Travel and Tourism in Vietnam to 2019

Travel and Tourism in Vietnam to 2019

Vietnam's Travel and Tourism sector performed well during the historic period (2010-2014), driven by growth in both the domestic and inbound tourism markets. Government initiatives that focused on promoting tourism during the national holidays contributed to the growth in domestic tourism. In 2014, Thua Thien Hue registered the largest annual growth of 8.1% in the number of domestic trips, driven by various discount offers on tour packages. The tourism industry of Thua Thien Hue also held road shows in Ho Chi Minh City and Hanoi to attract more domestic tourists. Infrastructural development and tourism investment in emerging source countries such as Russia, Japan, and South Korea contributed to the growth in inbound tourism. Although China remains the leading tourist inbound country in 2014, the growth in tourist arrivals from China was significantly slow in the months of May and June, due to anti-Chinese riots in Vietnam in May 2014.

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Key Findings
The total number of domestic trips during the historic period increased from 28 million in 2010 to 37.5 million in 2014, driven by various stimulation programs launched by the VNAT such as 'Vietnamese people travel across Vietnam', which was launched in July 2014. Furthermore, the promotional campaigns are expected to increase the domestic tourist volume at a CAGR of 6.87% over the forecast period, particularly in coastal areas, islands, and mountains

PhuQuoc Island in southwest Vietnam has emerged as a popular tourist destination in 2014, driven by an increasing number of domestic flights (such as VietJet which launched a new flight from PhuQuoc to Hanoi in May 2014, a route that was previously only served by Vietnam Airlines), the introduction of new international air routes (such as Singapore and Cambodia), and upcoming luxury resorts (such as Vinepearl Resort).Moreover, the government of Vietnam...

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