Vietnam’s only nominee, Vietravel was honoured a title of the World Travel Awards 2014 (WTA) at the awards ceremony in Bangkok, Thailand on October 2.

This is the fourth year in a row that Vietravel has been honoured by TTG Asia magazine’s Travel Award.

Established in 1995, Vietravel has recorded significant growth and become a leading tourist company in Vietnam and the Asian region.

During the first nine months of 2014, Vietravel welcomed 457,000 customers and generated 3.5 trillion VND (164 million USD) in revenue, up by 25 percent compared to the year before.

Vietravel faced the challenge of a decline in the number of Chinese tourists and a failure to develop South Africa as an attractive destination for Vietnamese tourists. However, Vietravel promoted other markets such as Japan and the Republic of Korea (RoK).

Additionally, the company introduced its services on the EU and US markets, which have started to attract 400-500 tourists a month.

The domestic market has also been stimulated, with a focus on Da Nang, Phu Quoc and Nha Trang, recording a growth rate of 25 percent year-on-year.

Vietravel has an extensive office network both domestically and abroad, with more than 40 offices nationwide and branches in Cambodia, Thailand, and the US.

According to the company’s five year plan for 2015-2020, Vietravel aims to become Vietnam’s first multinational tourist company.-VNA