Vietnam’s Food and Accommodation Service Report

Vietnam’s Food and Accommodation Service Report

Wednesday / 19.09

Total number pages: 65 pages

File format: PDF

Category: Food and Accommodation Services Report

Preview

Vietnam is emerging rapidly as a tourist destination in Southeast Asia. With beautiful landscape and good food, Vietnam offers tourists a lot of joy. The hospitality industry, which is known as the smoke-free industry, is playing an important role in national economic development, so the government has offered a lot of incentives and policies to encourage and attract investment.

Highlights of Vietnam’s Food and Accommodation Services:


- Revenue from food and accommodation services is estimated at VND494 trillion in 2017, an increase of 19% over 2016.

- Revenue from tourism is estimated at VND35.9 trillion, up 10.4% over the previous year.

- The increase of revenue from accommodation and food services is resulted from the increase of international and domestic visitors, and food service in Central provinces is longer affected by marine environmental incidents from 2016.

- In 2017, Vietnam welcomed more than 10 million international visitors, an increase of 26% over 2016 and the number of domestic visitors increased by over 62 million.

- As of the end of 2016, Vietnam had about 540,000 food service outlets including 430,000 small shops, more than 7,000 fast food outlets, 22,000 coffee shops, bars and more than 80,000 restaurants.

- Nha Trang, Phan Thiet and Da Nang have become Vietnam’s tourist hot spots, however, Ho Chi Minh City and Hanoi are still the most visited cities.

- According to the Vietnam National Administration of Tourism, Vietnam will welcome 15-16 million international visitors in 2018, serve 75-80 million domestic visitors, making the total revenue from tourism increase to VND620 trillion.

- The tourism industry is expected to create 3.5 million jobs, generating a total revenue of $ 35 billion, accounting for 10 percent of Vietnam's GDP by 2020.


Vietnam’s Food and Accommodation Service Report by VietnamCredit is projected to provide a comprehensive view of the smoke-free industry. This report could be a great supporter for travel companies, investors and even tourists.
I/ Global food and accommodation service

II/ Vietnam's food and accommodation service


1. Traveling service
2. Lodging service
3. Food service

III/ External environment factors analysis

1. Economic factors
2. Political factors
3. Socio-cultural factors

IV/ Industry outlook

V/ Top companies within the industry


 
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