Key Insights
The Vietnamese hospitality industry, valued at $5.16 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 13.94% from 2025 to 2033. This surge is fueled by several key factors. Firstly, Vietnam's burgeoning tourism sector, driven by increasing international arrivals and a growing domestic middle class with higher disposable incomes, significantly boosts demand for hotel accommodations. Secondly, the government's proactive investment in infrastructure development, including improved transportation networks and airport expansions, enhances accessibility and further stimulates tourism. Finally, the rise of online travel agencies and the increasing popularity of budget-friendly travel options are democratizing access to hospitality services, contributing to market expansion across various segments. The industry is segmented by hotel type (chain vs. independent) and by service offerings (service apartments, budget/economy, mid-scale, and luxury hotels). Major players like InterContinental Hotels Group, Marriott International, and Vinpearl dominate the market, alongside numerous local chains and independent establishments. The competitive landscape is further shaped by the presence of diverse loyalty programs aimed at attracting and retaining customers.
Hospitality Industry in Vietnam Market Size (In Billion)
The forecast period reveals a significant upward trajectory for the Vietnamese hospitality market. While precise figures for future years are unavailable, extrapolating from the CAGR, we can anticipate substantial growth across all segments. However, challenges remain. Potential restraints include seasonal fluctuations in tourism, economic downturns impacting travel spending, and increasing competition. Furthermore, maintaining service quality and sustainability initiatives will be crucial for long-term success in this dynamic market. The continued expansion of infrastructure and strategic investments in marketing and technology will be instrumental for both established players and emerging businesses to capitalize on the immense potential of Vietnam's hospitality sector.
Hospitality Industry in Vietnam Company Market Share
This comprehensive report provides an in-depth analysis of Vietnam's dynamic hospitality industry, offering invaluable insights for investors, industry professionals, and strategic decision-makers. Covering the period 2019-2033, with a focus on 2025, this report unveils market trends, competitive landscapes, and future growth opportunities across various segments. Expect detailed data and projections on market size (in millions of units), CAGR, and key performance indicators.
Hospitality Industry in Vietnam Market Dynamics & Structure
Vietnam's hospitality sector is experiencing robust growth, driven by a burgeoning tourism industry and increasing domestic travel. The market structure is characterized by a mix of international and domestic players, with varying degrees of market concentration across different segments. Key dynamics include technological advancements, evolving regulatory frameworks, and intense competition.
- Market Concentration: The luxury hotel segment shows higher concentration with major international chains like InterContinental Hotels Group, Marriott International, and Ascott Hotels holding significant market share. The budget and economy segments display greater fragmentation with a larger number of independent players. Estimated market share for international chains in 2025 is xx%.
- Technological Innovation: Adoption of online booking platforms, revenue management systems, and customer relationship management (CRM) tools is accelerating, enhancing operational efficiency and customer experience. However, challenges remain in digital infrastructure development and cybersecurity.
- Regulatory Framework: Government initiatives to promote tourism and improve infrastructure are supportive of industry growth. However, regulations related to licensing, environmental standards, and labor laws require continuous adaptation.
- Competitive Product Substitutes: The rise of home-sharing platforms like Airbnb poses a competitive challenge, particularly in the budget and mid-range segments.
- End-User Demographics: The growing middle class and increasing disposable incomes fuel demand for hospitality services, especially in the mid-range and luxury segments.
- M&A Trends: The past five years have witnessed xx M&A deals in the Vietnamese hospitality sector, with international players actively acquiring local brands to expand their footprint. This trend is expected to continue, driven by consolidation and market expansion strategies.
Hospitality Industry in Vietnam Growth Trends & Insights
Vietnam's hospitality market is experiencing significant expansion, fueled by a robust tourism sector and rising domestic travel. Utilizing comprehensive market data and econometric modeling, this report reveals a strong historical growth trajectory and projects continued expansion throughout the forecast period (2025-2033).
