Thus, the international inflow recovery rate might reach 84% in the second quarter of 2023 and 100% in the fourth quarter to help the total international volume to grow 195% year on year in 2023.Having high revenue exposure to international air travel , airport retailers will be the most beneficiaries of the recovery of international arrivals, according to the report.For airport, VNDIRECT held that the growth is crystal clear but might be dented since 2024 onwards due to the capacity constraints. The recovery prospect of airlines is overshadowed by high fuel price, exchange rate volatility, and rising interest rates. VNDIRECT experts also give forecast on the recovery of major air traffic markets of Vietnam.It noted that Vietnam's major air traffic markets in Southeast Asia including Singapore, Thailand and Malaysia have all fully reopened and developed bilateral tourism with the country. It expects international visits from SEA to recover to the pre-pandemic level by the first quarter of 2023.VNDIRECT also predicted that international arrivals from Europe will recover to the pre-pandemic level by the second quarter of 2023, and those from Russia by the third quarter of 2023.India is considered a potential new market for Vietnam's tourism. Vietjet Air, Vietnam Airlines, and India's IndiGo and Spice Jet have launched new routes between the two countries.
