Competitive analysis of tourism market in india

It is expected to boost the tourism sector in the country and put India on the world tourism map. Factors propelling market growth include inadequate insurance benefits and no healthcare insurance in local markets, coupled with increasing demand for procedures that are not covered by insurance, such as gender reassignment surgeries, fertility treatment, dental reconstruction, and cosmetic surgery.

competitor analysis travel agency

It is not only a significant contributor to GDP and foreign exchange reserve of the country, but also it provides widespread employment. It offers a diverse portfolio of niche tourism products - cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural and religious tourism.

Growth of hospitality industry

Incredible India 2. Availability of benefits such as better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the factors driving the market. Tourism sector can also be considered the backbone for allied sectors, like hospitality, civil aviation, and transport. Description of key players is also included to efficiently gauge the competition in the market and to provide a balanced research outlook of the tourism industry. Reports Last Updated: July, India is a large market for travel and tourism. Though Thailand, Malaysia, and Singapore circuit the most favored destinations among the tourists, interest for off-track destinations are also increasing. It is the tallest statue in the World standing at a height of metre. Foreign tourist arrivals for medical purpose increased from , in to , in P.

In Thailand, cosmetic surgeries are the most preferred type of treatment, specifically in Bangkok. Not able to find data you are looking for?

Pilgrim and leisure tourism are two very important sectors.

Travel and tourism industry

Description of key players is also included to efficiently gauge the competition in the market and to provide a balanced research outlook of the tourism industry. Availability of benefits such as better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the factors driving the market. As cosmetic surgeries are not covered by most medical aid plans and are paid for out of pocket, lower costs in other countries increase the appeal for foreign patients. They save costs by travelling to destinations that perform these procedures at cheaper rates while engaging in leisure activities at the destination country. Availability of cheaper treatment options along with better quality of care is the primary factor driving preference for offshore medical tourism. The report facilitates current industry trends and forecast for foreign tourist arrivals, outbound tourists, domestic tourist visits, and several other factors crucial to future developments at regional level. Infrastructure in the hospitality sector is still a matter of concern amongst other factors like season-based tourism in some states.

The Government of India has set a target of 20 million foreign tourist arrivals FTAs by and double the foreign exchange earnings as well. They save costs by travelling to destinations that perform these procedures at cheaper rates while engaging in leisure activities at the destination country.

swot analysis of tourism industry in india

During Mayarrivals through e-tourist visa increased by Thailand has more than private hospitals and this number is expected to grow exponentially in the coming years.

Duringarrivals through e-tourist visa increased Treatment Type Insights Most patients visiting Thailand for medical procedures opt for cosmetic and bariatric surgeries.

Competition in tourism industry in india

In addition, a detailed analysis of hotel industry has also been provided. Thailand has more than private hospitals and this number is expected to grow exponentially in the coming years. Pilgrim and leisure tourism are two very important sectors. The market is expected to grow at a rapid rate over the forecast period. Availability of cheaper treatment options along with better quality of care is the primary factor driving preference for offshore medical tourism. Costa Rica is preferred by medical tourists for dental procedures. Government initiatives, both at center and state level have facilitated rapid development in the sector and are expected to continue in future as well. Treatment Type Insights Most patients visiting Thailand for medical procedures opt for cosmetic and bariatric surgeries. In the hotel and tourism sector, per cent FDI is allowed through the automatic route.

The Indian government has also released a fresh category of visa - the medical visa or M visa, to encourage medical tourism in the country.

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Medical Tourism Market Size, Share