VIETNAM MACROECONOMICS
& HOSPITALITY MARKET
One of the fastest growing economies in APAC, with a robust middle-class populations, young workforce, increasing domestic consumption power and a strong manufacturing sector.
Vietnam government continues to implement policies to attract FDI and achieve stability ie. European Union-Vietnam Free Trade Agreement (EVFTA) and United Kingdom-Vietnam Free Trade Agreement
Vietnam’s Travel and Tourism Development Index (TTDI) ranked improved 8 places compared to 2019 being the top 3 highest growth countries in the world. The Vietnam hospitality sector has seen significant growth over the last years with total visitation CAGR registering 17.3% during 2014-2019.
Constantly improving infrastructure and accessibility—new airports, low-cost carriers, new highways.
Unique culture and diverse tourism attractions, including gift of natural beaches along coastline as well as UNESCO World Heritage Sites.
Cam Ranh Bay &
Nha Trang Bay
The world's most beautiful bays
The latter is recognized as
one of the 29 most beautiful bays
in the world by UNESCO
49.1% visitation from
International sources 2019
Displaying a
balanced demand mix
Average length
of stay 3.9 days
for international visitors in 2019
from 2.4 days in 2009
KHANH HOA PROVINCE MARKET
ADR: VND 2.47million
Occupancy: 62%
Select hotels in Nha Trang &
Cam Ranh 2019
Fourth Busiest Airport
in Vietnam in 2019
Cam Ranh International
Airport (CXR)
Total annual capacity of
4 million passengers
New terminal in CXR
opened in 2018
Phase two of the airport expansion
will increase the capacity by
another four million by 2030
3.5 Million
INTERNATIONAL
visitor arrivals
in 2019
28.9% CAGR
during 2009-2019
3.7 Million
DOMESTIC
visitor arrivals
in 2019
10.9% CAGR
during 2009-2019