Sunday, February 17, 2013

The Tourism Revenue in Vietnam is anticipated to grow at a CAGR of around 13% during 2012-2015

Vietnam has become one of the most popular tourist destinations in the South-east region. The country’s tourism industry has been growing unprecedentedly over the past few years with rising domestic as well as international tourists. The travel & tourism industry accounted for 10% of the GDP in the Vietnamese economy during 2011. The government’s support has been the key driving force for this industry. The government has been readily spending on the promotional activities across the world to boost the nation’s tourism industry. According to our new research report “Booming Tourism Sector in Vietnam”, the country is witnessing healthy growth, both in terms of international and domestic tourists. In 2011, the international and domestic tourists increased by 20% and 7.5%, respectively as compared to the previous year. Moreover, it is expected that the tourism industry will continue to grow rapidly in the coming years on the back of its favorable demographic profile and increasing promotional activities by the government. The tourism revenue in Vietnam is anticipated to grow at a CAGR of around 13% during 2012-2015.
 
To Know More - Booming Tourism Sector in Vietnam

Wednesday, February 13, 2013

Travel and Tourism's Direct Contribution To The National GDP in Spain Was 5.3% In 2011

The World Travel and Tourism Council. During the review period 2007–2011, the total number of trips undertaken by residents, including both domestic and international trips, increased from 156.7 million in 2007 to 184.1 million in 2011, at a compound annual growth rate (CAGR) of 4.09%. While outbound and domestic trips increased at a healthy review-period CAGR of 5.90% and 3.96% respectively, inbound tourism declined at a CAGR of -1.57% due to the prevailing economic conditions in Europe. Domestic tourist volume accounted for 93% of the country’s total tourist volume in 2011. During the same year Spain had 171.3 million domestic tourists and recorded a review-period CAGR of 3.96%.

 

To Know More - The Future of Travel and Tourism in Spain to 2016