Tag Archives: Business

News Bites: Vietnam Tourism Forecast Is Sunny

This week, Breaking Travel News reported on the growth of tourism in emerging markets, citing a 6-8% increase over the past ten years — a twofold upturn over tourist powerhouses like Europe.

China is fueling much of this tourism boom — Chinese tourists spent $30 billion abroad last year. And where are they going? Vietnam.

An article on tourism in developing economies in The Economist last month put the number of Chinese visitors in Vietnam at 507,000 for 2007. The Vietnamese tourist industry also benefited from 442,000 South Korean visitors and 376,000 tourists from the United States.

Another Economist article published in April focuses on growth in Vietnam’s tourist industry and concerns about sustainable tourism. Again, Vietnam’s move to number four on the World Travel and Tourism Council‘s table of fastest-growing destinations is chalked up to the rising spending power of nearby countries. However, Vietnam’s infrastructure is cited as a handicap, the reason for its rank of 96 out of 130 countries on the World Economic Forum‘s competitiveness forum.

But while infrastructure lags behind, retail growth is brandishing the country’s luxury appeal. AT Kearney ranked Vietnam number one on its list of most attractive markets for retail investment, as reported by Foreign Direct Investment. Vietnam outstripped former leaders India, China and Russia thanks to its 8% GDP growth and the relative lack of competition compared with these countries.

Leave a comment

Filed under Media, Trends, Vietnam

More Fuel Woes for Qantas

This week, Qantas announced service cutbacks on Australian routes due to unprecedented global fuel costs. Most notably, Newcastle will be cut off indefinitely from both Melbourne and Sydney — the route had previously only been suspended. Qantas customers departing from Newcastle will have to depend on Jetstar‘s 56 flights a week to Melbourne, Brisbane and the Gold Coast. Meanwhile, Aeropelican will represent Qantas on the Sydney – Newcastle route with 8 flights daily.

Qantas’s Melbourne – Wollongong route will be scrapped outright on July 18th. In addition to disappointing fare sales, fuel costs have rendered it untenable to keep eight aging 36-seat Dash 8 100s in the air.

add to del.icio.us :: Add to Blinkslist :: add to furl :: Digg it :: add to ma.gnolia :: Stumble It! :: add to simpy :: seed the vine :: :: :: TailRank

Leave a comment

Filed under Australia, Flights

Jetstar: Hue Routes Axed, Highlands and Dalat Delayed

Jetstar Pacific recently confirmed my suspicions: the delay on the Hanoi – Hue route missed its simultaneous launch with the Nha Trang and Danang routes due to rising global fuel costs. Now, the Ho Chi Minh City – Hue service has been axed, as well. Add to the list of bad news that the HCMC – Buon Ma Thout (Central Highlands) and HCMC – Dalat routes will miss their scheduled first flights originally slated for August.

In related news, Airbus announced that increased production on its A380 line will be delayed, which will likely complicate Jetstar’s plans to get wheels up on thirty A380s in Vietnam by the projected 2014 deadline.

add to del.icio.us :: Add to Blinkslist :: add to furl :: Digg it :: add to ma.gnolia :: Stumble It! :: add to simpy :: seed the vine :: :: :: TailRank

Leave a comment

Filed under Flights, Ho Chi Minh City, Transportation, Vietnam

Three New Vietnam Routes on Jetstar Pacific

Jetstar Pacific is scheduled to expand its domestic route map today to include three new direct routes connecting Hanoi to Danang, Hue and Nha Trang. However, as of this morning, jetstar.com‘s booking engine yields no results for the Hanoi-Hue route. Meanwhile, wheels are up on the Danang and Nha Trang flights. A JetSaver Light (carry-on only) ticket starts at $35, while a full-priced boarding pass costs about $47. JetSaver Light tickets to Cam Ranh Airport, 28 miles (45 km) from Nha Trang, average $52 for weekday travel and $72 on the weekends. Regular fares hover at $82.

Jetstar Pacific is poised to corner the market on cheap flights in Vietnam. The partnership between Quantas Group’s Jetstar and Pacific Airlines, which launched Jetstar Pacific on May 23, has introduced the nation’s first budget airline.

add to del.icio.us :: Add to Blinkslist :: add to furl :: Digg it :: add to ma.gnolia :: Stumble It! :: add to simpy :: seed the vine :: :: :: TailRank

Leave a comment

Filed under Flights, Transportation, Vietnam