How to ‘save’ the billion-dollar tourism industry

Avatar of Nick John By Nick John Dec20,2023 #billion #industry
How to 'save' the billion-dollar tourism industry 2
How to 'save' the billion-dollar tourism industry 2

If the Covid-19 epidemic ends in the first quarter, the current optimistic scenario according to estimates by the Ministry of Planning & Investment, the tourism industry will lose about 2.3 billion USD.

In 2003, when the SARS outbreak broke out, tourism directly contributed only 4% of GDP.

Hotels in Nha Trang disinfect to prevent corona virus.

Initial surveys by the Tourism Advisory Board (TAB) show that hotel occupancy rates are currently down 20-50%, especially in Nha Trang (Khanh Hoa) down 98% compared to the same period last year.

In addition to accommodation, hotels, airlines also suffered, with a 50% decrease in international flight bookings and 40% domestic flight bookings.

Therefore, TAB recently sent Prime Minister Nguyen Xuan Phuc a petition with a series of proposals to `save` the tourism industry.

According to TAB, from now until Vietnam announces complete containment of the Covid-19 epidemic, the Government needs to strengthen promotional activities in long-distance markets such as Europe, Canada, Australia…┬áThis needs to be maintained.

When the epidemic is completely contained globally, the tourism industry needs to increase capacity and promote promotional programs in China and Southeast Asia, in parallel with promoting the domestic market and European markets.

Immediately, there is also a need for agencies and websites to provide information on regulations on border control and epidemic prevention checks for tourists planning to come to Vietnam in at least English and Vietnamese.

In addition, tourism VAT is reduced from 10% to 5%, allowing tax payment to be delayed from 6 to 12 months;

In addition, the Government needs to speed up the progress of transport infrastructure projects, such as building Long Thanh airport, upgrading Tan Son Nhat, Phu Bai, Dong Hoi airports, expanding Noi Bai airport…

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