NEW YORK, July 11, 2022 /PRNewswire/ — The Hotel Market in Vietnam is segmented into two categories based on the type (chain hotels and independent hotels) and application (tourist accommodation and official business). The market share is expected to increase by USD 2.12 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 14.43%
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Parent Market Analysis
Technavio categorizes the global Hotel Market in Vietnam market as a part of the global restaurant market within the global consumer discretionary market. External factors influencing the parent market’s growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the Hotel Market in Vietnam throughout the forecast period, Download Sample Report.
Hotel Market in Vietnam Value Chain Analysis
The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the Hotel Market in Vietnam includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
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Vendor Insights
The Hotel Market in Vietnam is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment’s growth prospect while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of vendors operating in the Hotel Market in Vietnam, including some of the vendors such as 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
Product Insights and News
- 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 a wide range of hotels such as Centara Mirage Resort Mui Ne.
- Hyatt Hotels Corp. – The company offers sophisticated design, handcrafted details, and modern-day comforts at Park Hyatt Saigon.
The Hotel Market in Vietnam forecast report offers in-depth insights into key vendor profiles and offerings – Click here for Sample Report
Key Market Dynamics
The growing affordability and rising disposable income are notably driving the hotel market growth in Vietnam. The growth is attributable to Vietnam’s consistent economic growth and the substantial increase in per capita disposable income. 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 |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 14.43% |
|
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 |
|
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 |
|
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, 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
- 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 Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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