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The hotel market in Vietnam is forecasted to grow by USD 4.10 billion during 2023-2028, accelerating at a CAGR of 19.4% during the forecast period.
The market is driven by growing affordability and rising disposable income, growing investment in Vietnam's hotel market and growing number of foreign tourists. This study identifies the growing application of social media and internet penetration as one of the prime reasons driving Vietnam's hotel market growth during the next few years. Also, self-check-ins to minimize waiting time and digitalization will lead to sizable demand in the market.
The report on the hotel market in Vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as key vendor analysis. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The report on the hotel market in Vietnam covers the following areas:
- Hotel Market in Vietnam sizing
- Hotel Market in Vietnam forecast
- Hotel Market in Vietnam industry analysis
The hotel market in Vietnam is segmented as below:
By Application
- Tourist accommodation
- Official business
By Type
- Chain hotels
- Independent hotels
By Geographical Landscape
- APAC
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hotel market vendors in Vietnam that include Accor, Aman Group, Central Plaza Hotel Public Co. Ltd., Four Seasons Hotels, Furama Resort Danang, Hilton Worldwide Holdings, Hotel Nikko Saigon, Hyatt Hotels Corp., InterContinental Hotels Group, La Siesta Premium Hang Be, Marriott International, Melia Hotels International, Minor International Public Co. Ltd., Muong Thanh Hospitality, Oakwood, SALA DANANG BEACH HOTEL, Sofitel Legend Metropole Hanoi, TCC Assets (Thailand) Co. Ltd., Victoria Hotels and Resorts, and Vinpearl. Also, the report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
