Hotel Market in Vietnam 2022-2026

Hotel Market in Vietnam 2022-2026

Technavio has been monitoring the hotel market in Vietnam and it is poised to grow by $ 2.12 bn during 2022-2026, progressing at a CAGR of 14.43% during the forecast period. Our report on the hotel market in Vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing affordability and rising disposable income and growing investment in the hotel industry in Vietnam. In addition, growing affordability and rising disposable income is anticipated to boost the growth of the market as well.

The hotel market in Vietnam analysis includes the type and application segments.

Technavio's hotel market in Vietnam is segmented as below:

By Type

• Chain hotels
• Independent hotels

By Application

• Tourist accommodation
• Official business

This study identifies the growing number of foreign touristsas one of the prime reasons driving the hotel market growth in Vietnam during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hotel market in Vietnam covers the following areas:

• Hotel market sizing
• Hotel market forecast
• Hotel market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hotel market vendors in Vietnam that include 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. Also, the hotel market in Vietnam analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.