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German tourism firm studies Vietnamese market
Monday, February 28, 2005
A delegation from the German tourism firm TUI AG has made a tour of Viet Nam to study the market.

On Feb. 23, the TUI AG president held a working session with Ho Chi Minh City Mayor Le Thanh Hai, who promised to create the best conditions for the firm and its Vietnamese partner, Saigontourist, to cooperate.

The two sides will organise groups to study cooperation in travel, hotels and tourism resorts, personnel training, and tourism promotion. They plan to hold tours to Viet Nam, with the neighbouring countries of Thailand, Cambodia and Laos.

Investment in coastal tourism resorts, including the 200 ha Phu Quoc resort in the southern province of Kien Giang, would be included in the cooperation plan.
TUI AG experts expect that the firm will bring 20 million tourists from Germany and Europe to Viet Nam.
Theodore Koumelis - Monday, February 28, 2005
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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