VIETNAM ACCOMMODATION INDUSTRY

Over the last decade, tourism has become more and more affordable to people. In terms of regions, Europe is the largest tourist market, welcoming xxx.x million international arrivals by 2016, accounting for more than half of the market share (50.2%). The global market size for accommodation industry continues to grow during the period 2014 – 2016 with a CAGR of 9.84% and about xxx.xx billion in 2016.

In 2017, the accommodation industry grew by 2.5% and is forecast to grow by 3.7% in 2018. In 2017, the total investment in the world’s accommodation industry will be about $ xx.x billion, increased nearly 0.5% compared to 2016. In which the Asia-Pacific region has the strongest increase of $ x.x billion compared to 2016. In 2018, investment in accommodation industry is predicted to decline slightly and is expected to reach $ xx billion due to a lack of suitable assets along with stringent requirements that could cause the real estate market to fall from 5% to 10%. The number of hotel rooms and guest rooms in the world tends to grow continuously over the period 2014 to 2025f. At present, there are over 700,000 hotels and resorts scattering across the world.

In 2026, the growth rate of the tourism and travel industry will still be maintained well thanks to the positive outlook of the world economy. It is forecast to directly contribute about $ x, xxx billion to world GDP, generating 135.88 million direct jobs, the value of exports from international visitors is about $ x, xxx billion, capital investment in the industry is about x,xxx.x billion. The growth of tourism and travel industry will be the main driving force for the development of the world’s accommodation industry. Therefore, in the future, the accommodation industry is expected to have positive prospects.

Vietnam is one of the fastest growing travel destinations in Southeast Asia. Tourism industry revenue in the first 3 months was estimated at over VND xxx trillion. Revenue from tourism and travel in Q1/2018 was estimated at over VND xx trillion, up 30.3% over the same period last year. Ho Chi Minh City’s revenue increased the most with 32.3%. China had the highest number of visitors to Vietnam in the first three months of 2018 with 1.36 million visitors, accounted for 32.2% of total international visitors to Vietnam.

Revenue from accommodation industry in 2016 reached xx,xxx billion, up 12.17% compared to 2015, growth rate was slower than 2015. The development of tourism industry is one of incentives that encouraging number of accommodations to rise. By the end of 2017, the number of accommodation establishments nationwide reached xx.x thousand, up 21.9% over 2016. Average hotel room rates from 4 stars in 2016 increased slightly, lower than in 2015, reaching USD xx.x/room/night, up 1.26% over 2015. In the first three months of 2018, Hanoi and Ho Chi Minh City were two major markets remaining stable compared to the end of 2017 in terms of supplying, capacity as well as rental rates.

 

 

Abbreviation
Executive Summary
1. Business Environment
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Free Trade Agreements
2. The world tourism and travel industry and The world accommodation service industry
2.1 The world tourism and travel industry
2.1.1 The world tourism and travel industry scale
2.1.2 Situation of the world tourism and travel industry
2.2 The world accommodation service industry
2.2.1 The world accommodation service industry scale
2.2.2 Situation of the world accommodation service industry
2.2.3 Situation of the accommodation service industry in some regions in the world
2.2.4 Top enterprises in the world accommodation service industry
3. Vietnam accommodation service industry
3.1 Situation of the tourism and travel industry
3.2 Overview of the accommodation service industry
3.3 Supply
3.4 Operating capacity
3.5 Room hiring price
3.6 Typical enterprises
3.7 Typical accommodations
4. Risks and challenges
4.1 Risks
4.2 Challenges
4.3 SWOT Analysis
5. Planning and Outlook of development
5.1. Planning
5.2. Outlook of development
6 Enterprise analysis
6.1 Overview of the enterprises in the industry
6.2 Profitability
6.3 Liquidity
6.4 Solvency
6.5 Performance efficiency
6.6 Return on investment ratios
 Appendix

