Problems have arisen after a hot development period of homestay service over the past few years. Many homestays have shut down, while existing homestays have kicked off unhealthy competition by slashing rents.
There are signs showing a decline in number of travelers from South Korea, the biggest market for Thua Thien-Hue and Da Nang, the two tourism centers of the central region.
Nepal on May 21 imposed a ban on transactions with Chinese e-wallets Alipay and WeChat Pay in the country. What about Vietnam?
Having lived in Vietnam since the 1980s, Kenneth Atkinson, president of Grant Thorton Vietnam, said the number of foreign travelers to Vietnam is increasing rapidly, but most of them do not return again.
South Korea’s loosened visa policy and sharp tour fee decreases have prompted Vietnamese to register for tours to the country.
The number of Japanese travelers to Da Nang soared by 18 times in 2011-2017 as non-stop flights between Vietnam and Japan have given a push to tourism industry development.
The number of MICE travelers to Vietnam has been increasing steadily in the last few years, but Vietnam is still far from becoming an outstanding destination for MICE travelers.
Affluent travelers who reserve whole resorts, fly to Vietnam on special aircraft, use a private chef, or go to Vietnam on a weekend just to play golf are sought after by travel firms.