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Follow on Google News | Vietnam Tourism Report Q1 2011: New research report available at Fast Market ResearchRecently published research from Business Monitor International, "Vietnam Tourism Report Q1 2011", is now available at Fast Market Research
Vietnam's performance is highly impressive, especially in comparison to other regional destinations such as Thailand and India. Although these are recovering, Vietnam's rate of tourism growth is far stronger, making it the best performing country in the region. Interestingly, arrivals by road showed the greatest level of growth in the first 10 months of 2010, growing by 46.9% y-o-y, compared to air arrivals (38.9%) and sea, which actually declined. This suggests that Vietnam is benefiting from a growing level of regional tourism, as well as inclusion on multi-country tours. As such, BMI remains highly confident about Vietnam's prospects in 2011, with arrivals set to maintain strong growth, if moderating slightly from the 2010 rebound figures. Vietnam To Host 2016 Asia Beach Games Vietnam has won the bidding to host the fifth Asia Beach Games in 2016. The games will be held in Nha Trang, the capital of Khanh Hoa province in south-central Vietnam. This event is held every two years and overseen by the Olympic Council of Asia. Holding the games is an opportunity for the host country to publicise itself to a wider audience. This is particularly the case for Nha Trang, which has a number of Vietnam's finest beaches. The province will likely invest in infrastructure and tourism development in the run-up to 2016, enhancing its long-term tourism potential. Hotel Demand Shifts During Recovery A survey by chartered accountants Grant Thornton confirmed that the hotel industry suffered during the 2009 downturn, with average high-end room rates falling by 31.9% y-o-y, although three-star hotels experienced a 2% increase as more visitors moved towards the cheaper end of the market. However, the startling rebound in tourism arrivals in 2010 has led to the hotel industry recovering sharply, with occupancy rates rising by approximately 20% in the first three quarters of last year. This does not appear to have been met with a rise in room rates as yet, as many hotels are keeping rates low in order to encourage competitiveness. However, if tourist arrivals continue to rise, pressure on room availability will lead to a slow recovery in prices. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Vietnam Tourism SWOT - Vietnam Political SWOT - Vietnam Economic SWOT - Vietnam Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Arrivals Data, 2007-2014 ('000) - Expenditure - Table: Tourist Expenditure And Economic Impact, 2007-2014 - Inbound Tourism - Table: Tourists Arrivals By Region, 2007-2014 - Table: Tourist Arrivals By Country, 2007-2014 ('000) - Outbound Tourism - Table: Resident Departures By Destination Region, 2007-2014 - Table: Resident Departures By Country, 2007-2014 ('000) Market Overview - Travel - Commercial Airlines - Low-Cost Airlines - Global Oil Products Price Outlook - Table: Oil Products Price Assumptions, 2010 (US$/bbl) - Table: Oil Product Price Forecasts, 2008-2015 (US$/bbl) Market Overview - Hospitality - Accommodation - Regional Case Study: InterContinental Hotels Group (Asia Pacific) - Gaming - Infrastructure - Cruises H1N1 And H5N1 Update Business Environment Outlook - Table: Asia Travel And Tourism Business Environment Ratings - BMI's Security Ratings - Table: Asia Pacific Regional Security Ratings - Table: Asia Pacific State Vulnerability To Terrorism Index - Vietnam's Security Risk Ratings - City Terrorism Ratings - Table: BMI's Asia City Terrorism Index - South East Asia Security Overview Global Assumptions - Table: Global Assumptions, 2009-2014 - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: BMI And Consensus Forecasts, 2010-2011 (%) - Table: Developed States Real GDP Growth Forecasts, 2009-2012 (%) - Table: Emerging Markets Aggregate Growth, 2009-2012 (%) Company Profiles - Vietnam Airlines - Huong Giang Tourist Company - Saigontourist BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Tourism Ratings - Methodology - Table: Tourism Business Environment Indicators - Table: Weighting Of Components - City Terrorism Ratings - Table: City Terrorism Rating Methodology - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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