Vietnam hotel market, evolving opportunities with Accor SA and Central Plaza Hotel Public Co. Ltd.

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NEW YORK, August 17, 2022 /PRNewswire/ — The Hotel market in Vietnam should grow by $2.12 billion during the period 2021-2026, growing at a CAGR of 14.43% during the forecast period. Vietnam hotel market segmentation by type (chain hotels and independent hotels) and application (tourist accommodation and official trade).

The hotel market report Vietnam also offers information on several vendors in the market, including 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 among others.

Read the 120-page report with TOC on “Hotel Market in Vietnam Analysis report by type and application and segment forecast. Request a sample report.

Major Five Hotel in Vietnam Companies:

  • Accor S.A.: The company offers a wide range of hotel brands such as Luxury, Premium, Midscale, Economy and many more.
  • Central Plaza Hotel Public Co. Ltd. : The company offers quick service restaurants such as Cold Stone, KFC and many more.
  • Hyatt Hotels Corp. : The company brings sophisticated design, handcrafted details and modern conveniences to Park Hyatt Saigon.
  • InterContinental Hotel Group: The company offers a diverse portfolio of differentiated brands available to both customers and owners.
  • The Siesta Premium Hang Be: The company offers a wide range of hotels such as La Siesta Premium Hang Be, La Siesta Classic Ma May and many more.

Chain hotels in Vietnam will significantly increase their market share. The expansion of this market will be fueled by the steady expansion of the travel and tourism sector as well as significant investment in 5 and 4 star hotels, as leisure travel to Vietnam rises in popularity. Buy a sample report.

The global hotel market in Vietnam is growing due to factors such as increased affordability and disposable income. The growth is attributable to from vietnam steady economic growth and substantial increase in disposable income per capita. Moreover, a person’s ability to spend money will increase as the degree of income inequality between classes gradually decreases. Download a free sample report

Over the projection period, the expansion of the market in Vietnam will be further fueled by the increasing purchasing power of end-users and their rapidly expanding population. However, some of the main obstacles to the expansion of the global hotel sector in Vietnam are climate change and unforeseen weather events.

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Scope of the hotel market in Vietnam

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 14.43%

Market Growth 2022-2026

$2.12 billion

Market structure

Fragmented

Annual growth (%)

1:44 p.m.

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

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

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Status Analysis market for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • Tourist accommodation – Market size and forecast 2021-2026
  • Official Enterprise – Market Size and Forecast 2021-2026
  • Market Opportunity by Application

Market segmentation by type

  • Market segments
  • Comparison by type
  • Chain Hotels – Market size and forecast 2021-2026
  • Independent Hotels – Market size and forecast 2021-2026
  • Market Opportunity by Type

Customer landscape

  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Accor SA
  • Central Plaza Hotel Public Co. Ltd.
  • Hyatt Hotels Corp.
  • InterContinental Hotel Group
  • La Siesta Premium Hang Be
  • Marriott International Inc.
  • PCL international minor
  • Muong Thanh hospitality
  • HOTEL SALA DANANG BEACH
  • Winepearl

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research Methodology
  • Abreviations list

About Technavio

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