Vietnam Travel & Tourism Market By Product/Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Foreign Exchange, Conference/Trade Fair Services/MICE and Others), By Destination (Domestic, Inbound, Outbound), By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others), By Tourist Profile (Indians Vs, Foreign Nationals), By Average Duration of Stay, By Region, Competition Forecast & Opportunities 2027

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Summary

Report Description

Vietnam travel & tourism market is anticipated to grow at a rate of steady CAGR for the forecast period, 2023-2027. Strong economic growth, supportive government policies, increase in competition among market players, and adoption of attractive marketing and promotional strategies by market players are the key factors driving the growth of the Vietnam travel & tourism market in the forecast period.

Flourishing Domestic Tourism Supports the Market Growth

Tourism is considered as one of the most prominent revenues producing industries in Vietnam, and the economy is majorly dependent on domestic traveling to generate significant income sources. The rise in disposable income of consumers enables them to afford domestic traveling as many international countries have closed their international borders for people belonging to other nationalities. Domestic traveling is expected to grow at a rapid rate and is expected to recover the amount in a short time due to increasing domestic spending by consumers and the launch of attractive and affordable tourist packages by market players. Local tourism can be boosted by focusing on developing emerging destinations with cooperation from local authorities, online travel agencies, hotels, and airlines. Outdoor tourism, which involves mountains, beaches, sunshine, nature, were among the top choices for Vietnamese travelers after the lockdown restrictions were relaxed. The travel & tourism industry is rapidly evolving with time, and with relaxations in international traveling and vaccination facilities, the industry is expected to witness growth opportunities in the forecast period.

International Tourism Industry Generates Significant Revenue Sources

International tourists comprise a smaller number of tourists than local tourists, but they account for more than half of tourism spending for the country. The growing tourism industry generates a large number of job opportunities for the people and supports the food and beverage and the retail sector. The majority of tourists visiting Vietnam are from Asian countries, with those from Taiwan, Japan, South Korea, and China, as the country has strong economic ties with these countries. The government of Vietnam is adopting a zero-case-first strategy as it covers the countries having relatively lower COVID-19 transmission rates to gain the traveler’s confidence and accelerate the number of foreign visitors in the country. Investments by market players to boost the number of travelers from these countries and offer affordable and quality services to international tourists is expected to bolster the Vietnam travel & tourism market growth in the forecast period.

Adoption Of Online Sales Platform by Market Player Drives Market Growth

Market players are investing in adopting the online sales platform for the consumer base by reaching a wider audience. The presence of interactive websites and mobile applications offering lucrative traveling packages to consumers and 24*7 customer support to solve customer queries is expected to drive the Vietnam travel & tourism market growth. Travelers and tourists could avail customized travel plans according to their convenience, budget, and requirements. Market players are also offering the tourists to visit the tourist places virtually, make the right decisions about the places they want to visit, and choose the suitable traveling mode for the destination.


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Market Segmentation

The Vietnam travel & tourism market is segmented into product/service offering, type, purpose of visit, tourist profile, average duration of stay, regional distribution, and company. Based on the product/service offering, the market is divided into ticket reservation, hotel booking, holiday/tour packages, travel insurance, foreign exchange, conference/trade fair services/MICE and others. Based on type, the market is divided into domestic, inbound and outbound. Based on the purpose of visit, the market is divided into business, leisure & recreation, education, medical, social activity, and others. Based on tourist profile, the market is segmented into Indians and foreign nationals. To analyze the market based on the region, the Vietnam Travel & Tourism market is studied in major regions namely Northern region, Southern region, and Central region.

Market Players

Viet Vision Travel, Lily’s Travel Agency, Hello Laos Travel, Amazing Tour Vietnam, Green Era Travel, Get Up and Go Vietnam Travel Company, Exodus Travels, Threeland Travel, Vietnam Adventure Tours, Phu Quoc Island Explorer, are among the major market players in the Vietnam that lead the market growth of the Vietnam Travel & Tourism market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product /Service Offering

·         Type

·         Purpose of Visit

·         Tourist Profile

·         Average Duration of Stay

·         Region

Regional scope

Northern, Southern and Central

Key companies profiled

Viet Vision Travel, Lily’s Travel Agency, Hello Laos Travel, Amazing Tour Vietnam, Green Era Travel, Get Up and Go Vietnam Travel Company, Exodus Travels, Threeland Travel, Vietnam Adventure Tours, Phu Quoc Island Explorer

