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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
To unlock information about vendor drive costs and customer service, Request a sample report.
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 Vietnamincluding 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, …
Full story available on Benzinga.com
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