Showing posts with label Industry. Show all posts
Showing posts with label Industry. Show all posts

Thursday, 31 January 2013

Medical Tourism is Good Therapy for the Hotel Industry


Bangkok, Thailand (PRWEB) April 22, 2009

Over the past decade, Asia has been the preferred destination for many people seeking less expensive but high quality medical treatments. The increase is partially due to high medical costs in western countries like the United States and United Kingdom. Specialized treatments, surgeries and therapies are being offered in Asia at a fraction of the cost, yet with bigger perks when it comes to hospitality and patient comfort. The hospitality industry has recognized this growing trend and is beginning to target travelers looking to have their treatments performed overseas. Agoda.com, an online hotel booking service, confirmed the bourgeoning nature of this type of tourism and the positive effect it has on the hotel industry.

A study by Deloitte Consulting in 2008 notes that medical tourists to Asia are estimated to reach 10 million by 2012. Asian countries like Thailand, Singapore, Malaysia are favorites among medical tourists mainly because of the significantly cheaper health care which can cost as little as 10 percent of comparable care in the US, but still provide quality treatment(s) by medical experts who have been trained in the US, UK and other western countries. Most medical tourists confirmed that the medical and travel expense combined are still much cheaper than costs incurred paying for treatments alone in their home countries.

A favorable exchange rate of the US Dollar to the Thai Baht makes medical procedures an incredible value to foreign visitors. Cheaper medical costs mean more money is available for family members and friends to accompany the patients. It’s those family and friends that seek accommodation near the hospitals so they can visit the patients yet at the same time have a comfortable stay affording them access to the rest of the city’s attractions. It seems obvious medical tourism has tertiary advantages to other travel-related industries.

Thailand is well known for its warm and generous hospitality in addition to its well-educated medical community and modern facilities; Bangkok’s Bumrungrad Hospital, whose patient-base is 50% foreign nationals, was the first to receive JCI Accreditation in Asia. Medical tourism is not only set to boom in Bangkok, but also other areas in Thailand with a high concentration of foreign tourists. Bangkok General Hospital, where Japanese and Middle Eastern nationals make up a significant portion of the inpatient list, is now present in major centers like Pattaya, Hua Hin, and Phuket.

Michael Kenny, CEO of Agoda remarked, “We are definitely seeing a rise in medical tourism to Asia. For instance, our hotel partners in Bangkok such as the Ariyasomvilla and FuramaXclusive, which are both located very close to Bumrungrad Hospital, confirmed that 30 – 40% of their guests are either medical tourists or their family members and friends. Following this trend, Agoda has made improvements to our site to make it easier to identify hotels which are near to popular hospitals, as well as negotiate long-stay discounts at a number of these hotels.”

Operations Manager of FuramaXclusive Sukhumvit, Mr. Pomchai Chairungsinun, addressed his hotel’s continuing influx of medical tourists by saying, “Medical tourist make up about 30 – 35% of our clientel each year with June, July and August being our busiest months. The majority of patients usually have families visiting and will therefore request two to three rooms. Medical tourism is highly beneficial for us, as guests will generally stay for at least a week during their checkups and treatments. Our close proximity to Bumrungrad Hospital is a big bonus for visitors to the hospital.”

Malaysia and Singapore are currently promoting their medical tourism industry as well. 35 private hospitals in Malaysia have been identified to promote Malaysia as a medical tourism destination. Hotels like the G Hotel and Berjaya Georgetown Hotel in Penang have begun promoting themselves as medical tourist-friendly hotels, taking advantage of their close proximity to significant institutions like the Gleaneagles Medical Center and Penang Advantist Hospital. Singapore uses its reputation as a clean, modern, technologically advanced country with English as a predominant language, to help calm anxieties of incoming patients looking to take advantage of their world class healthcare. As well, many hospitals are located in and around popular districts with many attractions and nearby hotels. Mount Elizabeth Hospital is located amongst the shopping of Orchard road, surrounded by 4-5 star hotels like the Elizabeth-A Far East Hotel and Meritus Mandarin.

