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| 12. |
Management can Pull off Crisis-laden Egyptian Tourism Sector, Experts
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The Egyptian tourism industry has seen tremendous growth in the past few years and is expected to continue to grow at a fast pace in coming years too. But the ongoing global financial meltdown has posed a challenge before the Egyptian economy, including its tourism industry, the biggest source of foreign currency for the country.
The current financial crisis is taking the whole world in its grip, including Europe, a major source of tourists for Egypt. Economic crisis has constricted the disposable income of Europeans, and thus, they are staying away from leisure activities like tourism. And Egypt is feeling the heat of this crisis. It is expected that the country will see a decline of around 10 to 15% in reservations for this Christmas against last Christmas.
According to our new research report, “Egypt Tourism Sector Analysis”, tourist arrivals in Egypt are expected to grow at a CAGR of nearly 6% during 2008-2012, whereas between 2003 and 2007, tourist arrivals grew at a strong CAGR of 16.63%.
Thus, coming years will prove quite intimidating for the Egyptian tourism industry. However, the impact can be considerably cooled down by following proper management approach.
According to a Senior Research Analyst at RNCOS, “Egyptians are not considered on the higher end of valued commodities in terms of services and goods. It means that the country should focus more on mid-level tourism and eco-tourism against five-star quality services. And as recession is deepening, tourists are searching for cheaper and affordable alternatives for vacations, such as Basata – a cheap tourist place on Sinai Peninsula. Egypt is among the lowest cost tourist destinations on the Mediterranean coast. So currently, the country is at the lower end of mass tourism, and it can take full advantage of this strength by giving increased stake to local communities in the tourism sector and thereby generate more revenue from it.”
“Egypt Tourism Sector Analysis” contains in-depth information on the present status and future outlook of the growing tourism industry of Egypt. It gives detailed analysis along with statistical data on various parameters such as inbound & outbound tourism, accommodation facilities, transportation facilities, aviation industry and expenditure by outbound & inbound tourists.
For more information visit: http://www.rncos.com/Report/IM538.htm
Current Industry News: http://www.rncos.com/Blog/
Date Added: Jun 9, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 13. |
RNCOS Releases a New Report- Indian Tourism Industry Analysis
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RNCOS has recently added a new Market Research Report titled, "Indian Tourism Industry Analysis" to its report gallery. The report provides an insight into the Indian tourism market. It evaluates the past, present and future scenario of the Indian tourism market and discusses the key factors which are making India a potential tourism destination. With focuses on different parameters of tourism industry, including inbound tourism, outbound tourism, expenditure by inbound tourists, medical tourism, and hotel industry, the report gives a thorough analysis on the tourism industry in India.
According to the report, India represents one of the most potential tourism markets in the world. It has expanded rapidly over the past few years and underpinned by the government support, rising income level and various international sports events, the Indian tourism industry will continue to grow at the fastest pace in the coming years. However, the industry may have to cope up with several challenges which will limit its growth.
Key Findings
- India is expected to see an influx of 10 Million international tourists by 2010, up from just 5 Million in 2007.
- Andhra Pradesh, Uttar Pradesh, Tamil Nadu, Karnataka and Rajasthan are the leading tourism destinations in India in terms of total tourist arrivals.
- India has been promoting its healthcare tourism by providing the visitors with private healthcare facilities. It is expected that the total market for medical tourism will reach US$ 2 Billion by 2012, representing a CAGR of 60.69%.
- Personal disposable income during 2002-2007 grew at a CAGR of 14.16%, thereby driving domestic as well as outbound tourism.
- Indian outbound tourist flow is expected to increase at a CAGR of 13.30% over the five-year period spanning from 2008 to 2012.
- India’s share in the global tourism is expected to reach 1.5% by 2010.
- The growth in India’s tourism market is expected to serve as a boon, driving the growth of several associated industries, including hotel industry, medical tourism industry and aviation industry.
Key Issues & Facts Analyzed
- What is the current state of the tourism industry in India?
- What are the emerging trends in the tourism sector?
- Which are the leading tourism states?
- What is the future outlook of the tourism industry?
- Which factors are driving the Indian tourism industry?
- What is the scenario of the hotel industry in India?
