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Learn moreOct 2020
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Like throughout the world, COVID-19 had a severe impact on Vietnam’s travel industry in 2020, especially during the lockdown period, when inbound and outbound passenger numbers plummeted. Business travel has been hit particularly hard, with many MICE events and conferences being cancelled in leading business centres and companies worldwide embracing home working and virtual meetings.
Vietnam proved to be one of the first Asian countries to successfully contain the spread of COVID-19, with it seeing very few cases in the early stages of the pandemic and social isolation guidelines being introduced during 1-22 April 2020. Over this period, grocery retailers remained open, while other stores were shut.
During the pandemic, the Ministry of Tourism has worked very closely with tourist companies, airlines, lodging operators and tourist sites on dealing with the impact of COVID-19 and developing suitable solutions. For example, luxury and upscale hotels can register to become quarantine stations where people undergoing quarantine can choose to pay to stay.
In 2020, online booking portals such as Booking.com and Expedia remain largely unchanged and available to consumers, although greater levels of flexibility in terms of booking modifications or cancellations were offered to consumers, often at the expense of operators.
The rapid and strict efforts to control the COVID-19 pandemic by the government have helped to increase the reputation of Vietnam throughout Asia. As a result, the country is predicted to be perceived as a more attractive and safe destination once the impact of the crisis subsides globally.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel 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 are in the Travel industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Vietnam for free:
The Travel in Vietnam market research report includes:
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Why buy this report?
This industry report originates from Passport, our Travel 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.