As interest in medical tourism rises, so does the number of hospitals offering services. Unfortunately the inherent risk of choosing an institution that is merely looking to cash-in with substandard facilities increases.

“As with any industry there will be those looking to take advantage of naivety and label themselves as “the top” or “best hospital” for medical tourism. Tourists should be diligent, researching carefully the hospitals and finding out what legal framework exists to protect patient rights. Consideration for the hospital’s recognized accreditations, awards, reputation, facilities and medical staff should be also taken in to account when reviewing institutions.” Agoda’s Michael Kenny added.

With the global economy causing headaches around the world, it isn’t expected the trend of people travelling to find lower costs for medical procedures will be waning any time soon. With the high level of medical expertise, modern facilities, warm hospitality and well located hotels for relatives, SE Asian countries appear well-suited to take advantage of this continuing trend.

For more information regarding hotels near popular international hospitals in Asian countries, please go to Agoda’s website at http://www.agoda.com or contact the Agoda team via e-mail at info@agoda.com

Note to Editors

About Agoda Company Pte., Ltd. :

Agoda Company Pte., Ltd. (http://www.agoda.com) is an online hotel reservations service, which specializes in securing the lowest discount hotel prices in Asia. Agoda.com is part of Priceline.com (Nasdaq:PCLN). Agoda’s network includes over 9,000 hotels in Asia and more than 50,000 worldwide. The staff of over 300 professionals, located throughout Asia, provides a first-rate reservation service that uniquely combines local knowledge and local connections to provide the best hotel deals to both business and leisure travelers.

In addition, Agoda customers participate in the Agoda Rewards Program, earning further discounts and free stays. Unlike programs that limit travelers to a single chain, the Agoda Rewards Program allows customers to redeem Rewards Points at thousands of hotels around the globe, at any time. A member of the Pacific Asia Travel Association (PATA), Agoda’s aim is to promote travel by making it more affordable and more accessible to more people.

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Related Malaysia Medical Tourism Press Releases


Medical Tourism is Good Therapy for the Hotel Industry

Monday, 21 January 2013

Ascott"s Citadines On Bourke Melbourne Wins Silver At The Australian National Accommodation Industry Awards For Excellence

(PRWEB) July 21, 2011

The Ascott Limiteds (Ascott) first Citadines Aparthotel in Australia, Citadines on Bourke Melbourne won the Silver Award in the New Accommodation Development category at the recent National Accommodation Industry Awards for Excellence 2011 on 24 June 2011.

Presented by the Accommodation Association of Australia, the awards recognise the contribution of accommodation operators in promoting tourism in Australia. Award winners must also display a distinct level of credibility and excellence in service standards, business operations and quality management.

Mr Dean Minett, Ascotts Country General Manager for Australia, said Citadines on Bourke Melbourne offers guests a different experience from staying at a hotel or even a typical serviced residence. Guests at Citadines can experience being part of Melbournes vibrant culture and events with personalised service from staff sharing unique tips about the city.

Staying at Citadines is all about taking in the best that Melbourne has to offer. The serviced residences prime central location in the city, the unique laneway architectural design and flexible service offerings provided by Citadines on Bourke Melbourne gives our guests the complete city experience, added Minett.

This is the second prestigious award win for Citadines on Bourke Melbourne in under two months. In May this year, the property also won the Best Suite/Apartment Style Hotel at the 2011 Australian Hotels Association (AHA) State Awards for Excellence (Victorian Accommodation Division). The AHAs Awards for Excellence is one of the industrys highest honours and recognise outstanding hospitality operators for their premier standards.

The Accommodation Association of Australia Awards for Excellence 2011 had over 500 registered entrants and Citadines on Bourke Melbourne was selected as a silver winner amongst the 138 finalists in all the 30 categories. Properties were judged in equal parts by a written submission and a mystery guest assessment. Adding veracity and weight to the awards, the awards are the only annual accommodation awards to incorporate a mystery guest component in their judging process.