Vinametric Ltd.
Kien Giang Trade And Tourism Company Ltd. (Ktc)
Saigontourist Ltd.
Premier Village Resort Jsc
Bai Bac Resort Jsc
Marble Mountain Beach Resort Joint Stock Company (Mmbr)
Grand Plaza Hanoi Hotel Co., Ltd
Lotte Hotel Vietnam (Ltd.)
Indochina Beach Hotel Joint Stock Company
Hanoi Hotel

List of figures
Figure  1: GDP growth rate by quarter, 2015 – Q1/2018
Figure  2: GDP by current price and GDP per capita, 2013-2017
Figure  3: Structure of GDP by current price, Q1/2018e
Figure  4: Contributions to economy growth by sectors, 2016-2018
Figure  5: FDI Capital, 2014 – Q1/2018
Figure  6: FDI attraction by sector, Q1/2018
Figure  7: Workforce structure by sectors, 2017e
Figure  8: Number of labors in service industry in Vietnam, 2014 – 2017e
Figure  9: VND/USD exchange rate, 2013-3/2018
Figure  10: USD/CNY exchange rate, 2016 – 3/2018
Figure  11: World Tourism Market Revenue, 2010 – 2016
Figure  12: Labor structure of the world tourism and travel industry, 2016
Figure  13: Economic contribution of the Tourism and Travel industry
Figure  14: Contribution of tourism and travel industry to world’s GDP, 2010 – 2017
Figure  15: Contribution to globally economic growth by sectors, 2016
Figure  16: Top countries have the most important contribution to the global GDP, 2016, 2027e
Figure  17: Export value of the world tourism and travel industry, 2011 – 2017e
Figure  18: Investment into the tourism and travel industry, 2011 – 2017e 
Figure  19: Structure of the contribution to the world tourism and travel industry, 2017
Figure  20: The world visitor volume, 2013 – 2017e
Figure  21: Growth rate of visitors volume by region, 2017e
Figure  22: Structure of visitor volume by region, 2016
Figure  23: Structure of outbound travelling expenditure by country, 2016
Figure  24: Direct contribution of the tourism and travel industry to Chinese GDP, 2011 – 2017e
Figure  25: Number of international visitors to China, 2011 – 2017e
Figure  26: The scale of the world hospitality industry, 2014 – 2016
Figure  27: Average revenue from each room in global hotels, by region, 2008 – 2016
Figure  28: Growth rate of revenue from each room in global hotels, by region, 2017e
Figure  29: Overview of the world accommodation service industry in different regions, 2017
Figure  30: Growth of the world hospitality industry, 2010 – 2018e
Figure  31: Hotel occupancy rate by region over the world, 2015 – 2017
Figure  32: Investment capital in the world accommodation service industry by region, 2016 – 2018e
Figure  33: Number of rooms in hotels and accommodations over the world, 2014 – 2025f
Figure  34: Important markets of the accommodation service industry in Asia-Pacific
Figure  35: Average growth rate of revenue per room in the USA in 2017, compared with 2016
Figure  36: Typical enterprises in the world hospitality industry, 2016
Figure  37: Number of visitors to Vietnam, 2011-Q1/2018
Figure  38: Structure of visitors to Vietnam, 2018f
Figure  39: Top 10 countries that have visitors to Vietnam the most,  Q1/2018
Figure  40: Number of foreign visitors to Hanoi, 2014-2017
Figure  41: Number of foreign visitors to Da Nang, 2013-2017
Figure  42: Number of foreign visitors to Ho Chi Minh City (HCMC), 2013-2017
Figure  43: Accommodation purposes, 2015
Figure  44: Accommodation purposes, 2016
Figure  45: Structure of room booking channels, 2016
Figure  46: The Tourism market revenue, 2000-Q1/2018
Figure  47: Number of enterprises in accommodation service industry,  2010-2016
Figure  48: Structure of enterprises in accommodation service industry by region,  2016
Figure  49: Number of labors in the accommodation service industry,  2010-2016
Figure  50: Total investment capital of the accommodation service industry,  2010-2016
Figure  51: Total fixed assets of the accommodation service industry,  2010-2016