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam Travel & Tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Travel & Tourism Market, By Product /Service Offering:
    • Ticket Reservation
    • Hotel Booking
    • Holiday/Tour Packages
    • Travel Insurance
    • Foreign Exchange
    • Conference/Trade Fair/MICE
    • Others
  • Vietnam Travel & Tourism Market, By Type:
    • Domestic
    • Inbound
    • Outbound
  • Vietnam Travel & Tourism Market, By Purpose of Visit:
    • Business
    • Leisure & Recreation
    • Education
    • Medical
    • Social Activity
    • Others
  • Vietnam Travel & Tourism Market, By Tourist Profile:
    • Indians
    • Foreign Nationals
  • Vietnam Travel & Tourism Market, By Average Duration of Stay:
    • Number of Days
  • Vietnam Travel & Tourism Market, By Region:
    • Northern
    • Southern
    • Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Travel & Tourism market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vietnam Travel & Tourism Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Travel & Tourism – An Introduction

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

4.1.   Frequency of Travel

4.2.   Brand Awareness

4.3.   Brand Preference

4.4.   Challenges Faced by Customers

5.     Vietnam Travel & Tourism Market Outlook

5.1.   Market Size & Forecast

5.1.1.   By Value

5.2.   Market Share & Forecast

5.2.1.   By Product/Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Foreign Exchange, Conference/Trade Fair/MICE and Others)

5.2.2.   By Type (Domestic, Inbound and Outbound)

5.2.3.   By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others)

5.2.4.   By Tourist Profile (Indians and Foreign Nationals)

5.2.5.   By Average Duration of Stay (Number of Days)  

5.2.6.   By Region

5.2.6.1. By Tourist Profile (Nationality)

5.2.6.2. By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity & Others)

5.2.6.3. By Average Duration of Stay (Number of Days)

5.2.6.4. By Urban Vs. Rural Tourism

5.2.6.5. By Leading City

5.3.   Market Map (By Type, By Product/Service Offering, By Purpose of Visit and By Region)

6.     Vietnam Leisure & Recreation Travel & Tourism Market Outlook

6.1.   Market Size & Forecast

6.1.1.  By Value

6.2.    Market Share & Forecast

6.2.1.   By Average Duration of Stay

6.2.2.   By Type

6.2.3.  By Tourist Profile

7.     Vietnam Religious Travel & Tourism Market Outlook

7.1.   Market Size & Forecast

7.1.1.  By Value

7.2.    Market Share & Forecast

7.2.1.   By Average Duration of Stay

7.2.2.   By Type

7.2.3.  By Tourist Profile

8.     Vietnam Business Travel & Tourism Market Outlook

8.1.   Market Size & Forecast

8.1.1.  By Value

8.2.    Market Share & Forecast

8.2.1.   By Average Duration of Stay

8.2.2.   By Type

8.2.3.  By Tourist Profile

9.     Vietnam Social Travel & Tourism Market Outlook

9.1.   Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.   By Average Duration of Stay

9.2.2.   By Type

9.2.3.  By Tourist Profile

10.   Vietnam Medical Travel & Tourism Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2.  Market Share & Forecast

10.2.1.     By Average Duration of Stay

10.2.2.     By Type

10.2.3.    By Tourist Profile

11.   Vietnam Education Travel & Tourism Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2.  Market Share & Forecast

11.2.1.     By Average Duration of Stay

11.2.2.     By Type

11.2.3.    By Tourist Profile

12.   Market Dynamics

12.1. Drivers

12.2. Challenges

13.   Market Trends & Developments

14.   SWOT Analysis

15.   Policy & Regulatory Landscape (Government Initiatives & Support Measures)

16.   Vietnam Economic Profile

17.   Competitive Landscape

17.1. Competition Outlook

17.2. Company Profiles (10 Leading Company Profiles)

17.2.1.    Viet Vision Travel

17.2.2.    Lily’s Travel Agency

17.2.3.    Hello Laos Travel

17.2.4.    Amazing Tour Vietnam

17.2.5.    Green Era Travel

17.2.6.    Get Up and Go Vietnam Travel Company

17.2.7.    Exodus Travels

17.2.8.    Threeland Travel

17.2.9.    Vietnam Adventure Tours

17.2.10.  Phu Quoc Island Explorer

18.   Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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High-end investments by the market player and leading authorities and development of transportation and infrastructure in the country are driving the demand for in the forecast period.

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Viet Vision Travel, Lily’s Travel Agency, Hello Laos Travel, Amazing Tour Vietnam, Green Era Travel, Get Up and Go Vietnam Travel Company, Exodus Travels, Threeland Travel, Vietnam Adventure Tours, Phu Quoc Island Explorer are among the major market players operating in in the forecast period.

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High cost of traveling and accommodation costs may hinder the market growth in the forecast period.

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Based on purpose of visit, the market is divided into business, leisure & recreation, education, medical, social activity, and others. Leisure & recreation segment is expected to hold the largest market share in the forecast period.

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Parvati Sharma

Account Manager BD
Press Release

Vietnam Travel & Tourism Market to be Dominated by International Tourist till 2027

Jan, 2022

Ongoing infrastructure development and favorable business set-up opportunities for market players are driving the growth of the Vietnam Travel & Tourism Market in the forecast period, 2023-2027.

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