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Hotel Market in Vietnam 2024-2028

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    Report

  • 128 Pages
  • November 2024
  • Region: Vietnam
  • TechNavio
  • ID: 5534237
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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 report on the hotel market in vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing affordability and rising disposable income, growing investment in hotel market in vietnam, and growing number of foreign tourists.

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
This study identifies the growing application of social media and internet penetration as one of the prime reasons driving the hotel market in vietnam growth during the next few years. Also, self-check-ins to minimize waiting time and digitalization in hotel market in vietnam will lead to sizable demand in the market.

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
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 in vietnam vendors that include Accor S.A., Aman Group S.a.r.l., Central Plaza Hotel Public Co. Ltd., Four Seasons Hotels Ltd., Furama Resort Danang, Hilton Worldwide Holdings Inc., Hotel Nikko Saigon, Hyatt Hotels Corp., InterContinental Hotels Group Plc, La Siesta Premium Hang Be, Marriott International Inc., Melia Hotels International S.A., 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 hotel market in vietnam analysis 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.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Vietnam - Market size and forecast 2023-2028 ($ million)
Data Table on Vietnam - Market size and forecast 2023-2028 ($ million)
Chart on Vietnam: Year-over-year growth 2023-2028 (%)
Data Table on Vietnam: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Hotel Market in Vietnam 2018 - 2022
Historic Market Size - Data Table on Hotel Market in Vietnam 2018 - 2022 ($ million)
5.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
5.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Hotel Market in Vietnam
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Tourist accommodation - Market size and forecast 2023-2028
Chart on Tourist accommodation - Market size and forecast 2023-2028 ($ million)
Data Table on Tourist accommodation - Market size and forecast 2023-2028 ($ million)
Chart on Tourist accommodation - Year-over-year growth 2023-2028 (%)
Data Table on Tourist accommodation - Year-over-year growth 2023-2028 (%)
8.4 Official business - Market size and forecast 2023-2028
Chart on Official business - Market size and forecast 2023-2028 ($ million)
Data Table on Official business - Market size and forecast 2023-2028 ($ million)
Chart on Official business - Year-over-year growth 2023-2028 (%)
Data Table on Official business - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Chain hotels - Market size and forecast 2023-2028
Chart on Chain hotels - Market size and forecast 2023-2028 ($ million)
Data Table on Chain hotels - Market size and forecast 2023-2028 ($ million)
Chart on Chain hotels - Year-over-year growth 2023-2028 (%)
Data Table on Chain hotels - Year-over-year growth 2023-2028 (%)
9.4 Independent hotels - Market size and forecast 2023-2028
Chart on Independent hotels - Market size and forecast 2023-2028 ($ million)
Data Table on Independent hotels - Market size and forecast 2023-2028 ($ million)
Chart on Independent hotels - Year-over-year growth 2023-2028 (%)
Data Table on Independent hotels - Year-over-year growth 2023-2028 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Accor S.A.
Accor S.A. - Overview
Accor S.A. - Business segments
Accor S.A. - Key news
Accor S.A. - Key offerings
Accor S.A. - Segment focus
SWOT
13.5 Central Plaza Hotel Public Co. Ltd.
Central Plaza Hotel Public Co. Ltd. - Overview
Central Plaza Hotel Public Co. Ltd. - Product / Service
Central Plaza Hotel Public Co. Ltd. - Key offerings
SWOT
13.6 Hyatt Hotels Corp.
Hyatt Hotels Corp. - Overview
Hyatt Hotels Corp. - Business segments
Hyatt Hotels Corp. - Key offerings
Hyatt Hotels Corp. - Segment focus
SWOT
13.7 InterContinental Hotels Group Plc
InterContinental Hotels Group Plc - Overview
InterContinental Hotels Group Plc - Product / Service
InterContinental Hotels Group Plc - Key offerings
SWOT
13.8 La Siesta Premium Hang Be
La Siesta Premium Hang Be - Overview
La Siesta Premium Hang Be - Product / Service
La Siesta Premium Hang Be - Key offerings
SWOT
13.9 Marriott International Inc.
Marriott International Inc. - Overview
Marriott International Inc. - Business segments
Marriott International Inc. - Key news
Marriott International Inc. - Key offerings
Marriott International Inc. - Segment focus
SWOT
13.10 Minor International Public Co. Ltd.
Minor International Public Co. Ltd. - Overview
Minor International Public Co. Ltd. - Product / Service
Minor International Public Co. Ltd. - Key offerings
SWOT
13.11 Muong Thanh Hospitality
Muong Thanh Hospitality - Overview
Muong Thanh Hospitality - Product / Service
Muong Thanh Hospitality - Key offerings
SWOT
13.12 SALA DANANG BEACH HOTEL
SALA DANANG BEACH HOTEL - Overview
SALA DANANG BEACH HOTEL - Product / Service
SALA DANANG BEACH HOTEL - Key offerings
SWOT
13.13 Vinpearl
Vinpearl - Overview
Vinpearl - Product / Service
Vinpearl - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2023 and 2028
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value Chain Analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on Vietnam - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Data Table on Vietnam - Market size and forecast 2023-2028 ($ million)
Exhibits 19: Chart on Vietnam: Year-over-year growth 2023-2028 (%)
Exhibits 20: Data Table on Vietnam: Year-over-year growth 2023-2028 (%)
