On the businesstoday page on December 20, author Saurabh Sharma wrote an article about Hanoi/Bali cheaper than Goa – about Indian tourism, which included the opinion of a fund manager in this country named Viraj Mehta explaining the trend. of tourists today are going to Southeast Asian countries such as Vietnam, Thailand, Indonesia and Cambodia instead of visiting Goa, a state located in the Konkan coastal region in Western India.
The state of Goa, India has many beautiful and pristine beaches. (Source: wordpress)
Famous for its beautiful, pristine beaches, the Indian state of Goa is said to have India’s most developed tourism sector. With rich lands, fine white sand beaches, attractive cuisine and rich cultural identity… Most tourists coming here love the simple, rustic features of these beaches.
However, according to the fund manager’s assessment, Vietnam, a Southeast Asian coastal country, has emerged as one of the top tourist destinations in recent times, with an increasing number of Indian tourists. choose this country instead of Goa – famous for its pristine beaches and nightlife.
Indian tourists love to visit Vietnam. (Source: Saigongiaiphongnews)
A “new Thailand”?
Mr. Mehta said that India is losing a number of tourists to Southeast Asian countries because rising real estate prices push up hotel prices. Vietnam is becoming the new Thailand. “Regular tours are affordable thanks to direct flights and are great value for money,” he said. “We lose to Southeast Asian countries due to high real estate prices leading to high hotel rents. Going to Bali or Hanoi is cheaper than Goa… Strange! What is the solution?
The fund manager’s post sparked a debate. Saurabh Parmar, a businessman, said he has lived in Vietnam for two years. “This is nothing new, traveling in India has always been more expensive,” he said.
May this year, Vietnam+ – An electronic newspaper in Vietnam reported that the number of searches for accommodation in Vietnam is increasing rapidly, ranking 11th in the world. The biggest search sources for Vietnam tourism include the US, Japan, Australia, Singapore, India, Thailand, France, Germany, UK and South Korea.
In July, the Vietnam National Administration of Tourism said that the country welcomed nearly 5.6 million international tourists in the first half of 2023, accounting for 66% of the number the country recorded in 2019 before the Covid epidemic. -19 outbreak.
Bali ranked second in Trip Advisor’s ‘Best Destinations’ ranking in 2023. (Source: business today)
Many competitive advantages
Abhishek Rai, an investor, said he visited Bali, Hanoi and Phuket three times this year and only went to Goa once because it was two and a half times more expensive. “Goa is 2.5 times more expensive, not as clean and most importantly feels uncomfortable after spending so much money on the family. Comparing these things with Nha Trang, Vietnam is far superior. Goa has losing customers,” he wrote on the X platform.
Bali ranked second in Trip Advisor’s ‘Best Destinations’ ranking for 2023. Interestingly, Bali is the only Southeast Asian city in the top 10 destinations. Ubud, a town in Bali, is ranked 4th in readers’ ranking of the world’s 25 most popular cities in 2023. Travel + Leisure.
Talking about Goa, Mr. Monil Nitin Parikh, a businessman, said Goa has become super expensive due to too many tourists. “It’s really not cheap, even a week-long trip will cost over 1 lakh per person even if you stay in basic Bed & Breakfast type hotels. Goa has become super expensive due to excessive tourism,” he shared.
In November last year, Savills, an international real estate consultancy, said Goa had become a favorite destination for people looking to buy a second home because of its high rental yields. This rental yield ranges from 4 to 10%.
According to the consultant, Porvorim, Parra, Assagaon, Saligao, Anjuna and Siolim districts have witnessed huge demand for independent houses and villas for rent in gated communities. Depending on the room size and number of villas, the cost per night ranges from Rs 15,000 to Rs 100,000 (approximately more than 180 USD to 1200 USD).