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, by monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM115.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
Date Added: Jun 20, 2009 Hits: 0 Rating: 5.00 Votes: 1
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| 14. |
Signs of Downturn in Russia Come with Hope
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Russia, February 2009: Moscow has experienced the first signs of the economic downturn, with a five-point drop in chain hotel Occupancy Rate (OR) for 2008, reaching 70%.
Average Daily Rate (ADR) ended the year at €251, only a 5% increase compared to 2007, whilst Revenue per Available Room (RevPAR) decreased slightly to €175.
“These performance indicators released by our market monitoring database, Hotel CompSet, clearly illustrate the first phase of the downward cycle. Although Russia is an emerging market for hotel developers, and indeed will become a goldmine destination in the years ahead, the economic crisis has hindered performance in 2008,” stated Director of Development, MKG Hospitality, Vanguelis Panayotis.
This drop in OR was also fuelled by many new hotel openings in 2008, increasing competition. “Soon we will see ADR decreasing, as demand will continue to be low and hoteliers will be pushing to fill their rooms. This of course will ultimately drive RevPAR down,” added Panayotis.
According to MKG Hospitality, the economy should slowly recover in 2010-onwards, and when it does, the country will see many major hotel developments.
Hilton is one of many hotel brands who have identified Russia as a key market, with major plans for the future. “Russia represents one of the greatest potential for hotel growth in the world today and we are certainly entering at a pivotal time in its economic development. Over the next ten years, we anticipate that we could see more than 70 Hilton Family hotels across key Russian cities and regional centres,” revealed Vice President Development for Northern Europe, Hilton, Mike Collini.
According to Collini, Hilton will achieve this growth target by working with local developers and hotel owners, through a combination of management and franchise agreements.
Accor is another group with high hopes for the Russian market. “We are one of the few companies that truly believe in the Russian market,” remarked Director of Operations for Russia and CIS, Accor, Alexis Delaroff.
“We will have one or two hotels in each city with more than one million inhabitants. We are also looking at niche cities, where industrial and/or touristic potential is promising. We have over 30 signed contracts all over Russia – from Kaliningrad to Irkutsk, and from Murmansk to Sochi. This is the strength of our portfolio of brands that allow us to find an answer to each specific request of each specific location,” added Delaroff.
Opportunities seem to be greater in key cities such as Moscow and St Petersburg, as well as up-and-coming leisure destinations such as Sochi and the Black Sea coast. Then there is potential in over 30 key regional cities, such as Kazan, Ekaterinburg, Ufa and Perm – particularly for Midscale hotel products.
“Due to the lack of quality hotel guestroom supply, pretty much all regions have very strong potential for development. It is in the economically vibrant industrialised cities where the best potential lies, which is also the basis of our selection criteria for deciding where to go,” explained Senior Vice President Business Development, Rezidor, Arild Hovland – currently the largest hotel operator in Russia with 3,786 rooms in operation.
Improved accessibility from key feeder markets, such as Western Europe and the US, combined with increased wealth and mobility of domestic travellers are all key factors for the growth in Russia’s tourism and hotel industry in recent years. The country’s economic growth over the last decade is also fuelling major infrastructure projects for foreign investors, whilst opening new doors for MICE business.
“MKG expects big things from this market in the near future. Although the current economic crisis has hindered the pace of development, as it has throughout the world, new opportunities have emerged, suggesting that the right time to enter the race might be now,” said Senior Consultant and Director of MKG Hospitality’s office in charge of Russia, Colette Ambiehl.
With the rise of local brands and the growing interest of international chains, including Hilton, Accor and Rezidor, Russia promises to be the world’s next major playground for hotel investors. Together with an accommodation undersupply, short payback periods and high average daily rates, the country remains a very lucrative market.
“Once economic recovery kicks off, there is likely to be built-up demand. At very least, companies should be well-prepared and ready to go,” concluded Ambiehl.
- ends -
About MKG Group
Established in 1985, MKG Group has built a reputation for solid business expertise and substantial know-how in the fields of tourism, lodging and food service. MKG Group meets the needs of each of its clients by providing the valuable analytical and decision-making skills necessary for success. www.mkg-group.com
Methodology & Innovation
With a team of over 60 experienced consultants, as well as advanced research and analytical tools and applications, MKG Hospitality provides unique savoir-faire in four major areas of expertise: Market Research; Financial Feasibility Studies; Consulting; and Sector publications.
