Home | Sitemap | Archives | Advanced Search

Change font-size

Industry > Tourism & Hospitality

Automobiles
Auto Components
Aviation
Banking
Biotechnology
Cement
Financial Services
Food Industry
Gems and Jewellery
Healthcare
Information Technology
Insurance
IT enabled Services
Media & Entertainment
Oil & Gas
Others
Pharmaceuticals
Real Estate
Retail
Semiconductors
Steel
Textiles
Telecommunications
Tourism & Hospitality

Tourism & Hospitality

Last Updated: February 2010

Medical Tourism
Despite the economic slowdown, medical tourism in India is the fastest growing s
egment of tourism industry, according to the market research report â Booming Medic
al Tourism in Indiaâ . The report adds that India offers a great potential in the m
edical tourism industry. Factors such as low cost, scale and range of treatments
provided in the country add to its attractiveness as a medical tourism destinat
ion.
In addition to the existence of modern medicine, indigenous medical practitioner
s are providing their services across the country with more than 3,000 hospitals
and 726,000 registered practitioners catering to the needs of traditional India
n healthcare. A number of Indian hotels will tie up with professional organisati
ons in a range of wellness fields to enter the wellness services market.
According to a report by RNCOS, medical tourism will grow at a CAGR of over 27 p
er cent in the period 2009â 12 to generate revenues worth US$ 2.4 billion by 2012.
The number of medical tourists is anticipated to grow at a CAGR of over 19 per c
ent to reach 1.1 million by 2012. The report adds that Indiaâ s share in the global
medical tourism industry will climb to around 2.4 per cent by the end of 2012.
Hospitality
The Indian hotel industry is adding over 90,000 more rooms across the country in
the next five years to meet the demand. The contribution of the hotel industry
to the countryâ s GDP was 6.1 per cent in 2008-09.
* Carlson Group, the global hospitality chain, is bringing its luxury hotel
brand Regent to India and has signed an agreement with real estate firm, Pioneer
Urban Land and Infrastructure, which will invest US$ 49.97 million for building
the first Regent hotel in Gurgaon that will open in 2013.
* The Leela plans to open six more properties by 2013, taking the total numb
er of hotels to 12.
* ITC Ltd expects to add 8-10 hotels in India in the next 3-5 years to the e
xisting 110 that it currently operates.
* The Thailand-based hospitality major, Amari, plans to foray into the India
n market by setting up seven four-star hotels near major airports in the country
.
The Road Ahead
According to the latest Tourism Satellite Accounting (TSA) research, released by
the World Travel and Tourism Council (WTTC) and its strategic partner Oxford Ec
onomics in March 2009:
* The demand for travel and tourism in India is expected to grow by 8.2 per
cent between 2010 and 2019 and will place India at the third position in the wor
ld.
* India's travel and tourism sector is expected to be the second largest emp
loyer in the world, employing 40,037,000 by 2019.
* Capital investment in India's travel and tourism sector is expected to gro
w at 8.8 per cent between 2010 and 2019.
* The report forecasts India to get capital investment worth US$ 94.5 billio
n in the travel and tourism sector in 2019.
* India is projected to become the fifth fastest growing business travel des
tination from 2010-2019 with an estimated real growth rate of 7.6 per cent.
* Preparing for the 2010 Commonwealth Games in Delhi, the Tourism Ministry i
s exploring the provision of tented accommodation to tourists in Faridabad and S
urajkund in nearby Haryana.

Pages: [ 1 ] [ 2 ]

Disclaimer: This information has been collected through secondary research and I
BEF is not responsible for any errors in the same.
 Related News
Global hotels home in on India
Inbound tourism gets a boost in February
Karnataka Tourism dept releases master plan
Malaysia expects 650,000 visitors from India in 2010
'India is the second-fastest growing tourism mkt'
South Africa woos Indian tourists
Choice Hotels buys out India biz
More>>

Related Resources
Healthcare
More>>

Related Websites
Federation of Hotel and Restaurant Associations of India
Department of Tourism
Palace on Wheels
Hotel Association of India

IBEF Newsletter

Bookmark with: What are these?

Delicious Delicious Digg Digg reddit reddit Facebook
Facebook StumbleUpon StumbleUpon
India at a glance | Trade and Economy | Industry | India Resource Centre
| States | News | Events | Brand India | About us
Home | Sitemap | Contact us | Privacy Policy | Disclaimer
Copyright © 2010-2015 India Brand Equity Foundation
All material, information, data, images or content on this website is subject to
copyright or other applicable intellectual property laws and no part of it can
be reproduced in any form (including paper or electronic form) without prior wri
tten consent and approval from IBEF. Infringements are subject to prosecution un
der the applicable laws. For consent related queries and conditions, please writ
e to ceo@ibef.org.
An initiative of the Ministry of Commerce & Industry, Government of India
C/o Confederation of Indian Industry
India at a Glance
India and the world
Trends
India Directories
General Election 2009
India & Japan
India & ASEAN
India & China
India & US
Corporate Social Responsibility/Human Resource
Sustainable Development
Indian Economy Overview
Trade and External Sector
Domestic Investments
Indian Investments Abroad
Agriculture
Manufacturing
Infrastructure
Services
Consumer Markets
Union Budget 2010-11
Railway Budget 2010-11
Economic Survey 2009-10
FDI
FII
Ports
Power
Railways
Roads
Marketing and Strategy
Rural Market
Urban Market
Automobiles
Auto Components
Aviation
Banking
Biotechnology
Cement
Financial Services
Food Industry
Gems and Jewellery
Healthcare
Information Technology
Insurance
IT enabled Services
Media & Entertainment
Oil & Gas
Others
Pharmaceuticals
Real Estate
Retail
Semiconductors
Steel
Textiles
Telecommunications
Tourism & Hospitality
The Unstoppable Indians
Research
Contribution of Indian Industry to the US Economy
India Now Magazine
Experience India CD
Experience Indian Healthcare brand kit
Interviews
Speeches
Quick Facts
Quotable Quotes on India
Andhra Pradesh
Bihar
Chhattisgarh
Delhi
Gujarat
Goa
Haryana
Himachal Pradesh
Jammu & Kashmir
Jharkhand
Karnataka
Kerala
Madhya Pradesh
Maharashtra
North East States
Orissa
Punjab
Rajasthan
Tamil Nadu
Uttarakhand
Uttar Pradesh
West Bengal
Today's News
Policy Watch
IBEF Newsletters
Press Releases
Past Spotlights
Forthcoming Events
Past Events
India Brochure
India Films
Images
Posters
Panels
What is IBEF?
Brand Development
India Resource Centre
Research & Publications
IBEF Annual Report
Board of Trustees
Our Partners
IBEF Logo
Contact Us