Research and Markets: Travel and Tourism in Vietnam: Key Trends and Opportunities to 2016

DUBLIN — Research and Markets (http://www.researchandmarkets.com/research/pgvclg/travel_and) has announced the addition of the "Travel and Tourism in Vietnam: Key Trends and Opportunities to 2016" report to their offering.

Vietnam was ranked the fourteenth most attractive destination to develop a travel and tourism business across the Asia-Pacific region in 2011, according to the Travel and Tourism Competitive Index (TTCI). Travel and tourism in Vietnam contributed 4.2% to the national GDP in 2011 and accounted for 3% of the country's total employment in 2011. The total number of trips undertaken by residents increased at a CAGR of 9.05% during the review period. The main reasons for this growth include Vietnam's growing economy, hosting of international fairs and exhibitions, government initiatives to promote the country as an attractive tourist destination, and increasing level of leisure and business travel.

Key Highlights

- Travel and tourism in Vietnam contributed 4.2% to the national GDP in 2011 and accounted for 3% of the country's total employment in 2011.

- According to the WTO, Vietnam accounted for the fifth-largest number of inbound tourist arrivals among ASEAN countries in 2011. Vietnam also recorded the fourth-fastest tourism growth in the world in the same year.

- Vietnam is developing into a popular destination for cruise tourism and holds strong potential for the future growth.

- In 2011, National Geographic Traveler Magazine ranked Vietnam as one of the thirteen best tours of Asia and one of the fifty best tours of a lifetime.

Sourced: heraldonline