SOURCE: Globalysis Ltd.

February 26, 2007 19:45 ET

Globalysis Issues 2007 Tourism Sector Outlook for Vietnam

HANOI, VIETNAM -- (MARKET WIRE) -- February 26, 2007 -- Globalysis Ltd., a leading international boutique consultancy, has issued its 2007 tourism sector outlook for the Socialist Republic of Vietnam. The research report provides a macro-perspective of Vietnam's tourism sector and indicates that the country should experience strong tourism sector growth in calendar year 2007.

Globalysis defines the tourism sector universe as encompassing the hotel lodging, entertainment, airline and casino gaming (where applicable) industries in addition to the indirect industries supported by tourism such as real estate. Several countries in Asia have identified tourism sector growth as a primary pillar of economic growth over the next decade.

Mr. Jonathan Galaviz, Partner at Globalysis Ltd., stated, "Vietnam is one of the strongest emerging tourism growth destinations in Asia and finds itself well positioned to capture further growth in the coming years. The Vietnamese government continues to implement well placed strategies to attract further foreign direct investment focused on developing the tourism sector."

Some of the cited positive factors for Vietnam's tourism sector are: strong performance of the country's hotel industry, increasing international airline connectivity, possible liberalization of the casino gaming industry, and an emphasis by the government on generating foreign direct investment growth geared towards the tourism sector.

Some of the potential risks cited in the report for Vietnam's tourism economy are: natural disaster risk exposure, potential inflationary market for tourism assets, and concerns about the legal framework for private property rights.

Globalysis estimates that Vietnam will experience approximately 10% year-over-year growth in international visitor arrivals to an approximate figure of 3.94 million visitors in calendar year 2007. Vietnam experienced international visitor arrivals of approximately 3.58 million in calendar year 2006 according to the Vietnam National Administration of Tourism.

The 16-page report is available for purchase at a cost of USD$1,500 per copy.

About Globalysis

Globalysis Ltd. is a Las Vegas, Nevada (USA) based boutique tourism sector consultancy that focuses on the entertainment, airline, hotel lodging and casino gaming industries in international markets. The firm actively consults to the senior executive teams of several Fortune 500 companies operating within the tourism sector.

Note to Editors: A free copy of the report will be made to members of the press upon request via e-mail to

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