The businesses and people who won these awards overcame many worthy finalists and their success is a tribute to their commitment to excellence in every facet of what they do, and to the tourism industry in Victoria, said Chief Executive of the Accommodation Association of Australia, Ms Lorraine Duffy.

With over 40 years of history, the Accommodation Association of Australia is recognised as the leading authority for the accommodation sector in Australia. Members range from bed & breakfast operators to apartments, tourist parks, major international hotels and motels.

For more information on the National Accommodation Industry Awards for Excellence, please visit the Associations website http://www.aaoa.com.au

About The Ascott Limited

The Ascott Limited is the worlds largest international serviced residence owner-operator with about 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 6,000 units which are under development, making a total of more than 27,000 units.

The company operates three brands Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across 20 countries, 14 of which are new cities in Ascotts portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacifics first international-class serviced residence in 1984. In 2006, it established the worlds first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 27-year industry track record and serviced residence brands that enjoy recognition worldwide.

Recent awards include DestinAsian Readers Choice Awards 2011 Best Serviced Residence in Asia Pacific, TTG China Travel Awards 2011 Best Serviced Residence Operator in China’, Business Traveller UK Awards 2010 Best Serviced Apartment Company, Business Traveller Asia-Pacific Awards 2010 Best Serviced Residence Brand and Best Serviced Residence in Asia-Pacific and TTG Travel Awards 2010 Best Serviced Residence Operator.

About CapitaLand Group

CapitaLand is one of Asias largest real estate companies. Headquartered and listed in Singapore, the multi-local companys core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The companys real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.

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Ascott"s Citadines On Bourke Melbourne Wins Silver At The Australian National Accommodation Industry Awards For Excellence

Sunday, 20 January 2013

Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) February 06, 2012

Follow GIA on LinkedIn The world over, hospitals are focused largely on increasing efficiency and offering comprehensive services to retain existing customers and attract new ones. Growing healthcare costs have become a major concern for the government as well as hospitals and insurance companies. Escalating healthcare costs and reduced co-payments by employers for medical benefits led to the establishment of the managed care companies and HMOs, pressurizing hospitals to increase cost-effectiveness. Faced with the increasing costs and declining profits, majority of hospitals have implemented measures, such as providing alternative medicines to patients, and collaborations to form health systems to expand offerings and reduce overall healthcare costs.

Despite the economic slowdown and financial crunch, the number of new hospitals increased significantly since the year 2008. While a well-developed healthcare infrastructure exists in the developed nations, emerging economies also progressively began to make investments in the establishment of hospitals and clinics in order to increase public access to healthcare. The global economic downturn further accelerated the ongoing consolidation activity in the hospitals sector, forcing weaker organizations to merge with the financially sound hospitals.

Increasing demand for hospital beds has largely been driving the increase in the number of hospital construction projects. Additionally, higher spending on new hospital buildings, and technologically advanced equipment, is further driving the US hospital expenditure. The hospital sector continues to remain a low-profit market, characterized by the high operating costs and heightened competition among hospitals.

The hospital information laboratory systems market has been growing at a significant rate in the recent years, driven by growing need to automate electronic patient record systems for transferring patient information rapidly. The growth is also driven by the supply chain automation, which allows hospitals to simultaneously share laboratory results with many service providers. In a further embracement of technology, hospital organizations are establishing health related web portals for both internal and external uses, including connecting patients, lab results, pre-registration, and focusing on disease management and wellness.

With the increasing popularity of medical tourism, hospitals face the heat of increased competition. In an attempt to gain a competitive edge in the market, major hospital operators are focused on establishing offshore hospitals. Growth in the hospital market is expected in all major regions, with double digit growth rates projected in the Chinese and Indian markets.

