Everywhere there was panic of financial crisis in Eastern Asia South Korea, Japan to Philippines were the major tourism country affected by the global financial crisis. One of the biggest tourism markets is Philippines; many tourists from South Korea come to that place. But this year rate declined by 9.4 %.. China contribution to the to the Philippines tourism industry is nearly about 15 %.
Global crisis is the main reason for the decline of the tourist inflow which leads to the several damped consumer sentiments leading to the reduction in the tourism. Japan and South Korea are the top markets that represent from were maximum number of tourist arrive to Philippines. Hotel, travel and other industry comprises are the part of Hospitality industry are the most expensive industry of compare to other industry in Asia.
It is very tough phase for Filipino tourism industry as foreign tourist arrives dropped admits unfavorable business condition. As the hotel prices are relatively higher in the Philippines than other Asian countries, the government should encourage construction of new hotels and other tourism-related establishments. Construction of new hotels will spur price competition and increase the availability of rooms, which, in turn, will push the foreign tourist arrivals in the country.”
South East Asia which include India, Pakistan, Nepal and Bhutan. India is now become the largest foreign tourist destination but Indian tourism industry is also affected by terrorism, undeveloped infrastructure facility. Nepal and Bhutan is also not getting the importance among the foreign tourist.
India has big advantage of large number of efficient doctor, surgeon and world class medical facility, and most important is that cost of medical expenses is comes one third in compare to US and any European countries. So, different patients from all part of the world come to India .Indian Govt. also develop different infrastructure facility to become one of the important medical tourism destinations in the world.
China and Thailand are two big competitors in the same field. China has good number of physician but there is not world class facility available second Chinese are not able to speak English as fluently like Indian .Thailand has all the option to attract the new medical tourist.