Tourism-related businesses continued to thrive during the first five months of this year, especially foreign currency exchanges, travel agencies, tour guides, restaurants, and hotel, resort and condo companies.
According to the latest data from the Commerce Ministry’s Business Development Department, the proportion of newly established businesses related to tourism accounted for 8.10% of the total, up 96.6% for the period.
Businesses involved in foreign currency exchange registered a 389% increase, followed by travel agency businesses with a 281% increase, while tour guide firms gained 225% and restaurants jumped 67.2%.
Hotel, resort and…