MKG Hospitality is a global leader in tourism, hotel and catering consulting, with the largest database in the world (outside the US), representing all segments from budget to upscale hotels. MKG’s customised database, Hotel CompSet, contains a sample of over 200 brands and 11,000 corporate chain hotels, representing more than one million rooms. Hotel CompSet provides daily, monthly and yearly monitoring of hotel indicators and analyses of its sample. www.hotelcompset.com
Together with other specialised brands, MKG Qualiting, OlaKala, Worldwide Hospitality Awards, Global Lodging Forum, HTR Magazine and Hotel Restau Hedbo, MKG Group supports investors, small or large, hoteliers and key tourism players improve performance, boost productivity and achieve optimal results.
For further information, please contact:
Media Contact
MKG Hospitality
Tel: +357 22 44 23 21
Fax: +357 22 31 30 23
E: press@mkg-group.com
Web: www.mkg-hospitality.com
Database Department
MKG Hospitality
Tel: +33 1 56 56 87 87
Fax: +33 1 56 56 87 88
E: bdd@mkg-hospitality.com
Web: www.mkg-hospitality.com
Date Added: Jun 20, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 15. |
Egypt Still a Hot Tourist Destination in 2009
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According to our new research report, “Egypt Tourism Sector Analysis”, promotional activities by the government and increasing popularity of its ancient sites is driving the tourism industry in Egypt. Despite the shady outlook for the world economy, tourist arrivals in Egypt rose sharply by around 19% to 13 Million in 2008 while income from tourism was around US$ 11.6 Billion, which is huge 23% up from 2007.
As per the report, Egypt's immense archaeological richness is luring the tourists from around the world. The enduring fascination, particularly in Europe and the US, with the pharaonic era of Egypt's past is a major pull. The Giza pyramids are one of the world’s must-see sites, and the tombs and temples of Luxor and Abu Simbel are globally renowned. Other pharaonic sites along the Nile Valley are driving the tourism industry in Egypt. In fact, the country has started state-of-the-art Nile Cruises to attract tourists to take a look at Luxor and Aswan.
Banking on its ancient civilization and cultural richness, the Egyptian Ministry of Tourism is adopting aggressive marketing campaigns to promote its tourism industry internationally. It has led to an increase in the number of tourists in the past years. The Ministry is promoting the country under the slogans “The Gift of the Sun” and “Egypt… the Incomparable” and is aiming to a greater number of visitors from Europe. Other promotional campaigns have also been engineered both locally and overseas to attract tourists from around the world. For example, due to strong promotional campaigns, tourists from the US reached 319,000 in 2008, 17% higher over the previous year.
“Egypt Tourism Sector Analysis” provides in-depth analysis of the present and future prospects of the Egyptian tourism industry. It looks into Egyptian tourism sector in detail with the focus on different parameters like inbound and outbound tourism, expenditure by inbound and outbound tourists, accommodation facilities, transportation facilities and aviation industry. It provides strategic insight to clients to evaluate the opportunities for their success in the Egyptian tourism industry.
The study gives forecast on international tourist arrivals by country, international tourism receipts, international tourist departures, outbound tourism expenditure, and capital investment in travel and tourism industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM538.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
Date Added: Jun 20, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 16. |
Medical Tourism to keep Singapore Tourism Industry Healthy
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A new market research report, “Opportunities in Singapore Tourism Industry (2007-2009)”, recently released by RNCOS says that the promising medical tourism market will boost the growth into Singapore’s tourism industry and the total international tourist arrivals will cross the 14 Million mark by 2012.
The report identifies that growth in medical tourism industry is one of the significant drivers of the tourism industry in Singapore. In Asia, Singapore stands at number two spot both in terms of medical tourist arrivals and revenue generated from medical tourism. The cost of healthcare in Singapore is substantially higher than other regional destinations; however, the country has better infrastructure and regulations as compared to other countries.
Singapore has the widest range of top quality healthcare services, large number of affiliated top medical institutions, accommodation choices and leisure services to meet the individual needs of tourists. In 2006, the country had a total of 29 hospitals/specialty centers with bed capacity of 11,527. There were 6,931 doctors and 15,452 registered nurses in Singapore. Revenues from Singapore medical tourism industry will grow strongly at a projected CAGR of 9.1% between 2007 and 2012, and will register US$ 1.7 Billion in total revenues, as per the report.
