Hotel Market in Vietnam 2025-2029

Hotel Market In Vietnam 2025-2029

The hotel market in vietnam is forecasted to grow by USD 5331.3 mn during 2024-2029, accelerating at a CAGR of 21.1% during the forecast period. The report on the hotel market in vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing affordability and rising disposable income, growing investment in hotel market in vietnam, and growing number of foreign tourists.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's hotel market in vietnam is segmented as below:

By Application

  • Tourist accommodation
  • Official business
By Type
  • Chain hotels
  • Independent hotels
By Service
  • Service apartments
  • Mid and upper mid-scale hotels
  • Budget and economy hotels
  • Luxury hotels
This study identifies the growing application of social media and internet penetration as one of the prime reasons driving the hotel market in vietnam growth during the next few years. Also, self-check-ins to minimize waiting time and digitalization in hotel market in vietnam will lead to sizable demand in the market.

The report on the hotel market in vietnam covers the following areas:
  • Hotel Market in Vietnam sizing
  • Hotel Market in Vietnam forecast
  • Hotel Market in Vietnam industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hotel market in vietnam vendors that include Accor S.A., Aman Group S.a.r.l., Central Plaza Hotel Public Co. Ltd., Four Seasons Hotels Ltd., Furama Resort Danang, Hilton Worldwide Holdings Inc., Hotel Nikko Saigon, Hyatt Hotels Corp., InterContinental Hotels Group Plc, La Siesta Premium Hang Be, Marriott International Inc., Melia Hotels International S.A., Minor International Public Co. Ltd., Muong Thanh Hospitality, Oakwood, SALA DANANG BEACH HOTEL, Sofitel Legend Metropole Hanoi, Victoria Hotels and Resorts, and Vinpearl. Also, the hotel market in vietnam analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Service
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Vietnam - Market size and forecast 2024-2029 ($ million)
Data Table on Vietnam - Market size and forecast 2024-2029 ($ million)
Chart on Vietnam: Year-over-year growth 2024-2029 (%)
Data Table on Vietnam: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Hotel Market in Vietnam 2019 - 2023
Historic Market Size - Data Table on Hotel Market in Vietnam 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Service segment analysis 2019 - 2023
Historic Market Size - Service Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Hotel Market in Vietnam
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Tourist accommodation - Market size and forecast 2024-2029
Chart on Tourist accommodation - Market size and forecast 2024-2029 ($ million)
Data Table on Tourist accommodation - Market size and forecast 2024-2029 ($ million)
Chart on Tourist accommodation - Year-over-year growth 2024-2029 (%)
Data Table on Tourist accommodation - Year-over-year growth 2024-2029 (%)
8.4 Official business - Market size and forecast 2024-2029
Chart on Official business - Market size and forecast 2024-2029 ($ million)
Data Table on Official business - Market size and forecast 2024-2029 ($ million)
Chart on Official business - Year-over-year growth 2024-2029 (%)
Data Table on Official business - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Chain hotels - Market size and forecast 2024-2029
Chart on Chain hotels - Market size and forecast 2024-2029 ($ million)
Data Table on Chain hotels - Market size and forecast 2024-2029 ($ million)
Chart on Chain hotels - Year-over-year growth 2024-2029 (%)
Data Table on Chain hotels - Year-over-year growth 2024-2029 (%)
9.4 Independent hotels - Market size and forecast 2024-2029
Chart on Independent hotels - Market size and forecast 2024-2029 ($ million)
Data Table on Independent hotels - Market size and forecast 2024-2029 ($ million)
Chart on Independent hotels - Year-over-year growth 2024-2029 (%)
Data Table on Independent hotels - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Market Segmentation by Service
10.1 Market segments
Chart on Service - Market share 2024-2029 (%)
Data Table on Service - Market share 2024-2029 (%)
10.2 Comparison by Service
Chart on Comparison by Service
Data Table on Comparison by Service
10.3 Service apartments - Market size and forecast 2024-2029
Chart on Service apartments - Market size and forecast 2024-2029 ($ million)
Data Table on Service apartments - Market size and forecast 2024-2029 ($ million)
Chart on Service apartments - Year-over-year growth 2024-2029 (%)
Data Table on Service apartments - Year-over-year growth 2024-2029 (%)
10.4 Mid and upper mid-scale hotels - Market size and forecast 2024-2029
Chart on Mid and upper mid-scale hotels - Market size and forecast 2024-2029 ($ million)
Data Table on Mid and upper mid-scale hotels - Market size and forecast 2024-2029 ($ million)
Chart on Mid and upper mid-scale hotels - Year-over-year growth 2024-2029 (%)
Data Table on Mid and upper mid-scale hotels - Year-over-year growth 2024-2029 (%)
10.5 Budget and economy hotels - Market size and forecast 2024-2029
Chart on Budget and economy hotels - Market size and forecast 2024-2029 ($ million)
Data Table on Budget and economy hotels - Market size and forecast 2024-2029 ($ million)
Chart on Budget and economy hotels - Year-over-year growth 2024-2029 (%)
Data Table on Budget and economy hotels - Year-over-year growth 2024-2029 (%)
10.6 Luxury hotels - Market size and forecast 2024-2029
Chart on Luxury hotels - Market size and forecast 2024-2029 ($ million)
Data Table on Luxury hotels - Market size and forecast 2024-2029 ($ million)
Chart on Luxury hotels - Year-over-year growth 2024-2029 (%)
Data Table on Luxury hotels - Year-over-year growth 2024-2029 (%)
10.7 Market opportunity by Service
Market opportunity by Service ($ million)
Data Table on Market opportunity by Service ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Accor S.A.
