sector

The brand dilemma: hotels’ roadmap to 2020

Grant Thornton Vietnam’s Hotel Survey 2016 presents financial, operational and marketing information for the 2015 financial year from a range of Vietnamese upscale hotels and resorts.

Guests are less loyal and more demanding than ever before. They use online travel agents (OTAs) and aggregators to find the best hotels and deals – which helps operators fill their rooms, but at a cost.

The power of personalisation: Hotels’ roadmap to 2020

Vietnam’s travel, tourism and leisure sector - Part 2