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Hotel industry in Vietnam is anticipated to present a demand of around 38,000 rooms in 2010, says RNCOS in its latest research study.
PRLog (Press Release) – Feb 24, 2010 – According to our latest research report “Vietnam Tourism Industry Forecast to 2012”, tourism industry in Vietnam is projected to witness healthy growth rates in coming years, owing to the upcoming events such as the 1,000th anniversary of Thang Long-Hanoi in combination with National Tourism year in 2010. Resultantly, future of the hotel industry also remains buoyant, and it is expected that the country will require around 38,000 rooms in 2010.
We have done extensive research and prudent analysis of the Vietnam tourism industry in order to understand the factors that will continue serving as growth drivers for the tourism market in Vietnam during 2010-2013. We have identified that various factors such as growing disposable income and improving economy have been resulting into the increase in outbound and domestic tourism in the country. In 2009, despite the global recession, the travel and tourism industry was expected to contribute 13.1% of the GDP to the Vietnamese economy. The research report also gives insight into the role of government in promoting the tourism market across various destinations round the globe. Besides this, various other factors propelling the growth of the tourism industry in the major cities of Vietnam have been thoroughly evaluated in the report.
Our research reveals that Vietnam shows immense potential for the growth of tourism industry in coming years. The country has seen substantial FDI in this sector. The tourism sector accounted for 44.7% of the total FDI into Vietnam during January-November 2009. Moreover, major international players in the hospitality sector have set up their base in the country. The report also gives an overview of the factors that may hinder the growth of tourism market in the years to come.
Besides this, our report “Vietnam Tourism Industry Forecast to 2012” provides an extensive research and rational analysis along with reliable statistics of the Vietnamese tourism industry and presents a clear picture of the country’s future prospects that may shape up with the betterment of economic conditions. Various segments that have been covered in the report for an in-depth analysis to give strategic insight into the market includes: inbound tourism, outbound tourism, domestic tourism, hospitality sector, and opportunities in the major cities of Vietnam. The report has thoroughly examined all the current market trends, industrial developments and competitive landscape to help clients understand the market structure and its progress in coming years. Our report also includes prudent industry forecast and estimates along with detailed information about key players operating in the Vietnam tourism industry.