NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/09/16 - International tourist arrivals in Vietnam are projected to grow at a CAGR of around 15% during 2010-2013 in the backdrop of rising investments in tourism and hospitality sector, says RNCOS in its latest report.
Vietnam, with its beautiful landscape, fast developing services and a safe and stable political environment, occupied fifth place among the ASEAN countries in terms of attracting foreign visitors during 2008. According to our research report “Vietnam Tourism Industry Forecast to 2012”, international tourist arrivals in Vietnam are projected to grow at a CAGR of around 15% during 2010-2013 on the back of aggressive marketing campaigns, increasing government expenditure and high FDI flow in the tourism sector. Besides, its attractiveness as a new tourist destination is positioning the country as a global tourism hub.
Our team of experts have found that Hanoi, Ho Chi Minh City and Da Nang are three major cities in Vietnam as far as the tourism industry is considered. Hanoi, the Capital of Vietnam, has been registering continuous increase in tourist arrivals for the past few years. We have also found that China was the largest tourist market for Vietnam in 2009, accounting for around 14% of the total tourist arrivals. Due to the recovery of global economy and business activities between Vietnam and rest of the world increasing, the confidence of tourists is boosting up, resulting in ballooning of inbound tourism.
The report has also found that Vietnam is emerging as one of the popular destinations for cruise tourism and holds immense potential to develop its cruise tourism industry. This is because the country, located between North and South Asia, is in close proximity with the region’s two cruise hubs - Hong Kong and Singapore. The industry has demonstrated a gradual growth for the past few years. In 2009, the number of cruise passengers reached 100,000 passengers.
“Vietnam Tourism Industry Forecast to 2012” provides valuable information regarding Vietnam inbound and outbound tourism industry with forecast till 2013. The report has analyzed recent industry trends and growth drivers. Our report also includes a brief description of key players in the tourism industry. The report has analyzed every aspect of tourism industry in order to provide the best consultancy to clients.
RNCOS (rncos.com) 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.