Overview of Vietnam Tourism Report Q4 2017 – Includes 5-year forecasts to 2021
1. BMI View
3. Industry Forecast
4.Industry Risk/Reward Index
5. Market Overview
6. Competitive Landscape
■ Tax breaks are increasingly offered to foreign developers, encouraging investment in the hotel sector and tour operations.
■ Growth in arrivals from Middle Eastern countries such as Iran could prove lucrative.
■ There are extensive real estate opportunities for hotel development, particularly along southern coastlines and in rural areas inland.
■ Robust tourism based construction efforts support economic activity in the country.
■ Robust growth from current and new source markets is anticipated out to 2021 in terms of in-bound arrivals.
■ Other countries in the region, such as Thailand, are more established tourist destinations for Westerners, with better flight connections.
■ Recoveries in other regional tourism markets could encourage a shift away from Vietnam.
■ Any downturn in the global economy could depress inbound arrivals.
■ Vietnam is vulnerable to extreme weather, such as tropical storms, which impact the tourism sector.
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