“Opportunities in Singapore Tourism Industry (2007-2009)” provides extensive research and rational analysis on various aspects of Singapore’s tourism industry and underlines the key issues related to it. The overview on opportunities and future forecast will help the clients to analyze the future course of direction and major growth areas of the tourism and related industries.
This research supplements the past and current information with statistical data. It gives in-depth analysis on inbound and outbound tourism in the country. It also covers the performance of other related industries like hotel and transportation industry. The research also includes forecast on various important industry aspects, like tourist arrivals, tourism receipts, outbound tourism, outbound tourism expenditure, medical tourism industry, and MICE industry (Meetings, Incentives, Conventions, Exhibitions).
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM504.htm
Check DISCOUNTED REPORTS on http://www.rncos.com
Date Added: Jun 20, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 17. |
Promotional Campaigns Increase Tourists Inflow in Vietnam
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According to our new research report, “Vietnam Tourism Industry Forecast to 2012”, the total tourist arrivals in Vietnam is anticipated to reach around 5.5 Million by 2012, growing at a CAGR of around 7%, on account of the Vietnamese government promotional activities running worldwide.
Vietnam National Administration (VNAT) has been aggressively running various marketing campaigns that contributed to the exponential rise in tourist arrivals in the past few years, said RNCOS report. The VNAT is promoting the country under the slogan "Vietnam--the hidden charm" in the action plans for 2006-2010 to increase the number of visitors from Europe. Besides, other promotional campaigns have been engineered both locally and overseas to attract tourists from all corners of the world.
In wake of volatile world economy which is affecting the international tourism, Vietnam has reduced prices for many tours by 30-50% to boost the tourist inflow in the country. Moreover, Vietnam hosted the 28th ASEAN Travel Forum (ATF), the annual event for all Southeast Asian nations, for the first time in January 2009. The event provided a perfect platform to Vietnam to show how much the country has changed and how ready it is to exploit the tourism industry.
“Vietnam Tourism Industry Forecast to 2012” provides an in-depth analysis of the present and future prospects of Vietnamese tourism industry. It looks into the tourism industry in detail with focus on different parameters like inbound & outbound tourism, expenditure by inbound & outbound tourists, domestic tourism, accommodation facilities, transportation facilities and aviation industry. The report provides strategic insight to clients to evaluate opportunities critical for their success in the Vietnamese tourism industry.
The research also provides forecast on various segments of the industry, including forecast on tourist arrivals in ASEAN countries, international tourist arrivals, international tourism receipts, international tourist departures, domestic tourist arrivals, rooms in hotels & guest houses, hotel rooms in Hanoi, outbound tourists from China, personal disposable income, GDP real change and population breakup of Vietnamese.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM003.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
Date Added: Jul 13, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 18. |
Trekking in Nepal
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Trekking in Nepal is a paradise, as Nepal has been known to be the best destination for trekkers in the world. Nepal has some of the most spectacular, exciting and breathtaking trekking that nowhere can be found in the world, therefore, Trekking in Nepal is the special for mountain lovers, to those who would like to discover the diverse range of flora and fauna, varieties of the culture or simply to have special holidays in the majestic mountains.
Trekking in Nepal has known for 100 years, as the trekkers come to view the diverse lifestyle of the inhabitants in the mountain regions. No doubt, the hospitality of the people living the Himalayas enchants trekkers in such a way that they come again and again and have fondest memories of Nepal throughout their life.
Nepal is a country of friendly people belonging to many different ethnic groups, each having their own variety of culture, religion, festivals and castes etc.
Nepal owns the lowest elevation to the highest peak of the earth. Furthermore, of the 14 highest peaks above 8,000m in the world, Nepal owns over eight the highest mountains and over 1300 peaks above 6,000 m. Therefore, while you have a trekking in Nepal, you have a chance to explore these giant Himalayas on foot, there is no doubt that you will be exhilarated while you have holidays in Nepal.
Furthermore, most of trekking regions of Nepal are encompassed by national parks, which have a diverse range of wildlife, including rare and endangered species. So, when you have trekking, if you are lucky you may even spot tigers or elusive snow leopards in the Himalayan area.
Your trekking involves walking through diverse forests, from sub tropical to alpine as well as different landscapes, lush alpine meadows and rocky snow covered passes, ice falls, glaciers, high altitude and frozen lakes. Therefore, Nepal can be the best destination to spend your holiday with much thrill.
