ABOUT EVENT / Overview
As per the World Tourism Organization (WTO), the United Nations specialized agency mandated with the promotion of responsible, sustainable and universally accessible tourism, Asia Pacific makes up 30% of the total revenue in global tourism and welcomed 263 million international tourists, up 14 million from 2013 (+5%). The region earned US$ 377 billion in tourism earning, up by US$ 16 billion over 2014 (+4% in real terms).
As per The World Economic Forum’s Travel & Tourism Competitiveness Index 2015 Ranking, Vietnam stands at 67 in 2017 while it was at 75 among 141 countries in 2015 and was on 89 in year 2009. The country, which is already endowed with exceptional natural and cultural resources, has significantly benefited from improvements to its human resources and labour market. Vietnam has also made exceptional improvement to its ICT capacity and usage (up 17 positions).
With the double-digit growth that is becoming reality as per the predictions, the prospects are positive towards a sustainable investment and return in profits. Vietnam’s tourism environment (security, health care, sanitation) reaches 4.6 out of 7 points, policy (3.7 points), and natural and cultural resources (2.9 points).
As per ADB predictions, Asia will account for 50% of the world’s GDP by year 2050. $ 8 Trillion is estimated to be needed to bring Asia’s infrastructure up to the mark and $ 16 Million is predicted revenue by additional jobs that are set to be created by the Asian travel and tourism industry over the next 10 years.
With 62 % occupancy rate and 82% international guests, Vietnam Hotel & Resort Industry offers huge potential towards tourism revenue. In terms of International Tourists, Vietnam is at number 5 in ASEAN.
In the wake of these developments, Bricsa Consulting is proud to announce, “Global Hotels and Resorts 2017”, a two day strategic business conference focused on the regional opportunities and scheduled to be held in December 2017 at Park Hyatt Saigon Hotel in Vietnam. The conference focuses on creating a dynamic platform for hotel and resort owners, developers, contractors and public sector stakeholders to not only explore business opportunities in the Asia Pacific region but also to get in-line with the key market trends in the hospitality industry across the globe and ways in which we can tackle the diversifying market. The conference is designed to connect governing authorities, major hotel developers and solution providers, including real estate development agencies, legal firms, logistics and operations services, risk management and investment companies and hospitality management firms, interior designers and architects to discuss and debate best practises which can be instrumental in maximising the overall growth across the region.