Figure  52: Revenue of the accommodation service industry, 2010-2016
Figure  53: Structure of revenue of the accommodation service industry, 2014-2016
Figure  54: Structure costs and profit to revenue, 2015-2016
Figure  55: Structure of unallocated activity-based expenses, 2015-2016
Figure  56: Structure costs and profit to revenue by segment, 2016
Figure  57: Profit of the accommodation service industry, 2010-2016
Figure  58: Average revenue and cost per employee, 2010-2016
Figure  59: Number of accommodations over the country, 2006-2017
Figure  60: Number of rooms over the country, 2006-2017
Figure  61: Number of accommodations of 3-star and above, 2013-2017
Figure  62: Supply of accommodations of 3-star and above, 2013-2017
Figure  63: Number of hotels in some key tourism destinations, 2017
Figure  64: Number of hotels in Hanoi, Q1/2016 – Q1/2018
Figure  65: Number of hotels in HCMC, Q1/2015 – Q1/2018
Figure  66: Supply of hotels in Da Nang, 2017
Figure  67: Supply of condotels in Da Nang, 2017
Figure  68: Supply of resort vilas, 2017
Figure  69: Supply of 4-star-and-above hotels in some important destinations, 2017
Figure  70: Supply of resort villas in some important destinations, 2017
Figure  71: Supply of condotels in some important destinations, 2017
Figure  72: Average room capacity over the country, 2006-2016
Figure  73: Operating capacity of 4-star and 5-star segments, 2014-2016
Figure  74: Operating capacity in Hanoi market, Q1/2015-Q1/2018
Figure  75: Operating capacity in Hanoi by segment, Q1/2018
Figure  76: Operating capacity of some large hotels in Hanoi, 2017
Figure  77: Operating capacity in HCMC, Q1/2015-Q1/2018
Figure  78: Operating capacity in HCMC by segment, Q1/2018
Figure  79: Operating capacity of hotels in some important destinations, 2017
Figure  80: Average room hiring price by segment, 2015-2016
Figure  81: Average room hiring price in Hanoi, Q1/2015-Q1/2018
Figure  82: Average room hiring price by segment, Q1/2018
Figure  83: Average room hiring price in HCMC, Q1/2015-Q1/2018
Figure  84: Average room hiring price by segment, Q1/2018
Figure  85: 10 countries that have the highest competitive ability indicators of tourism and travel, 2017
Figure  86: Competitive ability indicators of tourism and travel in Southeast Asia, 2017
Figure  87: Forecast of the world tourism and travel industry growth, 2017e, 2026f
Figure  88: Forecast of value of the world tourism and travel industry, 2026f
Figure  89: Disposal income and expenditure of household, 2008 – 2017f
Figure  90: Structure of population by class (expenditure), 2013 – 2020f
Figure  91: Debit balance of Real Estate Debt, 2012-2017
Figure  92: Structure of Debit balance of Real Estate Debt, 2017
Figure  93: Revenue of the accommodation service industry, 2016-2020f
Figure  94: Net revenue growth, 2015-2016
Figure  95: Gross profit growth, 2015-2016
Figure  96: Liquidity Ratios, 2016
Figure  97: Receivable turnover, 2016
Figure  98: Solvency, 2016
Figure  99: Asset Turnover Ratio, 2016
Figure  100: Fixed Asset Turnover ratio, 2016
Figure  101: Enterprise management expense / Net revenue, 2015-2016
Figure  102: Interest Expense / Net revenue, 2015-2016
Figure  103: Return on investment ratios, 2016
List of tables
Table  1: Some indicators of China tourism and travel industry, 2017e
Table  2: Important markets of the accommodation service industry in Asia-Pacific
Table  3: 10 leading international travel enterprises in Vietnam, 2017
Table  4: 10 leading domestic travel enterprises in Vietnam, 2017
Table  5: 10 leading restaurants for tourists in Vietnam, 2017
Table  6: 10 leading 5-star hotels in Vietnam, 2017
Table  7: 10 leading 4-star hotels in Vietnam, 2017
Table  8: 10 leading 3-star hotels in Vietnam, 2017