The market size (in terms of revenue) experienced a CAGR of xx% during the historical period (2019-2024) and is projected to reach xx million units by 2025, achieving a CAGR of xx% from 2025 to 2033. This growth is underpinned by several factors including government initiatives to attract foreign investment, infrastructural improvements enhancing accessibility, and the rising popularity of Vietnam as a tourist destination. The adoption of innovative technologies, such as AI-powered chatbots for customer service and smart room management systems, is further contributing to efficiency and customer satisfaction. The changing consumer behavior, reflecting a greater preference for experiential travel and personalized services, is also shaping the industry's evolution.
Dominant Regions, Countries, or Segments in Hospitality Industry in Vietnam
Ho Chi Minh City and Hanoi remain the dominant regions, attracting the highest volume of tourists and business travelers. However, secondary cities are witnessing rapid growth, driven by infrastructural development and government initiatives to promote tourism diversification.
- By Type: Chain hotels account for a significant share of the market, particularly in the luxury and mid-range segments, while independent hotels dominate the budget segment.
- By Segment: Luxury hotels, driven by high-end tourism and business travel, are showing strong growth. Budget and economy hotels cater to the price-sensitive market segment and experience high occupancy during peak seasons. The service apartment segment is expanding to meet the needs of long-stay guests.
Key drivers include favorable government policies, improving infrastructure, and increasing domestic and international tourism. The growth potential varies across segments, with luxury and service apartments expected to exhibit higher growth rates than the budget segment.
Hospitality Industry in Vietnam Product Landscape
The hospitality landscape in Vietnam is characterized by a diverse range of offerings, from budget-friendly guesthouses to luxurious resorts. Innovation focuses on enhancing the guest experience, incorporating sustainable practices, and leveraging technology for efficiency. Unique selling propositions include culturally immersive experiences, personalized service, and sustainable tourism initiatives. Recent technological advancements include smart room technology, mobile check-in, and AI-powered concierge services.
Key Drivers, Barriers & Challenges in Hospitality Industry in Vietnam
Key Drivers: Government support for tourism development, infrastructure improvements, rising disposable incomes, and increasing international tourist arrivals are driving market growth.
Challenges: Intense competition, seasonal fluctuations in demand, labor shortages, and regulatory complexities are significant challenges. The impact of these challenges is estimated to reduce overall market growth by xx% annually.
Emerging Opportunities in Hospitality Industry in Vietnam
Untapped opportunities exist in niche tourism segments, such as eco-tourism, wellness tourism, and cultural tourism. The expansion of hospitality offerings in secondary cities and the development of innovative service models catering to specific consumer preferences (e.g., remote working facilities) represent significant growth avenues.
Growth Accelerators in the Hospitality Industry in Vietnam Industry
Strategic partnerships between international and local players, investments in sustainable tourism practices, and technological advancements driving operational efficiency and guest experience enhancement will accelerate long-term growth. Further government support for infrastructure development and initiatives fostering tourism diversity will significantly boost the sector's trajectory.
Key Players Shaping the Hospitality Industry in Vietnam Market
- InterContinental Hotels Group
- Vinpearl
- Saigon Tourist
- Marriott International
- Ascott Hotels
- Accor Hotels
- Diamond Bay Resort & Spa
- Muong Thanh Hospitality
- H&K Hospitality
- A25 Hotel Group
Notable Milestones in Hospitality Industry in Vietnam Sector
- November 2023: Marriott International launched three upscale hotels in Nha Trang, Da Nang, and Hoi An, expanding its luxury offerings in key tourist destinations.
- August 2023: Fusion Hotel Group opened Ixora Ho Tram by Fusion, a luxury wellness resort, adding to the high-end accommodation options in southern Vietnam.
In-Depth Hospitality Industry in Vietnam Market Outlook
Vietnam's hospitality sector is poised for continued robust growth, driven by a combination of macro-economic factors and targeted industry initiatives. Strategic investments in infrastructure, technological innovation, and sustainable practices will further enhance the sector's competitiveness and attractiveness to both domestic and international travelers. The diversification of tourism products and the expansion into secondary cities will unlock significant untapped potential, contributing to sustained market expansion in the coming years.
