Private Sector Investments to Drive Vietnamese Tourism Industry by:RNCOS E-Services Pvt. Ltd.
According to our report "Vietnam Tourism Industry Forecast to 2012"
, Vietnam has emerged as one of the popular tourist destinations in the Asia-Pacific region and its tourism industry has been growing unprecedentedly for the past few years. Despite global recession, the country's tourism industry contributed nearly 13% of the GDP. Being a source as well as destination market, Vietnamese tourism industry has grown nearly twice as fast as GDP in recent years. Moreover, with rise in private sector investments and the government support, the industry is expected to surge at CAGR of around 15% during 2010-2013.
Vietnamese tourism industry is one of the rapidly growing segments, encompassing future of the country's overall growth. With its beautiful landscape, fast developing services, and safe & stable political environment Vietnamese tourist industry occupied fifth place among the ASEAN countries in terms of tourist arrivals during 2008. Vietnamese tourism sector is projected to grow at double-digit growth rate in near future, owing to a rise in private sector investments. As the country is attracting tourists from across the globe, majority of private players have started investing in the country's hospitality sector. At the regional level, China, the USA, and South Korea are the major sources of foreign tourist to the country.
Additionally, the report covers detail analysis of untapped opportunities in major cities like, Hanoi, Ho Chi Minh, and Da Nang and it has been found that tourist arrival in Da Nang is constantly increasing on the back of few factors discussed in the report. Apart from this, the report incorporates an extensive research and rational analysis of the Vietnamese tourism industry. It provides segment-level analysis of the industry along with future trends that may shape up with the improvement in economic conditions.
"Vietnam Tourism Industry Forecast to 2012" provides detail information about the major market drivers and restraints, which are prevailing in the industry. The report also covers emerging tourism opportunities in the country to enable industry players tap the huge potential. Due consideration has been given to the competitive landscape to enable clients understand market structure and growth prospects in coming years. Easy to comprehend content, detail information analysis, and effective presentation are some of the main features of this report.
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About the author
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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Private Sector Investments to Drive Vietnamese Tourism Industry by:RNCOS E-Services Pvt. Ltd. Aguascalientes