Accor S.A. - Overview
Accor S.A. - Business segments
Accor S.A. - Key news
Accor S.A. - Key offerings
Accor S.A. - Segment focus
SWOT
14.5 Central Plaza Hotel Public Co. Ltd.
Central Plaza Hotel Public Co. Ltd. - Overview
Central Plaza Hotel Public Co. Ltd. - Product / Service
Central Plaza Hotel Public Co. Ltd. - Key offerings
SWOT
14.6 Four Seasons Hotels Ltd.
Four Seasons Hotels Ltd. - Overview
Four Seasons Hotels Ltd. - Product / Service
Four Seasons Hotels Ltd. - Key offerings
SWOT
14.7 Furama Resort Danang
Furama Resort Danang - Overview
Furama Resort Danang - Product / Service
Furama Resort Danang - Key offerings
SWOT
14.8 Hotel Nikko Saigon
Hotel Nikko Saigon - Overview
Hotel Nikko Saigon - Product / Service
Hotel Nikko Saigon - Key offerings
SWOT
14.9 Hyatt Hotels Corp.
Hyatt Hotels Corp. - Overview
Hyatt Hotels Corp. - Business segments
Hyatt Hotels Corp. - Key offerings
Hyatt Hotels Corp. - Segment focus
SWOT
14.10 InterContinental Hotels Group Plc
InterContinental Hotels Group Plc - Overview
InterContinental Hotels Group Plc - Product / Service
InterContinental Hotels Group Plc - Key offerings
SWOT
14.11 La Siesta Premium Hang Be
La Siesta Premium Hang Be - Overview
La Siesta Premium Hang Be - Product / Service
La Siesta Premium Hang Be - Key offerings
SWOT
14.12 Marriott International Inc.
Marriott International Inc. - Overview
Marriott International Inc. - Business segments
Marriott International Inc. - Key news
Marriott International Inc. - Key offerings
Marriott International Inc. - Segment focus
SWOT
14.13 Melia Hotels International S.A.
Melia Hotels International S.A. - Overview
Melia Hotels International S.A. - Product / Service
Melia Hotels International S.A. - Key offerings
SWOT
14.14 Minor International Public Co. Ltd.
Minor International Public Co. Ltd. - Overview
Minor International Public Co. Ltd. - Product / Service
Minor International Public Co. Ltd. - Key offerings
SWOT
14.15 Muong Thanh Hospitality
Muong Thanh Hospitality - Overview
Muong Thanh Hospitality - Product / Service
Muong Thanh Hospitality - Key offerings
SWOT
14.16 SALA DANANG BEACH HOTEL
SALA DANANG BEACH HOTEL - Overview
SALA DANANG BEACH HOTEL - Product / Service
SALA DANANG BEACH HOTEL - Key offerings
SWOT
14.17 Victoria Hotels and Resorts
Victoria Hotels and Resorts - Overview
Victoria Hotels and Resorts - Product / Service
Victoria Hotels and Resorts - Key offerings
SWOT
14.18 Vinpearl
Vinpearl - Overview
Vinpearl - Product / Service
Vinpearl - Key offerings
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Market Segmentation by Service
Exhibits7: Executive Summary - Chart on Company Market Positioning
Exhibits8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits9: Overview on criticality of inputs and factors of differentiation
Exhibits10: Overview on factors of disruption
Exhibits11: Impact of drivers and challenges in 2024 and 2029
Exhibits12: Parent Market
Exhibits13: Data Table on - Parent Market
Exhibits14: Market characteristics analysis
Exhibits15: Value chain analysis
Exhibits16: Offerings of companies included in the market definition
Exhibits17: Market segments
Exhibits18: Chart on Vietnam - Market size and forecast 2024-2029 ($ million)
Exhibits19: Data Table on Vietnam - Market size and forecast 2024-2029 ($ million)
Exhibits20: Chart on Vietnam: Year-over-year growth 2024-2029 (%)
Exhibits21: Data Table on Vietnam: Year-over-year growth 2024-2029 (%)
Exhibits22: Historic Market Size - Data Table on Hotel Market in Vietnam 2019 - 2023 ($ million)
Exhibits23: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits24: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits25: Historic Market Size - Service Segment 2019 - 2023 ($ million)
