Tales games have a few sequels but many of their titles are stand alone, Tales of Vesperia might be one of titles that get a sequel though. Namco Bandai general manager Makoto Yoshizumi said that there is a growing interest within the company to create a sequel to Tales of Vesperia. The staff often asks “Will you be making Vesperia 2?” in which he responds “Don’t talk like a fan!”
As for what point Tales of Vesperia 2 is at right now he leaves it at “We’re thinking about it.” which is always a good sign. Yoshizume said that they have a interest in creating another movie as well.