Exhibits 21: Historic Market Size - Data Table on Hotel Market in Vietnam 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2023 and 2028
Exhibits 25: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 30: Chart on Market condition - Five forces 2023 and 2028
Exhibits 31: Chart on Application - Market share 2023-2028 (%)
Exhibits 32: Data Table on Application - Market share 2023-2028 (%)
Exhibits 33: Chart on Comparison by Application
Exhibits 34: Data Table on Comparison by Application
Exhibits 35: Chart on Tourist accommodation - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Tourist accommodation - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Tourist accommodation - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Tourist accommodation - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Official business - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Official business - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Official business - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Official business - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Application ($ million)
Exhibits 44: Data Table on Market opportunity by Application ($ million)
Exhibits 45: Chart on Type - Market share 2023-2028 (%)
Exhibits 46: Data Table on Type - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Type
Exhibits 48: Data Table on Comparison by Type
Exhibits 49: Chart on Chain hotels - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Chain hotels - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Chain hotels - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Chain hotels - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Independent hotels - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Independent hotels - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Independent hotels - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Independent hotels - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Type ($ million)
Exhibits 58: Data Table on Market opportunity by Type ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Company ranking index
Exhibits 66: Matrix on companies position and classification
Exhibits 67: Accor S.A. - Overview
Exhibits 68: Accor S.A. - Business segments
Exhibits 69: Accor S.A. - Key news
Exhibits 70: Accor S.A. - Key offerings
Exhibits 71: Accor S.A. - Segment focus
Exhibits 72: SWOT
Exhibits 73: Central Plaza Hotel Public Co. Ltd. - Overview
Exhibits 74: Central Plaza Hotel Public Co. Ltd. - Product / Service
Exhibits 75: Central Plaza Hotel Public Co. Ltd. - Key offerings
Exhibits 76: SWOT
Exhibits 77: Hyatt Hotels Corp. - Overview
Exhibits 78: Hyatt Hotels Corp. - Business segments
Exhibits 79: Hyatt Hotels Corp. - Key offerings
Exhibits 80: Hyatt Hotels Corp. - Segment focus
Exhibits 81: SWOT
Exhibits 82: InterContinental Hotels Group Plc - Overview
Exhibits 83: InterContinental Hotels Group Plc - Product / Service
Exhibits 84: InterContinental Hotels Group Plc - Key offerings
Exhibits 85: SWOT
Exhibits 86: La Siesta Premium Hang Be - Overview
Exhibits 87: La Siesta Premium Hang Be - Product / Service
Exhibits 88: La Siesta Premium Hang Be - Key offerings
Exhibits 89: SWOT
Exhibits 90: Marriott International Inc. - Overview
Exhibits 91: Marriott International Inc. - Business segments
Exhibits 92: Marriott International Inc. - Key news
Exhibits 93: Marriott International Inc. - Key offerings
Exhibits 94: Marriott International Inc. - Segment focus
Exhibits 95: SWOT
Exhibits 96: Minor International Public Co. Ltd. - Overview
Exhibits 97: Minor International Public Co. Ltd. - Product / Service
Exhibits 98: Minor International Public Co. Ltd. - Key offerings
Exhibits 99: SWOT
Exhibits 100: Muong Thanh Hospitality - Overview
Exhibits 101: Muong Thanh Hospitality - Product / Service
Exhibits 102: Muong Thanh Hospitality - Key offerings
Exhibits 103: SWOT
Exhibits 104: SALA DANANG BEACH HOTEL - Overview
Exhibits 105: SALA DANANG BEACH HOTEL - Product / Service
Exhibits 106: SALA DANANG BEACH HOTEL - Key offerings
Exhibits 107: SWOT
Exhibits 108: Vinpearl - Overview
Exhibits 109: Vinpearl - Product / Service
Exhibits 110: Vinpearl - Key offerings
Exhibits 111: SWOT
Exhibits 112: Inclusions checklist
Exhibits 113: Exclusions checklist
Exhibits 114: Currency conversion rates for US$
Exhibits 115: Research methodology
Exhibits 116: Information sources
Exhibits 117: Data validation
Exhibits 118: Validation techniques employed for market sizing
Exhibits 119: Data synthesis
Exhibits 120: 360 degree market analysis
Exhibits 121: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the hotel market in vietnam: Accor S.A., Aman Group S.a.r.l., Central Plaza Hotel Public Co. Ltd., Four Seasons Hotels Ltd., Furama Resort Danang, Hilton Worldwide Holdings Inc., Hotel Nikko Saigon, Hyatt Hotels Corp., InterContinental Hotels Group Plc, La Siesta Premium Hang Be, Marriott International Inc., Melia Hotels International S.A., 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.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing application of social media and internet penetration."

According to the report, one of the major drivers for this market is the growing affordability and rising disposable income.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accor S.A.
  • Aman Group S.a.r.l.
  • Central Plaza Hotel Public Co. Ltd.
  • Four Seasons Hotels Ltd.
  • Furama Resort Danang
  • Hilton Worldwide Holdings Inc.
  • Hotel Nikko Saigon
  • Hyatt Hotels Corp.
  • InterContinental Hotels Group Plc
  • La Siesta Premium Hang Be
  • Marriott International Inc.
  • Melia Hotels International S.A.
  • 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
  • Vinpearl