The research report titled Hospitals: A Global Outlook announced by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the hospital industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Japan, Europe, Germany, the United Kingdom, Spain, Turkey, Asia-Pacific, Australia, China, India, Korea, Malaysia, Singapore, Thailand, the Middle East, and Africa. The report provides a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of the companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Hospitals_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

Wednesday, 16 January 2013

Global Car Rental Revenues to Exceed US$53 Billion in 2015, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (Vocus/PRWEB) January 20, 2011

Car rental forms a vital part of the global travel and transportation market worldwide and hence business opportunities in this market is largely tied to the fortunes of air travel industry, as a significant chunk of the markets revenues are derived through rentals at airports. Demand responses to economic ups and downs are typically amplified in this industry highlighting the level of sensitivity to the broader economy. Therefore, the slowdown in tourism as a result of the financial crisis led world economic recession has had a negative impact on market prospects for car rentals. Tourism industry, which is largely upheld by the level of consumer confidence, took a hurting blow as consumer confidence and sentiments weakened across the globe. Rising levels of unemployment, reduction in household wealth, loss of corporate travel coverage/allowances, falling disposable incomes have together led to a sharp decline in travel and tourism across the world. Global air travel, especially, took the deepest dive as reflected by the reductions in air passenger traffic, large-scale cancellation of flights and reduced number of flight trips, thus impacting airport car rental business. Since about 50% of the revenue of the car rental industry is generated from airport locations, the business suffered in line with the air travel decline. Volatile fuel prices have also resulted in consumers renting cars for shorter period of time and this coupled with the reduced average number of vehicle miles traveled, and overall decline in per capita automobile travel, made the going tough for non-airport car rental business.

Additionally, tight corporate budgets and liquidity concerns have resulted in companies halving expenditures on business travels. As a result of cost rationalization and green IT initiatives, companies resorted to videoconferencing and other such forms of business meetings to reduce expenses incurred on business trips. The emergence of Green IT as an efficient and natural solution to reduce energy costs and improve corporate environmental credibility has resulted in enterprises implementing energy efficient logistics through virtual and flexible communications, such as videoconferencing. Adoption of video conferencing has led to slimmer and leaner corporate travel budgets. Growing popularity of video conferencing, as companies search for the most cost-effective way to increase employee collaboration across time zones and geographies, will continue to challenge the car rental industry even in the post recession period.

Widespread employee layoffs undertaken by businesses to tackle rising costs stemming from redundant staff has made available pool cars for existing staff use thus eliminating the need for renting cars for ad-hoc business travels. The lull in business resulted in idling of auto rental fleets. And fleet downsizing to achieve higher utilization rates, carried out by fleet owners stranded with large auto fleet bases, resulted in flooding the used car market since one of the major suppliers of used cars is the car rental companies. This in turn brought about a sharp decline in used car prices and the ensuing increase in used car purchases created a less urgent need for renting or hiring cars. The financial hardships faced by automakers reduced the popularity of repurchase programs, forcing fleet owners to dispose used cars in the used car market, making new fleet acquisition a costlier affair. With fleet financing hard to come by, new vehicle additions and replacements in existing fleets took a blow as fleet owners focused squarely on surviving the crisis by reducing costs, rationalizing fleet sizes, shutting down non-critical location points and by increasing rental prices for leisure travel.

However, with the recession now at its tail end, the market is exhibiting early signs of recovery with Asia-Pacific leading the way, as stated by the new market research report on Car Rental Business. The rise of recession tourism, a direct fallout of the economic crisis, which encouraged a shift in preference for holiday hotspots away from popular generic retreats to low-cost countries/regions, has resulted in major car rental players focusing on developing markets such as China, India, Australia, and the Middle East. Cheap low cost tourism in developing countries like India, Indonesia, and Malaysia, among others, witnessed growth over the last two years. The United States, which pioneered the car rental business, is the largest regional market in terms of revenues generated. Faced with stagnating opportunities in the car rentals space, fleet operators in the domestic market are foraying into the car sharing market. Companies are also toying with the idea of introducing no-show fees in the country, a concept that is already widely popular in the European market. The upcoming years will witness steady recovery in growth patterns in line with the recovery in the airline industry. The US market for airport car rental is forecast to cross US$ 10 billion mark in the next few years.