Date Added: Jul 13, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 19. |
RNCOS Releases a New Report- Turkey Tourism Industry Forecast to 2012
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RNCOS has recently added a new Market Research Report titled, "Turkey Tourism Industry Forecast to 2012 " to its report gallery. Turkish tourism industry has reported remarkable growth over the past few years. The country received more than 26 Million international tourists during 2008. These numbers are expected to grow, despite the current economic crisis, says “Turkey Tourism Industry Forecast to 2012”, a new report from RNCOS.
According to the report, country is becoming a popular destination for health care tourism especially for the European citizens. A part form health tourism other forms of tourism is also becoming popular in Turkey. Factors like rapidly growing income levels, government support and strategically location between the three continents are anticipated to drive the future growth of the tourism industry.
Our report “Turkey Tourism Industry Forecast to 2012” provides an insight into the Turkish tourism market. It evaluates the past, present and future scenario of the tourism market in Turkey and discusses the key factors which are making Turkey a potential tourism destination. This report provides strategic insight to the client, to evaluate the opportunities for their success in the tourism industry of Turkey. With focuses on different parameters of tourism industry, including inbound tourism, outbound tourism, expenditure by inbound tourists, medical tourism, and hotel industry, the report gives a thorough analysis on the tourism industry in Turkey.
The research report provides the detail analysis of the forces that are fuelling the growth in the Turkish tourism industry. The research also covers the overview of the Middle Eastern tourism industry, helping the clients to evaluate and analyze the present and future position of Turkish tourism industry in the region.
The report provides 4-year industry forecast (2009-2012) on various segments of tourism industry based on feasible tourism industry environment in the Turkey. These include:
- Tourist Arrivals in Middle East
- Tourists Arrival in Turkey
- Tourism Receipts
- Outbound Tourism
- Outbound Tourism Expenditure
- Consumer Expenditure in Hotels & Restaurants
- Number of hotels by 2010
The report provides an insight of key players in the tourism industry of Turkey including, Hilton Hotels Corporation, Accor Hotel Group, Marriott International, Inc., Turkish Airlines, Air France-KLM, EgyptAir Holding Company, Emirates, Dedeman Hotels & Resort and Ihlas Holding A.S.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM009.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
Date Added: Jul 27, 2009 Hits: 0 Rating: 0.00 Votes: 0
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| 20. |
Vietnam Tourist Arrivals to Surpass 5 Million by 2010
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According to our new research report, “Vietnam Tourism Industry Forecast to 2012”, various initiatives taken by the government and increasing number of Chinese tourists will fuel growth into the tourism industry of Vietnam. The total tourist arrivals to the country are forecasted to reach around 5 Million by 2010.
As per the research report, increase in the number of tourists over the past years has mainly been driven by aggressive marketing campaigns by the government of Vietnam along with Vietnam National Administration of Tourism (VNAT), aimed at promoting the country’s tourism industry. Besides this, in order to minimize the impact of recession and attract more foreign visitors to the country, Vietnam is going to organize a “Sea Festival”, which will be held in Paris, in the last week of April 2009.
The research report says that China has been the largest tourism market of Vietnam for past several years. In 2008, Vietnam received 650,055 Chinese tourists which represent more than 15% of its total international visitors. To further boost the number of tourists, the government has recently given a green signal to the Chinese tourists who hold passports to travel to Vietnam after three years of postponement. Government of Vietnam is also opening various sea tourism routes linking with China.
Our research report “Vietnam Tourism Industry Forecast to 2012” provides an in-depth analysis of the present and future prospects of Vietnam’s tourism industry. It looks into the tourism industry of Vietnam in detail with the focus on different parameters like inbound and outbound tourism, expenditure by inbound and outbound tourists, domestic tourism, accommodation facilities, transportation facilities, and aviation industry. This report provides strategic insight to clients to analyze the opportunities for their success in the Vietnamese tourism industry.
The research also features forecast on the factors critical to the industry, including forecast on tourist arrivals in ASEAN countries, international tourist arrivals, international tourism receipts, international tourist departures, domestic tourist arrivals, rooms in hotels and guest houses, hotel rooms in Hanoi, outbound tourists from China, personal disposable income, GDP real change, and breakup of Vietnamese population.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM003.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
Date Added: Jul 27, 2009 Hits: 0 Rating: 0.00 Votes: 0
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