Exhibits26: Five forces analysis - Comparison between 2024 and 2029
Exhibits27: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits29: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits30: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits31: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits32: Chart on Market condition - Five forces 2024 and 2029
Exhibits33: Chart on Application - Market share 2024-2029 (%)
Exhibits34: Data Table on Application - Market share 2024-2029 (%)
Exhibits35: Chart on Comparison by Application
Exhibits36: Data Table on Comparison by Application
Exhibits37: Chart on Tourist accommodation - Market size and forecast 2024-2029 ($ million)
Exhibits38: Data Table on Tourist accommodation - Market size and forecast 2024-2029 ($ million)
Exhibits39: Chart on Tourist accommodation - Year-over-year growth 2024-2029 (%)
Exhibits40: Data Table on Tourist accommodation - Year-over-year growth 2024-2029 (%)
Exhibits41: Chart on Official business - Market size and forecast 2024-2029 ($ million)
Exhibits42: Data Table on Official business - Market size and forecast 2024-2029 ($ million)
Exhibits43: Chart on Official business - Year-over-year growth 2024-2029 (%)
Exhibits44: Data Table on Official business - Year-over-year growth 2024-2029 (%)
Exhibits45: Market opportunity by Application ($ million)
Exhibits46: Data Table on Market opportunity by Application ($ million)
Exhibits47: Chart on Type - Market share 2024-2029 (%)
Exhibits48: Data Table on Type - Market share 2024-2029 (%)
Exhibits49: Chart on Comparison by Type
Exhibits50: Data Table on Comparison by Type
Exhibits51: Chart on Chain hotels - Market size and forecast 2024-2029 ($ million)
Exhibits52: Data Table on Chain hotels - Market size and forecast 2024-2029 ($ million)
Exhibits53: Chart on Chain hotels - Year-over-year growth 2024-2029 (%)
Exhibits54: Data Table on Chain hotels - Year-over-year growth 2024-2029 (%)
Exhibits55: Chart on Independent hotels - Market size and forecast 2024-2029 ($ million)
Exhibits56: Data Table on Independent hotels - Market size and forecast 2024-2029 ($ million)
Exhibits57: Chart on Independent hotels - Year-over-year growth 2024-2029 (%)
Exhibits58: Data Table on Independent hotels - Year-over-year growth 2024-2029 (%)
Exhibits59: Market opportunity by Type ($ million)
Exhibits60: Data Table on Market opportunity by Type ($ million)
Exhibits61: Chart on Service - Market share 2024-2029 (%)
Exhibits62: Data Table on Service - Market share 2024-2029 (%)
Exhibits63: Chart on Comparison by Service
Exhibits64: Data Table on Comparison by Service
Exhibits65: Chart on Service apartments - Market size and forecast 2024-2029 ($ million)
Exhibits66: Data Table on Service apartments - Market size and forecast 2024-2029 ($ million)
Exhibits67: Chart on Service apartments - Year-over-year growth 2024-2029 (%)
Exhibits68: Data Table on Service apartments - Year-over-year growth 2024-2029 (%)
Exhibits69: Chart on Mid and upper mid-scale hotels - Market size and forecast 2024-2029 ($ million)
Exhibits70: Data Table on Mid and upper mid-scale hotels - Market size and forecast 2024-2029 ($ million)
Exhibits71: Chart on Mid and upper mid-scale hotels - Year-over-year growth 2024-2029 (%)
Exhibits72: Data Table on Mid and upper mid-scale hotels - Year-over-year growth 2024-2029 (%)
Exhibits73: Chart on Budget and economy hotels - Market size and forecast 2024-2029 ($ million)
Exhibits74: Data Table on Budget and economy hotels - Market size and forecast 2024-2029 ($ million)
Exhibits75: Chart on Budget and economy hotels - Year-over-year growth 2024-2029 (%)