Hospitality Industry in Vietnam Segmentation
-
1. Type
- 1.1. Chain Hotels
- 1.2. Independent Hotels
-
2. Segment
- 2.1. Service Apartments
- 2.2. Budget and Economy Hotels
- 2.3. Mid and Upper Mid Scale Hotels
- 2.4. Luxury Hotels
Hospitality Industry in Vietnam Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Hospitality Industry in Vietnam Regional Market Share
Geographic Coverage of Hospitality Industry in Vietnam
Hospitality Industry in Vietnam REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 13.94% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Growth in Tourism is Driving the Market4.; Hotel Development in the Country Drives the Market Growth
- 3.3. Market Restrains
- 3.3.1. 4.; Lack Of Skilled Labour Is A Challenge For The Market4.; Regulatory Environment for Investors is a Challenge for Hospitality Sector
- 3.4. Market Trends
- 3.4.1. Rise in the Number of Visitors to the Country is Driving the Hospitality Industry
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chain Hotels
- 5.1.2. Independent Hotels
- 5.2. Market Analysis, Insights and Forecast - by Segment
- 5.2.1. Service Apartments
- 5.2.2. Budget and Economy Hotels
- 5.2.3. Mid and Upper Mid Scale Hotels
- 5.2.4. Luxury Hotels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chain Hotels
- 6.1.2. Independent Hotels
- 6.2. Market Analysis, Insights and Forecast - by Segment
- 6.2.1. Service Apartments
- 6.2.2. Budget and Economy Hotels
- 6.2.3. Mid and Upper Mid Scale Hotels
- 6.2.4. Luxury Hotels
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chain Hotels
- 7.1.2. Independent Hotels
- 7.2. Market Analysis, Insights and Forecast - by Segment
- 7.2.1. Service Apartments
- 7.2.2. Budget and Economy Hotels
- 7.2.3. Mid and Upper Mid Scale Hotels
- 7.2.4. Luxury Hotels
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chain Hotels
- 8.1.2. Independent Hotels
- 8.2. Market Analysis, Insights and Forecast - by Segment
- 8.2.1. Service Apartments
- 8.2.2. Budget and Economy Hotels
- 8.2.3. Mid and Upper Mid Scale Hotels
- 8.2.4. Luxury Hotels
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chain Hotels
- 9.1.2. Independent Hotels
- 9.2. Market Analysis, Insights and Forecast - by Segment
- 9.2.1. Service Apartments
- 9.2.2. Budget and Economy Hotels
- 9.2.3. Mid and Upper Mid Scale Hotels
- 9.2.4. Luxury Hotels
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific Hospitality Industry in Vietnam Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chain Hotels
- 10.1.2. Independent Hotels
- 10.2. Market Analysis, Insights and Forecast - by Segment
- 10.2.1. Service Apartments
- 10.2.2. Budget and Economy Hotels
- 10.2.3. Mid and Upper Mid Scale Hotels
- 10.2.4. Luxury Hotels
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 InterContinental Hotels Group
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Vinpearl
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Saigon Tourist
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Marriott International
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Ascott Hotels**List Not Exhaustive 6 3 Loyalty Programs Offered by Major Hotel Brand
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Accor Hotels
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Diamond Bay Resort & Spa
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Muong Thanh Hospitality
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 H&K Hospitality
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 A25 Hotel Group
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 InterContinental Hotels Group
List of Figures
- Figure 1: Global Hospitality Industry in Vietnam Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Hospitality Industry in Vietnam Revenue (Million), by Type 2025 & 2033
- Figure 3: North America Hospitality Industry in Vietnam Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Hospitality Industry in Vietnam Revenue (Million), by Segment 2025 & 2033
- Figure 5: North America Hospitality Industry in Vietnam Revenue Share (%), by Segment 2025 & 2033
- Figure 6: North America Hospitality Industry in Vietnam Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Hospitality Industry in Vietnam Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Hospitality Industry in Vietnam Revenue (Million), by Type 2025 & 2033
- Figure 9: South America Hospitality Industry in Vietnam Revenue Share (%), by Type 2025 & 2033
- Figure 10: South America Hospitality Industry in Vietnam Revenue (Million), by Segment 2025 & 2033
- Figure 11: South America Hospitality Industry in Vietnam Revenue Share (%), by Segment 2025 & 2033
- Figure 12: South America Hospitality Industry in Vietnam Revenue (Million), by Country 2025 & 2033
- Figure 13: South America Hospitality Industry in Vietnam Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Hospitality Industry in Vietnam Revenue (Million), by Type 2025 & 2033
- Figure 15: Europe Hospitality Industry in Vietnam Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Hospitality Industry in Vietnam Revenue (Million), by Segment 2025 & 2033
- Figure 17: Europe Hospitality Industry in Vietnam Revenue Share (%), by Segment 2025 & 2033
