The Vietnam Society of Travel Agents will collaborate with global market research agency to establish industry measurement
Ho Chi Minh City, 10 September 2015 – GfK and the Vietnam Society of Travel Agents (VISTA) officially announced a partnership to introduce a new reporting currency for the local travel industry. Participating VISTA members will be contributing weekly live, forward-bookings to produce a set of predictive analytics—the first of its kind in Vietnam.
The GfK Travelscan, which is based on consolidated and aggregated industry booking data, is used by the travel industry to better anticipate market developments and to help businesses in the sector run more efficiently. Travelscan is one of a suite of specialised solutions for the travel and hospitality industry developed by GfK, one of the world’s leading market insights companies.
“Vietnam unlocks a great potential for the travel and hospitality industry and GfK is very glad to have the support of VISTA and its members,” said Laurens Van Den Oever, Global Industry Lead for Travel & Hospitality. “Travelscan will serve to benefit all parties in the tourism sector and we are definitely looking forward to play a key role supporting the further growth of this exciting market.”
GfK has established similar partnerships in Europe and other parts of the world with Travelscan being accepted as the currency for tourism research in these markets. Vietnam is the fourth market in Asia Pacific where Travelscan is being launched.
“The Vietnam Tourism Association (VITA) and VISTA value and appreciate the importance of having real-time travel industry insights,” said Vu The Binh, President of VISTA. “While our government statistic office are already collecting and publishing Vietnam’s general inbound and outbound tourism data each month, we have not yet managed to obtain a regular multi-dimension and in-depth report from travel agents—a new and valuable resource that will be provided by GfK Travelscan.”
GfK Travelscan is already being implemented in Singapore, Malaysia and Australia in the last two years, with more markets to be added to this list in the near future.
“GfK’s Travelscan study has already proven its advantage in Europe, and we are excited to be able to access similar reports for Vietnam,” said Binh. “We are certain that it will help the travel community here gain a better understanding of the travel market, and the actionable insights will help drive strong growth in this dynamic industry,” he concluded.
GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK’s long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers’ experiences and choices.
The Vietnam Association of Travel Agents – VISTA, established in 2010 under the Vietnam Tourism Association, is a socio-professional organization represents thousands of travel agents, tourist transportation companies, and some ten thousand tour guides across the country. The roles of VISTA include proposing travel policy improvement to government, facilitating the business development, and protecting the legitimate interests of its members.
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