NEW YORK, Aug. 17, 2022 /PRNewswire/ — The Hotel Market in Vietnam is expected to grow by USD 2.12 billion during 2021-2026, progressing at a CAGR of 14.43% during the forecast period. The hotel market segmentation in Vietnam by type (chain hotels and independent hotels) and application (tourist accommodation and official business).
The hotel market report of Vietnam also offers information on several market vendors, including Accor SA, Central Plaza Hotel Public Co. Ltd., Hyatt Hotels Corp., InterContinental Hotels Group, La Siesta Premium Hang Be, Marriott International Inc., Minor International PCL, Muong Thanh Hospitality, SALA DANANG BEACH HOTEL, and Vinpearl among others.
Read the 120-page report with TOC on “Hotel Market in Vietnam Analysis Report by Type and Application and the Segment Forecasts. Request Sample Report.
Major Five Hotel in Vietnam Companies:
- Accor SA: The company offers a wide range of hotel brands such as Luxury, Premium, Midscale, Economy, and many more.
- Central Plaza Hotel Public Co. Ltd.: The company offers quick service restaurant businesses such as Cold Stone, KFC, and many more.
- Hyatt Hotels Corp.: The company offers sophisticated design, handcrafted details, and modern-day comforts at Park Hyatt Saigon.
- InterContinental Hotels Group: The company offers a diverse portfolio of differentiated brands that are available for both guests and owners.
- La Siesta Premium Hang Be: The company offers a wide range of hotels such as La Siesta Premium Hang Be, La Siesta Classic Ma May, and many more.
Chain hotels in Vietnam will significantly increase their market share. The expansion of this market will be fueled by the travel and tourism sector’s steady expansion as well as significant investments in 5- and 4-star hotels as leisure travel to Vietnam rises in popularity. Buy Sample Report.
The worldwide hotel market in Vietnam is expanding as a result of factors like increased affordability and disposable income. The growth is attributable to Vietnam’s consistent economic growth and the substantial increase in per capita disposable income. Additionally, a person’s ability to spend money will increase when the degree of income inequality between classes gradually declines. Download a free sample report
During the projection period, market expansion in Vietnam will be further fueled by the increased purchasing power of end users and their fast-expanding population. However, some of the major obstacles to the expansion of the global hotel sector in Vietnam are climate change and unforeseen weather occurrences.
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Hotel Market Scope in Vietnam |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.43% |
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Market growth 2022-2026 |
$ 2.12 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
13.44 |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Accor SA, Central Plaza Hotel Public Co. Ltd., Hyatt Hotels Corp., InterContinental Hotels Group, La Siesta Premium Hang Be, Marriott International Inc., Minor International PCL, Muong Thanh Hospitality, SALA DANANG BEACH HOTEL, and Vinpearl |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market Definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 – 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Tourist accommodation – Market size and forecast 2021-2026
- Official business – Market size and forecast 2021-2026
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Chain hotels – Market size and forecast 2021-2026
- Independent hotels – Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accor SA
- Central Plaza Hotel Public Co. Ltd.
- Hyatt Hotels Corp.
- InterContinental Hotels Group
- La Siesta Premium Hang Be
- Marriott International Inc.
- Minor International PCL
- Muong Thanh Hospitality
- SALA DANANG BEACH HOTEL
- Vinpearl
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research Methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
