Vietnam Shatters 2023 Tourist Goals in Record Nine Months

Vietnam Shatters 2023 Tourist Goals in Record Nine Months

By Author

Published on November 5, 2023

In a remarkable display of its growing global appeal, Vietnam has welcomed 8.9 million international visitors in the first nine months of 2023, shattering its yearly target of 8 million. This achievement marks a 4.7-fold increase from the previous year, highlighting the country’s surging popularity as a prime tourist destination.

The majority of these tourists, totaling 6.85 million, hailed from Asia, with significant numbers from Europe (1.015 million), the Americas (682,800), Oceania (311,100), and Africa (20,400). The influx of visitors was predominantly by air (87.5%), showcasing Vietnam's improved air connectivity. Road arrivals followed at 11.8%, with a minor percentage arriving by sea.

This surge in tourism has been attributed to Vietnam’s new e-visa policy, which now allows a 90-day stay as opposed to the previous 30-day limit. This policy, along with affordable holiday packages and the ease of obtaining visas through online platforms like Akbar Travels, has played a crucial role in attracting international visitors, particularly from India.

Vietnam’s tourism sector has experienced a boost in revenue, with accommodation and catering services witnessing a 16% increase, while travel and tourism services soared by 47.7%. The country’s reputation as a budget-friendly and safe destination has particularly resonated with solo travellers, adding to its appeal.

Despite a month-on-month dip in September, the overall numbers paint a bright picture. Vu The Binh, chairman of the Vietnam Tourism Association, now projects a more ambitious target of 10-12 million tourists for the year.

The central region of Vietnam, specifically Đà Nẵng, has emerged as a 'hot spot' for MICE tourism. Its strategic location between two UNESCO world heritage sites, Hội An and Huế, and the proliferation of luxury accommodations along its beaches, have been highlighted by Australia’s Micenet Magazine.

Vietnam's success in surpassing its tourism targets well before year-end underscores its allure as a top-tier destination. The country's blend of cultural richness, scenic beauty, and tourist-friendly policies continue to draw visitors from across the globe, marking a significant rebound and growth in its tourism sector.


Wyndham Hotels & Resorts Reports Q3 2025 Results

Wyndham Hotels & Resorts Reports Q3 2025 Results

By Hariharan U

Published on October 27, 2025

Wyndham Hotels & Resorts reported its Q3 2025 financial results, showing steady growth across operations and financial metrics. Global system-wide rooms increased 4% year-on-year to 855,400, including 503,400 in the U.S. and 352,000 internationally, while the company awarded 204 new development contracts, up 24% from Q3 2024. The global development pipeline grew 4% to 257,000 rooms, with roughly 70% in midscale and above segments and 58% internationally.

 Ancillary revenues rose 18% compared to the same period last year. Net income climbed 3% to $105 million, and adjusted net income reached $112 million, with diluted EPS increasing 5% to $1.36 and adjusted diluted EPS up 5% to $1.46. Adjusted EBITDA grew 2% to $213 million, while global RevPAR declined 5% in constant currency, mainly due to softer results in Asia Pacific and Latin America, partially offset by gains in EMEA and Canada.

Wyndham generated $86 million in net cash from operating activities and $97 million in free cash flow, ending the quarter with $70 million in cash and total liquidity of about $540 million, maintaining a net debt leverage ratio of 3.5x. In October 2025, the company refinanced its $750 million revolving credit facility, extending maturity to 2030, increasing capacity to $1 billion, and reducing borrowing costs by 35 basis points. Shareholder returns included the repurchase of 830,000 shares for $70 million in Q3 and year-to-date buybacks of 2.5 million shares for $223 million, alongside $31 million in dividends.

Looking ahead, Wyndham expects full-year global room growth of 4–4.6%, global RevPAR change of -3% to -2%, fee-related revenues of $1.43–$1.45 billion, adjusted EBITDA of $715–$725 million, adjusted net income of $347–$358 million, and adjusted diluted EPS of $4.48–$4.62, while maintaining a focus on portfolio expansion, strengthening its development pipeline, and delivering consistent shareholder value amid evolving industry conditions.


Alaska Air Reports Strong Q3 2025 Earnings, Expands Seattle Routes

Alaska Air Reports Strong Q3 2025 Earnings, Expands Seattle Routes

By Manu Vardhan Kannan

Published on October 26, 2025

Alaska Air Group reported strong financial results for the third quarter of 2025, posting a GAAP net income of $73 million and adjusted earnings per share of $1.05. The airline’s growth is being fueled by new nonstop routes from Seattle to London and Reykjavik, set to launch in May 2026, and the introduction of the Atmos Rewards loyalty program, which exceeded premium credit card sign-up expectations.

In a major technological upgrade, Alaska Air is installing Starlink high-speed Wi-Fi across its fleet, offering complimentary access to Atmos Rewards members. The company is also progressing with the integration of Hawaiian Airlines and advancing its Alaska Accelerate strategy, aiming for significant growth and profitability by 2027.

Analysts have assigned a Hold rating on ALK stock with a $49.00 price target, citing strong financial recovery but noting bearish technical indicators and increased leverage as potential risks. The airline continues to focus on expanding its global reach and enhancing customer loyalty through strategic partnerships and its Atmos Rewards program.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.

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