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Country Report

Travel in

Travel in Vietnam

Oct 2020

US$2,100

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Executive Summary

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COVID-19 impact on travel

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.

COVID-19 country impact

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.

Company response to COVID-19: Airlines and hotels

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.

Impact of COVID-19 on online bookings and travel intermediaries

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.

What next for travel?

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

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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.

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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:

Analysis of trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Forecasts
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Vietnam?
What are the major brands in Vietnam?

Why buy this report?

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

This industry report originates from Passport, our Travel market research database.

Each report is delivered with the following components:
Report: PDF
Market statistics: Excel workbook

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Travel in Vietnam

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

Chart 1 Inbound Receipts: 2020-2025
Chart 2 Average Spend per Trip for Inbound Arrivals: 2020-2025

MARKET DATA

Table 1 Annual Leave: Volume 2015-2020
Table 2 Travellers by Age: Number of People 2015-2020
Table 3 Seasonality: Number of People 2015-2020
Table 4 Leisure Outbound Demographics: Number of Trips 2015-2020
Table 5 Other Transport Sales: Value 2015-2020
Table 6 Other Transport Online Sales: Value 2015-2020
Table 7 Forecast Other Transport Sales: Value 2020-2025
Table 8 Forecast Other Transport Online Sales: Value 2020-2025
Table 9 Activities and Experiences: Value 2015-2020
Table 10 Forecast Activities and Experiences: Value 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

Tourism Flows in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Revenue hit by plummeting business travel and poor infrastructure

Operators shifting focus towards domestic tourists to survive

RECOVERY AND OPPORTUNITIES

Successful reaction to pandemic to aid future performance

Strong promotion and relaxed visa requirements to drive recovery

CATEGORY DATA

Table 11 Inbound Arrivals: Number of Trips 2015-2020
Table 12 Inbound Arrivals by Country: Number of Trips 2015-2020
Table 13 Inbound City Arrivals 2015-2020
Table 14 Inbound Receipts: Value 2015-2020
Table 15 Leisure Inbound Demographics: Number of Trips 2015-2020
Table 16 Forecast Inbound Arrivals: Number of Trips 2020-2025
Table 17 Forecast Inbound Arrivals by Country: Number of Trips 2020-2025
Table 18 Forecast Inbound Receipts: Value 2020-2025
Table 19 Domestic Trips by Destination: Number of Trips 2015-2020
Table 20 Domestic Business Trips by Travel Mode: Number of Trips 2015-2020
Table 21 Domestic Leisure Trips by Travel Mode: Number of Trips 2015-2020
Table 22 Domestic Expenditure: Value 2015-2020
Table 23 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2020-2025
Table 24 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2020-2025
Table 25 Forecast Domestic Expenditure: Value 2020-2025
Table 26 Outbound Departures: Number of Trips 2015-2020
Table 27 Outbound Departures by Destination: Number of Trips 2015-2020
Table 28 Outbound Expenditure: Value 2015-2020
Table 29 Forecast Outbound Departures: Number of Trips 2020-2025
Table 30 Forecast Outbound Departures by Destination: Number of Trips 2020-2025
Table 31 Forecast Outbound Expenditure: Value 2020-2025

Airlines in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Revenues plummet due to grounding of fleets in response to COVID-19

Stringent safety restrictions and poor infrastructure to limit recovery

RECOVERY

Airlines look to government and promotional campaigns to survive

Vacation and charter operators well-positioned to drive recovery

CATEGORY DATA

Table 32 Airlines Sales: Value 2015-2020
Table 33 Airlines Online Sales: Value 2015-2020
Table 34 Airlines: Passengers Carried 2015-2020
Table 35 Airlines NBO Company Shares: % Value 2016-2020
Table 36 Low Cost Carriers Airlines Brands by Key Performance Indicators 2020
Table 37 Scheduled Airlines Brands by Key Performance Indicators 2020
Table 38 Forecast Airlines Sales: Value 2020-2025
Table 39 Forecast Airlines Online Sales: Value 2020-2025

Car Rental (Destination) in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Demand hit by plummeting business arrivals in response to COVID-19

Smaller players looks to adapt business models to survive

RECOVERY AND OPPORTUNITIES

Players focus on providing additional value to customers

Operators turning towards new business models to survive

CATEGORY DATA

Table 40 Car Rental Sales: Value 2015-2020
Table 41 Car Rental Online Sales: Value 2015-2020
Table 42 Structure of Car Rental Market 2015-2020
Table 43 Forecast Car Rental Sales: Value 2020-2025
Table 44 Forecast Car Rental Online Sales: Value 2020-2025