Exhibits76: Data Table on Budget and economy hotels - Year-over-year growth 2024-2029 (%)
Exhibits77: Chart on Luxury hotels - Market size and forecast 2024-2029 ($ million)
Exhibits78: Data Table on Luxury hotels - Market size and forecast 2024-2029 ($ million)
Exhibits79: Chart on Luxury hotels - Year-over-year growth 2024-2029 (%)
Exhibits80: Data Table on Luxury hotels - Year-over-year growth 2024-2029 (%)
Exhibits81: Market opportunity by Service ($ million)
Exhibits82: Data Table on Market opportunity by Service ($ million)
Exhibits83: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits84: Impact of drivers and challenges in 2024 and 2029
Exhibits85: Overview on criticality of inputs and factors of differentiation
Exhibits86: Overview on factors of disruption
Exhibits87: Impact of key risks on business
Exhibits88: Companies covered
Exhibits89: Company ranking index
Exhibits90: Matrix on companies position and classification
Exhibits91: Accor S.A. - Overview
Exhibits92: Accor S.A. - Business segments
Exhibits93: Accor S.A. - Key news
Exhibits94: Accor S.A. - Key offerings
Exhibits95: Accor S.A. - Segment focus
Exhibits96: SWOT
Exhibits97: Central Plaza Hotel Public Co. Ltd. - Overview
Exhibits98: Central Plaza Hotel Public Co. Ltd. - Product / Service
Exhibits99: Central Plaza Hotel Public Co. Ltd. - Key offerings
Exhibits100: SWOT
Exhibits101: Four Seasons Hotels Ltd. - Overview
Exhibits102: Four Seasons Hotels Ltd. - Product / Service
Exhibits103: Four Seasons Hotels Ltd. - Key offerings
Exhibits104: SWOT
Exhibits105: Furama Resort Danang - Overview
Exhibits106: Furama Resort Danang - Product / Service
Exhibits107: Furama Resort Danang - Key offerings
Exhibits108: SWOT
Exhibits109: Hotel Nikko Saigon - Overview
Exhibits110: Hotel Nikko Saigon - Product / Service
Exhibits111: Hotel Nikko Saigon - Key offerings
Exhibits112: SWOT
Exhibits113: Hyatt Hotels Corp. - Overview
Exhibits114: Hyatt Hotels Corp. - Business segments
Exhibits115: Hyatt Hotels Corp. - Key offerings
Exhibits116: Hyatt Hotels Corp. - Segment focus
Exhibits117: SWOT
Exhibits118: InterContinental Hotels Group Plc - Overview
Exhibits119: InterContinental Hotels Group Plc - Product / Service
Exhibits120: InterContinental Hotels Group Plc - Key offerings
Exhibits121: SWOT
Exhibits122: La Siesta Premium Hang Be - Overview
Exhibits123: La Siesta Premium Hang Be - Product / Service
Exhibits124: La Siesta Premium Hang Be - Key offerings
Exhibits125: SWOT
Exhibits126: Marriott International Inc. - Overview
Exhibits127: Marriott International Inc. - Business segments
Exhibits128: Marriott International Inc. - Key news
Exhibits129: Marriott International Inc. - Key offerings
Exhibits130: Marriott International Inc. - Segment focus
Exhibits131: SWOT
Exhibits132: Melia Hotels International S.A. - Overview
Exhibits133: Melia Hotels International S.A. - Product / Service
Exhibits134: Melia Hotels International S.A. - Key offerings
Exhibits135: SWOT
Exhibits136: Minor International Public Co. Ltd. - Overview
Exhibits137: Minor International Public Co. Ltd. - Product / Service
Exhibits138: Minor International Public Co. Ltd. - Key offerings
Exhibits139: SWOT
Exhibits140: Muong Thanh Hospitality - Overview
Exhibits141: Muong Thanh Hospitality - Product / Service
Exhibits142: Muong Thanh Hospitality - Key offerings
Exhibits143: SWOT
Exhibits144: SALA DANANG BEACH HOTEL - Overview
Exhibits145: SALA DANANG BEACH HOTEL - Product / Service
Exhibits146: SALA DANANG BEACH HOTEL - Key offerings
Exhibits147: SWOT
Exhibits148: Victoria Hotels and Resorts - Overview
Exhibits149: Victoria Hotels and Resorts - Product / Service

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