Vietnam Tourism on Track to Beat 2019 Revenue Numbers
Skift Take
- Vietnam’s tourism sector is forecast to record US$11.1 billion in revenue in 2024, which would exceed the 2019 tourism revenue number of US$10.8 billion.
- Hotelivate said Tier-III cities with resort locations in India have seen the strongest recovery amid a rebound in leisure tourism.
- Accor is expanding its presence in the Philippines with the signing of two new properties in Clark City.
The Business Times of Singapore commented on the Fitch Solutions report saying Vietnam’s tourism sector is forecast to record US$11.1 billion in revenue in 2024, which would exceed the 2019 tourism revenue number of US$10.8 billion. They expect strong growth to continue with US$13.2 billion generated by tourism in 2026 with more than 22 million arrivals in the country. As we have been saying for the past two years, forecasting is not exactly a science these days. It is much more concise today than a year ago but with China still with a Zero-Covid policy, any positive forecast suggests the flood gates with open with Chinese visitors able to travel again and nobody knows when that will come to pass. While it is easy to say it definitely will change by 2024, for the past two years we have been hearing about pent up demand coming to Macau, Singapore, Thailand, Vietnam and South Korea from Chinese travelers and look where we are.
Hotelivate said