Lodging in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Hotels look towards local tourists in response to plummeting arrivals

Growing focus on online operations in response to digitalisation trend

RECOVERY AND OPPORTUNITIES

Special discounts and bundles key to attracting price sensitive visitors

Local short term rental players look to adapt business models

CATEGORY DATA

Table 45 Lodging Sales: Value 2015-2020
Table 46 Lodging Online Sales: Value 2015-2020
Table 47 Hotels Sales: Value 2015-2020
Table 48 Hotels Online Sales: Value 2015-2020
Table 49 Other Lodging Sales: Value 2015-2020
Table 50 Other Lodging Online Sales: Value 2015-2020
Table 51 Lodging Outlets: Units 2015-2020
Table 52 Lodging: Number of Rooms 2015-2020
Table 53 Lodging by Incoming vs Domestic: % Value 2015-2020
Table 54 Hotels NBO Company Shares: % Value 2016-2020
Table 55 Hotel Brands by Key Performance Indicators 2020
Table 56 Forecast Lodging Sales: Value 2020-2025
Table 57 Forecast Lodging Online Sales: Value 2020-2025
Table 58 Forecast Hotels Sales: Value 2020-2025
Table 59 Forecast Hotels Online Sales: Value 2020-2025
Table 60 Forecast Other Lodging Sales: Value 2020-2025
Table 61 Forecast Other Lodging Online Sales: Value 2020-2025
Table 62 Forecast Lodging Outlets: Units 2020-2025

Online Travel Sales and Intermediaries in Vietnam

KEY DATA FINDINGS

2020 IMPACT

COVID-19 further drives shift towards online bookings and digitalisation

Cruise sector and Brexit represent further challenges to intermediaries

RECOVERY AND OPPORTUNITIES

Operators focus on discounts and online operations to attract visitors

Leading online brands set to gain share at expense of smaller rivals

CATEGORY DATA

Table 63 Travel Intermediaries Sales: Value 2015-2020
Table 64 Intermediaries Corporate Business Online Sales: Value 2015-2020
Table 65 Intermediaries Leisure Online Sales: Value 2015-2020
Table 66 Travel Intermediaries NBO Company Shares: % Value 2016-2020
Table 67 Online Travel Sales to Residents: Value 2015-2020
Table 68 Total Mobile Travel Sales to Residents: Value 2015-2020
Table 69 Forecast Travel Intermediaries Sales: Value 2020-2025
Table 70 Forecast Intermediaries Leisure Online Sales: Value 2020-2025
Table 71 Forecast Online Travel Sales to Residents: Value 2020-2025
Table 72 Forecast Total Mobile Travel Sales to Residents: Value 2020-2025

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Megatrends

Country Report

Travel in Vietnam

New Report Guarantee

Executive Summary

New Report Guarantee

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

Samples

Overview

Why buy this report?

Samples: FAQs about samples

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Table of Contents

Travel in Vietnam

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

MARKET DATA

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Tourism Flows in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Revenue hit by plummeting business travel and poor infrastructure

Operators shifting focus towards domestic tourists to survive

RECOVERY AND OPPORTUNITIES

Successful reaction to pandemic to aid future performance

Strong promotion and relaxed visa requirements to drive recovery

CATEGORY DATA

Airlines in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Revenues plummet due to grounding of fleets in response to COVID-19

Stringent safety restrictions and poor infrastructure to limit recovery

RECOVERY

Airlines look to government and promotional campaigns to survive

Vacation and charter operators well-positioned to drive recovery

CATEGORY DATA

Car Rental (Destination) in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Demand hit by plummeting business arrivals in response to COVID-19

Smaller players looks to adapt business models to survive

RECOVERY AND OPPORTUNITIES

Players focus on providing additional value to customers

Operators turning towards new business models to survive

CATEGORY DATA

Lodging in Vietnam

KEY DATA FINDINGS

2020 IMPACT

Hotels look towards local tourists in response to plummeting arrivals

Growing focus on online operations in response to digitalisation trend

RECOVERY AND OPPORTUNITIES

Special discounts and bundles key to attracting price sensitive visitors

Local short term rental players look to adapt business models

CATEGORY DATA

Online Travel Sales and Intermediaries in Vietnam

KEY DATA FINDINGS

2020 IMPACT

COVID-19 further drives shift towards online bookings and digitalisation

Cruise sector and Brexit represent further challenges to intermediaries

RECOVERY AND OPPORTUNITIES

Operators focus on discounts and online operations to attract visitors

Leading online brands set to gain share at expense of smaller rivals

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

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