Tourism events are becoming a crucial part of the strategies many destinations use to increase visitor numbers, extend the duration of stays, and diversify their tourism offerings. In Vietnam, provinces and cities are investing significantly in cultural festivals, music concerts, sports competitions, and other events to attract travelers. However, despite the growing scale and frequency…
In the first 5 months of 2023, Vietnam welcomed nearly 4.6 million international visitors, an increase of 19 times over the same period last year. In May 2023 alone, it is estimated that Vietnam welcomed around 916,300 international visitors, down 6.9% from the previous month. However, it is still 6.7 times higher than the same…
The COVID-19 pandemic left serious impacts on the tourism and hospitality industry. Recently, many hotels in Ho Chi Minh City have been closed and put up for sale due to a drop in international arrivals and lower-than-expected sales. Many hotel owners need to borrow from banks to do business or rent retail space. Many large…
International tourism in Vietnam in the first quarter of 2023 showed signs of improvement. The number of foreign tourists to Vietnam in Q1 reached approximately 2.7 million arrivals, equal to nearly 80% of 2022 (3.4 million arrivals) thanks to the common recovery of the international tourism market, and China’s return. There is a change in…
While the Chinese market has not yet fully returned, South Korea becomes the largest market of Vietnam tourism in the first three months of 2023 with 810,938 arrivals, accounting for 30% of total inbound tourists. Before the pandemic, Korea was one of the top outbound tourism markets with the highest expenditures in the world. In…
Tourism and travel are one of the major economic development engines of many countries around the world. Vietnam has also been determined to turn tourism into a spearhead industry in recent years. However, the pandemic and socio-economic changes have made the tourism industry increasingly complex and unpredictable. Therefore, many businesses are utilizing market research to…
The first quarter of 2023 is coming to an end. Up till now, the good signs of the inbound tourist market are not really clear. Thus, the domestic market will continue to play a key role in Vietnam tourism this year. The inbound tourist market still gloomy Chinese tourists not yet come back a lot…
Chinese tourists account for the majority of the international tourism market in Asian countries. However, it was not until January 2023 that China opened up to tourism. One month later, it announced plans to open tours to just 20 countries. As of March 15, China will resume pilot group tours to 40 other countries, including…
The Indian market is currently one of the major potential inbound markets for Vietnam. The country is increasingly popular with Indian tourists for many reasons. Half a million Indian tourists expected to visit Vietnam in 2023 Madan Mohan Sethi, Consul General of India in Ho Chi Minh City, said that in 2022, India ranked 9th…
Travel market research company The Outbox Company unveils “Korean – Japanese – Taiwanese outbound travel behavior” Outbox Capture. It provides data and information on behaviors and psychology of Korean, Japanese and Taiwanese outbound tourists in the coming time. Introduction South Korea, Japan and Taiwan are three of the markets with a large and continuously increasing…