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Learn moreSep 2017
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Online travel sales to residents recorded strong growth in 2017, thanks to rising internet penetration and greater familiarisation with online payment options. Furthermore, players also focused on building better websites to draw more customers online. Other transport direct online sales to residents saw the fastest growth in 2017. In 2014, Vietnam Railway launched online ticket booking websites. Since then, the company has also revamped its products and services in order to change the perception that rail is an outdated and unreliable mode of transport. For example, in 2017, certain trains on the route Ho Chi Minh City-Nha Trang were redecorated and refitted with new furniture, so are better quality and cleaner than the old trains.
Online travel sales to residents is expected to see slower growth during the forecast period compared with the review period, as the market is slowly reaching maturity. However, the CAGR is still expected to be double-digit, as more and more customers move to online platforms for convenience reasons. As online financial payment methods become more widely used and players invest more in their online booking systems, the market is expected to maintain healthy growth over the next few years.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Vietnam with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Online Travel Sales to Country Residents industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.