Experts, businesses discuss how to rebuild tourism when recovery comes
Experts, businesses discuss how to rebuild tourism when recovery comes
Vietnam is one of the hot-selling tourist destinations in South East Asia. Thanks to its rich heritage, culture, natural landscape, and authentic food. Tourism is one of the major components of the Vietnamese economy. It is the safest sector to invest in 2023.
After suffering the immense effects of the pandemic, Vietnam is all set to welcome tourists with new avenues and attractions. The government is trying to make the infrastructure travel friendly with better roads, public transport, and new man-made tourist spots.
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Vietnam’s tourism sector features food chains, hotels, entertainment venues, malls, travel agencies, cab services, and casinos, where you can dive into bitcoin blackjack and other classic casino games. In fact, the entertainment sector in the country – be it physical or digital – is expected to grow by 6.5% in the next few years. Therefore, with its large scope of opportunities, the country attracts many investments in this particular sector.
In this article, we will talk about the various ways you can plan your investment portfolio, so let’s dive into it.
Not only this, the on-sight restaurant does great business. Who doesn’t like beachside candlelight dinners? There is a trend of having one fine dining restaurant, one 24x7 cafe, a poolside bar, and one snack shop in-house.
Another side is business hotels. Approximately 6000 work visas are being issued on an everyday basis implying more than 6000 foreigners are flying to Vietnam every day. A good business hotel with world-class facilities viz fitness center, strong internet, in-house dining, and a convenient travel desk is all you need to make your hotel business flourish.
City or countryside, the food business is a great hit. You can opt for an airport, metro station, mall, or any place close to the city center.
There are a lot of American and Middle East tourists traveling to Vietnam, which means you can set up an eatery with American dishes and middle eastern meals, and your business will give you great returns.
Return on investment is really high in this sector, there are a couple of private-sector airlines that you can consider. You can consider investing in a franchise inside an international airport.
It is a huge investment but a fruitful one. If you don’t have a budget of investing in the entire entertainment park, then you can invest in smaller sections like a merchandise store or a food truck inside these parks.
You can run this business online, where all the bookings can be done via the website or social media. A multilingual and tech-savvy team works best in this scenario.
Shopping arcades attract women, and the number of females traveling to Vietnam has increased by multi-folds. Money multiplies when it is invested in these avenues.
Now that you have a list of sectors to invest in, put your money wisely and make great profits from the Vietnamese tourist industry!
After suffering the immense effects of the pandemic, Vietnam is all set to welcome tourists with new avenues and attractions. The government is trying to make the infrastructure travel friendly with better roads, public transport, and new man-made tourist spots.
Vietnam’s tourism sector features food chains, hotels, entertainment venues, malls, travel agencies, cab services, and casinos, where you can dive into bitcoin blackjack and other classic casino games. In fact, the entertainment sector in the country – be it physical or digital – is expected to grow by 6.5% in the next few years. Therefore, with its large scope of opportunities, the country attracts many investments in this particular sector.
In this article, we will talk about the various ways you can plan your investment portfolio, so let’s dive into it.
Opportunities for Investors in 2023:
Hotels and Resorts
Big budget investors, this is your area to earn more! Staying in a luxury resort is every tourist’s dream. You can invest in one of the resorts near Nha Trang and Da Nang is ideal for exotic beach resorts. This stretch has the potential for a huge return on investment. A superior suite in a world-class resort can have a tariff of up to $100-300 whereas an Ocean Villa can be priced at $500-800 per night.Not only this, the on-sight restaurant does great business. Who doesn’t like beachside candlelight dinners? There is a trend of having one fine dining restaurant, one 24x7 cafe, a poolside bar, and one snack shop in-house.
Another side is business hotels. Approximately 6000 work visas are being issued on an everyday basis implying more than 6000 foreigners are flying to Vietnam every day. A good business hotel with world-class facilities viz fitness center, strong internet, in-house dining, and a convenient travel desk is all you need to make your hotel business flourish.
Restaurants
If your budget is not very huge, but want to make profits of more than 80%. The food industry is ideal for you. Invest in a multi-cuisine restaurant or beachside cafe, selling a blend of local and international delicacies- it will yield you good money.City or countryside, the food business is a great hit. You can opt for an airport, metro station, mall, or any place close to the city center.
There are a lot of American and Middle East tourists traveling to Vietnam, which means you can set up an eatery with American dishes and middle eastern meals, and your business will give you great returns.
Flights
One of the most expensive investments, yet the most fruitful one. If you’re investing in an airplane carrier, you are digging a diamond mine. International flights such as Air Asia, Etihad, Emirates, Nok Air, and Scoot fly from various countries to Vietnam. Everyday traffic is more than 100k passengers per day.Return on investment is really high in this sector, there are a couple of private-sector airlines that you can consider. You can consider investing in a franchise inside an international airport.
Entertainment Spots
Amusement Parks, marine parks, and botanical gardens are a major hit among tourists. You can invest in one of these and yield good money. Entertainment parks are preferred by all sorts of holidaymakers, be it families, couples, or friends. Not just overseas tourists but also domestic ones also love visiting these spots for leisure and entertainment.It is a huge investment but a fruitful one. If you don’t have a budget of investing in the entire entertainment park, then you can invest in smaller sections like a merchandise store or a food truck inside these parks.
Travel Agency
When it comes to international travel, people usually trust travel agents to organize everything from hotel booking to cab service. This doesn't involve a huge chunk of money but gives good returns. All you have to do is find a reliable partner to operate this business and work passionately in the travel sector.You can run this business online, where all the bookings can be done via the website or social media. A multilingual and tech-savvy team works best in this scenario.
Cab Services
Investing in a cab service like Uber, Amazing Uncles, or Hue Transfers is a great idea. For any sort of travel, people use cabs. Businessmen specifically prefer taking cabs to commute. Apart from travel, it is also used by localities.Luxury Spa Centres
Who doesn’t like being pampered on a holiday? Luxury travel is all about getting a feel-good factor. Put your money in a spa franchise or a luxury wellness center, and it is a sure-shot money-minting business.Clubs and Malls
What is a tourist destination without party and shopping arenas? Every tourist that visits Vietnam loves to party and shop for local and international goods. A club, lounge, or bar selling indigenous and world-class liquor is an easy youth magnet.Shopping arcades attract women, and the number of females traveling to Vietnam has increased by multi-folds. Money multiplies when it is invested in these avenues.
Now that you have a list of sectors to invest in, put your money wisely and make great profits from the Vietnamese tourist industry!