Europe, the second largest market, also witnessed decline in revenues during the recession, leading to market players curtailing their fleet size. However, tourist declines did not decrease in proportion to the decrease in fleet sizes, leading to shortage of rental fleet at many popular tourist sites, particularly in countries such as Spain and Portugal. This resulted in almost doubling up of spot prices for rentals, a positive development for the beleaguered players. European market for leisure car rental is projected to reach US$ 6.9 billion by 2013.

Major players in the market include Avis Budget Group, Dollar Thrifty Automotive Group, Enterprise Holdings, Europcar, Payless Car Rental, Rent-A-Wreck of America, Sixt Aktiengesellschaft and The Hertz Corporation.

The research report titled Car Rental Business: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ Million for major geographic markets including the US, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America and the Middle East. Segments analyzed include by rental locations (airport and non-airport), and by sectors (Leisure, Business and Insurance Replacement).

For more details about this comprehensive market research report, please visit http://www.strategyr.com/Car_Rental_Business_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press(at)StrategyR(dot)com

Web Site http://www.StrategyR.com/

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Global Car Rental Revenues to Exceed US$53 Billion in 2015, According to New Report by Global Industry Analysts, Inc.

Wednesday, 9 January 2013

Global Specialty Tourism Sector is Poised for Steady Growth, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) February 10, 2012

Follow us on LinkedIn Tourism industry dynamics are significantly influenced by the highs and lows of the global economy as it affects the level of consumer confidence. As travelers from the developed nations make up for a large proportion of total tourists, the industry was hit hard by the recession that engulfed the global economy. Rise in unemployment rates, salary cutbacks and reduction in travel-related programs by businesses led to a considerable decline in number of tourists, thereby affecting the overall revenues. The effect was also evident on various sectors including leisure and business tourism, incentive travel, cruise tourism and shopping tourism, all of which witnessed a significant decline. A large number of regular travelers reduced their traveling frequencies, while new and prospective travelers deferred their travel plans. However, some tourism segments, specifically medical tourism, continued to grow despite the financial crisis. The tourism sector recovered in 2010 and exhibited growth in 2011 with consumer confidence and enthusiasm heading back to pre-recession levels.

Over the years, Specialty Tourism has responded to publics interest in educational, health and active tours. Changes in technology, society and economy have led to increased ease in traveling. Traveling has become cheaper and convenient with the availability of more airplanes, air routes, surface vehicles, and roads. In addition, abundant and easily accessible information is provided to travelers. The specialty tourism market is expected to exhibit continuous growth in the coming years and become the dominant segment of the overall tourism industry.

Medical tourism is one of the fastest growing sectors in the tourism industry. Increasing health awareness levels, low medical costs, less waiting time are driving medical tourism, with a significant portion of the tourists flow directed towards developing nations such as India, Brazil and Thailand, among others. Asia-Pacific medical tourism industry accounts for a significant portion of the worldwide medical tourism market, with the region attracting travelers from Europe, North America and Australia largely due to the cost factor. The availability of well-qualified and skilled medical professionals and advanced medical techniques favors the regions growth as the hub of medical tourism. Adventure tourism is another key sector of the leisure travel market, which includes a variety of outbound activities such as such as scuba diving, rock climbing, canoeing or kayaking, paragliding, mountaineering and windsurfing. Growth in the sector is driven by an upsurge in the number of enthusiasts venturing into adventure sports.

The research report titled Specialty Tourism: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global specialty tourism sector, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include the US, Canada, Mexico, Japan, France, Germany, the UK, Russia, China, India, Brazil, Thailand and Malaysia among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Specialty_Tourism_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Global Specialty Tourism Sector is Poised for Steady Growth, According to New Report by Global Industry Analysts, Inc.