Vietnam ranked fifth among the ASEAN countries in terms of inbound tourist arrivals and tourism revenue in 2011. Tourism is one of the fastest-growing business areas in the country's economy. Vietnam, as both a source and destination for tourism, registered strong growth in its travel and tourism businesses during the review period, which recorded almost twice the growth rate of the country's GDP. Inbound tourist arrivals reached XX million in 2011, after registering a CAGR of XX% during the review period. The volume of inbound tourists to Vietnam in 2011 was supported by the social disturbances in North Africa and floods in Thailand, as these events forced many foreign tourists to travel to alternative tourism destinations such as Vietnam. The five largest countries in terms of sourcing inbound tourists to Vietnam in 2011 were China, South Korea, Japan, USA and Taiwan, which collectively accounted for more than XX% of the country's total inbound arrivals. Around XX million inbound tourists or XX% of the total inbound tourists visited the country for leisure purposes such as holidays or visiting friends and relatives, while about XX million or XX% of inbound tourists visited for business purposes. Ho Chi Minh City, Can Tho City, Binh Thuan province and the north-western province of Quang Ninh were the most popular travel destinations for inbound tourists in 2011. The key growth drivers for inbound tourism were the country's strong economic growth, improving consumer confidence and increasing number of business activities with rest of the world due to the recovering global economy

Report Scope

This report provides an extensive analysis of the tourism market in Vietnam:
• It details historical values for the tourism industry in Vietnam for 2007–2011, along with forecast figures for 2012–2016
• It provides analysis of the overall tourism market, as well as individual category values for both the 2007–2011 review period and the 2012–2016 forecast period
• The report makes a detailed analysis and projection of tourist spending patterns in Vietnam

Click for Report details:Vietnamese Tourism Industry Outlook to 2016: Market Profile