ASSOCHAM - CWG 2010 to Spur Indian Tourism Industry Growth

Released on = April 19, 2007, 2:02 am

Press Release Author = Shushmul Maheshwari

Industry = Transportation & Logistics

Press Release Summary = India, the host country for Commonwealth Games 2010, is
expected to see tremendous growth in its tourism industry during the event, as per

Press Release Body = “Commonwealth Games 2010” is going to be an even
that’ll spur boom in hotel, airline, tour and travel industry as well as in
neighboring states, as per ASSOCHAM (Associated Chambers of Commerce & Industry of
India) report. Delhi Newsline reported this on March 26, 2007.

With more than ten million foreign visitors coming to India to watch the event,
profits would surely go up, stated a forecast-paper on ‘Aftermath of CWG
(Commonwealth Games) 2010’. As a result, India’s share of foreign
tourist would go up almost 1.5% in 2010 whereas the share was just 0.52% in 2006.

The ASSOCHAM report further projected, the “sporting-event” alone would
generate additional job opportunities for more than 5 lack workforce in industries
such as hotels, airlines, airports, flyovers, tour operators, besides eco tourism
and medical.

Indian hotel industry, currently having occupancy rate of 70%, will observe a good
growth of 20% during the event from its current growth rate of 12%. This industry
contributes nearly US$ 3-5 Million to exchequer annually, and its contribution is
expected double up in 2010 as several hotels come up, the report states.

As per ASSOCHAM, already there’re 70 new hotel projects that are under various
phases of development. They are expected to add about 19,000 rooms by the year 2010
with some leading hoteliers searching for “ideal” sites in Delhi & NCR
to set up their chains.

Medical tourism is going to be another lucrative area, as it’s anticipated to
attract tourists from South Africa, UK, Canada and Malaysia. “It is expected
to grow into a US$ 1.5 Billion business by 2010”, Karnataka, Andhra, and
Maharashtra will be the key states tapping the flow of tourists arriving for various
treatments during the event, added the report.

As per the RNCOS report “Opportunities in Medical Tourism in India
(2007)”, with increasing number of medical tourists flocking towards India,
medical tour operators will have immense opportunities to grab their own share of
financial profits by way of fees-based agreement with the hospitals. Also,
Commonwealth Games in 2010 will prepare a prefect platform for the Indian medical
tourism industry to showcase its potential and transform the temporary earnings
during the event into a permanent, long-term business.

This research report on “Opportunities in Medical Tourism in India
(2007)” provides extensive research and objective analysis on the Indian
Medical Tourism Industry. This report addresses some issues for today’s global
business environment such as healthcare infrastructure, and cost differential in
India as compared to major economies of the world.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

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Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92

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