Tourism revenue plummets in Jan-Sep

17-Oct-2020 Intellasia | The Saigon Times | 6:02 AM Print This Post

Due to a sharp drop in domestic and international tourist arrivals following the coronavirus outbreak, Vietnam’s tourism sector earned a mere VND233 trillion in revenue between January and September, plummeting by VND271 trillion or 54 percent year-on-year.

Statistics from the Ministry of Culture, Sports and Tourism indicated that the number of international travellers to the country during the nine-month period reached some 3.7 million, down 67 percent year-on-year. Meanwhile, Vietnam served 37.5 million domestic visitors, dipping by 43.2 percent year-on-year.

The tourism sector has introduced a series of domestic tourism promotion programmes, expecting the tourism market to grow intensely in the remaining months of the year.

Some recent tourism surveys showed that although many locals remained hesitant to resume travel after the second wave of Covid-19, the disease caused by the coronavirus, in late July, the domestic tourism market was still showing potential and promise.

Some 50 percent of visitors who participated in a survey conducted by the Vietnam Tourism Advisory Board in September said they would be ready to go on tours in the final months of the year.

In addition, 43 percent of participants said they would resume travelling by the end of the year, 23 percent admitted they had traveled in the third quarter of 2020 and 20 percent of them revealed they would take a holiday in the first quarter of 2021, according to a traveler survey published by Indochina Capital and Wink Hotels.

The survey also indicated that over 99 percent of respondents confirmed they travel at least once a year domestically for leisure.

Many opined that the domestic tourism segment would help a number of travel firms maintain their operations while sending up the room occupancy rates of hotels, resorts and lodging facilities at coastal localities. However, the international tourism segment will help the tourism sector recover.

In the most optimistic scenario, Vietnam will welcome some 10-12 million international tourists in 2021, while the number of domestic tourists is expected to reach 50-60 million, according to Grant Thornton Vietnam.

Vietnam has yet to open its doors to the international tourist segment, which makes up more than half of the country’s total tourism revenue.


Category: Business, Vietnam

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