RNCOS, a leading market research andinformation analysis company, has issued a new Market Research Report,saying that tourism sector of Vietnam is projected to grow atdouble-digit growth rate in near future, owing to a rise in privatesector investment.
According to RNCOS's report"Vietnam Tourism Industry Forecast to 2012" launched onto its web onMarch 16, as Vietnam attracts tourists from all over the world,majority of private players have started investing in the country’shospitality sector. With several upcoming events in 2010, especiallythe Thang Long Ha Noi celebrations, there will be an increased demandfor rooms in the hospitality industry.
"The baseline for the optimistic future outlook projected in its reportis that the there has been an increase in the number of outbound anddomestic tourism. Due to the rapid economic growth, increasingdisposable income and large share of young population, the tourismindustry in Vietnam will show positive growth in the coming years.Increase in MICE tourism will also favor the country’s tourism marketover the forecast period (2010-2013)," the company said.
RNCOS affirmed: "Vietnam is one of the most popular touristdestinations in the Asia-Pacific region and its tourism industry hasbeen growing unprecedentedly over the past few years. In 2009, despitethe global recession, the travel and tourism industry is estimated tohave contributed 13.1 percent of the GDP to the Vietnamese economy.Being a source as well as destination market, the Vietnamese tourismindustry has grown nearly twice as fast as GDP in recent years."
The company attributed the above-said achievements to the Vietnamesegovernment’s support, describing it as key driving force for thisindustry. It added the government has been spending readily on thepromotional activities all around the world to boost the nation’stourism industry./.
According to RNCOS's report"Vietnam Tourism Industry Forecast to 2012" launched onto its web onMarch 16, as Vietnam attracts tourists from all over the world,majority of private players have started investing in the country’shospitality sector. With several upcoming events in 2010, especiallythe Thang Long Ha Noi celebrations, there will be an increased demandfor rooms in the hospitality industry.
"The baseline for the optimistic future outlook projected in its reportis that the there has been an increase in the number of outbound anddomestic tourism. Due to the rapid economic growth, increasingdisposable income and large share of young population, the tourismindustry in Vietnam will show positive growth in the coming years.Increase in MICE tourism will also favor the country’s tourism marketover the forecast period (2010-2013)," the company said.
RNCOS affirmed: "Vietnam is one of the most popular touristdestinations in the Asia-Pacific region and its tourism industry hasbeen growing unprecedentedly over the past few years. In 2009, despitethe global recession, the travel and tourism industry is estimated tohave contributed 13.1 percent of the GDP to the Vietnamese economy.Being a source as well as destination market, the Vietnamese tourismindustry has grown nearly twice as fast as GDP in recent years."
The company attributed the above-said achievements to the Vietnamesegovernment’s support, describing it as key driving force for thisindustry. It added the government has been spending readily on thepromotional activities all around the world to boost the nation’stourism industry./.
