Dublin, Sept. 13, 2022 (GLOBE NEWSWIRE) — The report “Vietnam Travel & Tourism Market, By Product/Service Offer, By Destination, By Purpose of Visit, By Region, Competition Forecast & Opportunities, 2027” has been added to from ResearchAndMarkets.com offer.
Vietnam travel and tourism market is expected to grow at a terrific rate during the forecast period, 2023-2027
The growth of the market can be attributed to supportive government policies aimed at encouraging tourism in the country and an increasing number of attractive marketing and promotional strategies by market players. Additionally, increased competition among market players and strong economic growth are contributing to the travel and tourism market in Vietnam.
Tourism is one of Vietnam’s most important revenue-generating industries, and the economy relies heavily on domestic travel to generate significant revenue. Consumers’ disposable income has increased, enabling them to afford domestic travel. Domestic travel is expected to grow rapidly and recover rapidly after the pandemic due to increased consumer domestic spending and the launch of attractive and affordable tour packages by market players.
Local tourism can be increased by focusing on the development of emerging destinations with the help of local governments, online travel agencies, hotels and airlines. After the lockdown restrictions were lifted, outdoor tourism, which includes mountains, beaches, sun and nature, was among the top choices of Vietnamese visitors. The travel and tourism industry is changing rapidly, and with changing international travel and vaccination requirements, the industry is expected to see growth opportunities over the forecast period.
The market players are investing in the adoption of the online shopping platform for the consumer base by reaching a wider audience. Presence of interactive websites and mobile applications offering lucrative travel packages to consumers and 24/7 customer support to resolve customer queries is expected to drive the growth of travel and tourism market in Vietnam.
Travelers and tourists can benefit from personalized travel plans according to their convenience, budget and needs. Market players also offer tourists to virtually visit tourist places, make the right decisions about the places they want to visit and choose the mode of travel suitable for the destination.
The tour/holiday segment is expected to dominate the travel and tourism market in Vietnam, owing to the large investments by major authorities for the transformation of the tourism industry and the ongoing infrastructure developments in the country.
Goal of the study:
- To analyze the historical market size growth of the Vietnam Travel and Tourism market from 2017 to 2021.
- Estimate and forecast the market size of Vietnam Travel and Tourism Market from 2023 to 2027 and the growth rate till 2027.
- Classify and forecast the Vietnam travel and tourism market based on product/service offering, destination, purpose of visit, region and company.
- To identify the dominant region or segment in the Vietnam travel and tourism market.
- Identify Vietnam travel and tourism market drivers and challenges.
- Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Vietnam travel and tourism market.
- Identify and analyze the profiles of key players operating in the Vietnam travel and tourism market.
- To identify the key sustainable strategies adopted by market players in the Vietnam travel and tourism market.
Company Profiles: Detailed analysis of the major companies present in the Vietnam travel and tourism market.
- Viet Vision Travel
- Lily’s Travel Agency
- Hello Travel Laos
- Amazing Vietnam Tour
- Journey to the green era
- Get Up and Go Vietnam Travel Company
- exodus journeys
- Trip to Three Lands
- Vietnam Adventure Travel
- Phu Quoc Island Explorer
Years considered for this report:
- Historical years: 2017-2020
- Base year: 2021
- Estimated year: 2022
- Forecast period: 2023-2027
Vietnam travel and tourism market, by product/service offering:
- Ticket reservation
- Hotel reservation
- Holiday/excursion packages
- Travel insurance
- Visa services
- Conference/trade show services
Travel and tourism market in Vietnam, by destination:
- domestic tourist
- international tourist
Vietnam travel and tourism market, by purpose of visit:
- Leisure & Recreation
- social activity
Vietnam travel and tourism market, by region:
For more information on this report visit https://www.researchandmarkets.com/r/niulia