- Figure 18: Europe Hospitality Industry in Vietnam Revenue (Million), by Country 2025 & 2033
- Figure 19: Europe Hospitality Industry in Vietnam Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Hospitality Industry in Vietnam Revenue (Million), by Type 2025 & 2033
- Figure 21: Middle East & Africa Hospitality Industry in Vietnam Revenue Share (%), by Type 2025 & 2033
- Figure 22: Middle East & Africa Hospitality Industry in Vietnam Revenue (Million), by Segment 2025 & 2033
- Figure 23: Middle East & Africa Hospitality Industry in Vietnam Revenue Share (%), by Segment 2025 & 2033
- Figure 24: Middle East & Africa Hospitality Industry in Vietnam Revenue (Million), by Country 2025 & 2033
- Figure 25: Middle East & Africa Hospitality Industry in Vietnam Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Hospitality Industry in Vietnam Revenue (Million), by Type 2025 & 2033
- Figure 27: Asia Pacific Hospitality Industry in Vietnam Revenue Share (%), by Type 2025 & 2033
- Figure 28: Asia Pacific Hospitality Industry in Vietnam Revenue (Million), by Segment 2025 & 2033
- Figure 29: Asia Pacific Hospitality Industry in Vietnam Revenue Share (%), by Segment 2025 & 2033
- Figure 30: Asia Pacific Hospitality Industry in Vietnam Revenue (Million), by Country 2025 & 2033
- Figure 31: Asia Pacific Hospitality Industry in Vietnam Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 3: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 6: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 12: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Brazil Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: Argentina Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 17: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 18: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Germany Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: France Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Italy Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Spain Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Russia Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Benelux Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Nordics Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 29: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 30: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Country 2020 & 2033
- Table 31: Turkey Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Israel Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: GCC Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: North Africa Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 37: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Type 2020 & 2033
- Table 38: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Segment 2020 & 2033
- Table 39: Global Hospitality Industry in Vietnam Revenue Million Forecast, by Country 2020 & 2033
- Table 40: China Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 41: India Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: Japan Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 43: South Korea Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 45: Oceania Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Hospitality Industry in Vietnam Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Hospitality Industry in Vietnam?
The projected CAGR is approximately 13.94%.
2. Which companies are prominent players in the Hospitality Industry in Vietnam?
Key companies in the market include InterContinental Hotels Group, Vinpearl, Saigon Tourist, Marriott International, Ascott Hotels**List Not Exhaustive 6 3 Loyalty Programs Offered by Major Hotel Brand, Accor Hotels, Diamond Bay Resort & Spa, Muong Thanh Hospitality, H&K Hospitality, A25 Hotel Group.
3. What are the main segments of the Hospitality Industry in Vietnam?
The market segments include Type, Segment.
4. Can you provide details about the market size?
The market size is estimated to be USD 5.16 Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Growth in Tourism is Driving the Market4.; Hotel Development in the Country Drives the Market Growth.
6. What are the notable trends driving market growth?
Rise in the Number of Visitors to the Country is Driving the Hospitality Industry.
7. Are there any restraints impacting market growth?
4.; Lack Of Skilled Labour Is A Challenge For The Market4.; Regulatory Environment for Investors is a Challenge for Hospitality Sector.
8. Can you provide examples of recent developments in the market?
November 2023: Marriott International recently revealed the launch of three upscale hotels in sought-after vacation spots in Vietnam. These comprise the Nha Trang Marriott Resort & Spa on Hon Tre Island, the Danang Marriott Resort & Spa in Non-Nuoc Beach Villas, and the Renaissance Hoi An Resort & Spa.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Hospitality Industry in Vietnam," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Hospitality Industry in Vietnam report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Hospitality Industry in Vietnam?
To stay informed about further developments, trends, and reports in the Hospitality Industry in Vietnam, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence