Domestic Tourism Boost over Outbound in Colombia: Ken Research


Key Topics Covered in the Report

  • Detailed profile of Travel &Tourism sector in Colombia
  • Historic & Forecast tourist trips across various categories: domestic, inbound, and outbound tourism
  • Assessment of tourist spending patterns on various tourism related services
  • Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type -leisure and business travellers
  • Demand-side dynamics, Growth opportunities and Challenges in Colombia’s Travel & Tourism sector
  • Regulatory framework applicable to Travel & Tourism sector in Colombia

Ken Research announced its latest publication on, Travel and Tourism in Colombia to 2020, offer insights on the changing trends and key issues within the Travel & Tourism Sector in Colombia. The publication includes an insightful analysis of demand-side dynamics, tourist flows, expenditure patterns, tourism related intermediate industries along with emerging growth opportunities and challenges inthe Travel & Tourism Sector in Colombia. The analysis of the aforementioned trends has been done across key categories within the sector: domestic tourism, inbound tourism, and outbound tourism. The report also includes analysis of trips by purpose, mode of transport andcustomer type-leisure and business travellers.

Economic Environment of Colombia

Colombia is one of the fastest growing countries in the South American Region. Colombian economy ranks third in the region after Brazil and Argentina.Colombia is prominent member of Pacific Alliance trade pact. Over the last five years, the economy has shown strong performance on account of macroeconomic stability and fiscal management; growing at an average annual rate of 5%. Recent reforms have specially focussed on strengthening the private sector. Nevertheless, adverse global environment due to global economic slowdown and falling oil prices along with internal challenge in the form of tax increases in the country has badly impacted the Colombian economy over 2014-2015. Colombian economy is expected to continue be impacted by global adverse environment in 2016 as well before starting to recover in 2017 through increased private investment & infrastructure projects.

Looking at the macroeconomic environment in the country, in 2016, Colombia is home to 47.7 million people. With GDP worth 384.9 billion USD (2014) and GDP (PPP) worth 640.1 billion USD (2014), globally Colombia is thirty-third largest economy and third largest in South America.The sector wise contribution to the GDP includes 52.7%, 38% and 9.3% by services, industry and agriculture sector respectively. Petroleum comprising around 45% of Colombia’s exports and manufacturing comprising around 12% are the main source of revenue generation for the govt.Inflation in Colombia is one of the lowest in the region and is gradually declining. Spectacular macroeconomic stability in the country has led to fivefold increase in FDI since 2000, reaching 16.1 billion USD in 2016, with US being the main source of the foreign investment flow. As a result of strong commercial & economic ties with the global world and signing of FTAs with increasing number of countries, trade and exports have shown fourfold rise since 2000. Again, US is the leading export destination. Colombia’s economy is highly dynamic and offers high growth prospects for coming years.

Brief Overview of Travel & Tourism Sector in Colombia

Travel & Tourism has emerged as a fastest growing economic activity all over the world. Tourism sector is one of the most crucial sectors in Colombia’s economy as well. According to World Tourism Organisation, tourism growth in Colombia has outpaced global as well as South American tourism growth. The direct contribution of the sector in country’s GDP is around 2.2%. The most popular city in Colombia is Colombia’s capital and largest city, Bogotá, with over 50% of visitors. Cartagena comes in second with about 11% of visitors and Medellín comes in third with about 10% of visitors.With very rich and diverse geography, including the Amazon and the Andean regions; the Caribbean & Pacific Coasts; the desert of La Guajira etc. along with the presence of unique biodiversity, Colombia has great potential for eco-tourism as well. Colombia is increasingly focusing on their tourism sector growth so as to firmly establish the country as a leading international tourist destination on the global platform.

Colombia

Strong growth track of the tourism sector continued in 2015,however, the weakening of the ‘Peso’ hassignificantly impacted the demand-side dynamics. Due to weak currency, Colombians are turning to domestic trips over outbound trips. Also, as a result of weak peso, inbound tourism has witnessed remarkable growth over last few years: 8.2% in 2013, 7.4% in 2014, and 16.3% in 2015. International arrivals, largely from US and Venezuela, totalled 2.3 million in 2015. Outbound tourism has been suffering as a result of falling value of peso. Outbound trips declined by -1.3% in 2015 while expenditure declined by -0.6%.

Recent factors driving growth of the tourism sector in Colombia are mainly weak domestic currency and improved safety as the government has signed ceasefire agreement with FARC rebels to put an end to 50years old conflict between them. Along with this indirect role of the govt., the govt. is also supporting the sector directly through various tourism friendly regulations. One such regulation is the new tax policy of the govt. exempting foreign tourists from the 16% sales tax (VAT) on tourism-related services.

However, the sector has its own challenges, especially the gradually increasing congestions at airports urging the construction of new airport and capacity expansion in the country. For example, El Dorado airport at Bogota was originally designed to handle 15 to 17 million passengers a year but it had to handle 30 million passengers in 2015. As a result, Government is coming up with new airport plans by 2021.

Major Market Players in Colombia’s Travel & Tourism Sector

Tourism sector operates through collaboration among various intermediate industries such as airline, hotel, car rental, and travel intermediaries. Market players in each of these industries collaborate and strategize their actions to achieve maximum share in their respective market.

Some of the major players operating in these intermediate industries are: Avianca, LanColombia, VivaColombia, Copa Airlines Colombia, Satena, GHL Hotels, Hotels Estelar, Hotels y Resorts Decameron, InterContinental Hotels Group, Hotels Royal, Hotels LaurelesEstadio, Hilton Hotels and Resorts, OperadoresHoteleros Santorini, Solar Hotels and Hotels Dann.

Colombia’s Travel & Tourism Sector Prospects

Colombia’s Travel and Tourism sector has shown spectacular performance with consistently increasing its contribution to GDP and has gradually established itself as a leading international tourist destination. Over the forecast period (2016-2020), the strong growth of the sector is expected to continue with even more momentum, mainly driven by the weak peso and improved safety in the country. Weak peso will continue to support domestic and inbound tourism growth while leading to decline in outbound tourism growth. Over the forecast period, domestic tripare projected to grow at an average annual rate of 5.7%, to reach 32.6 million domestic trips by 2020; inbound tourism is forecasted to grow at a CAGR of 6.7% to reach 3.2 million international arrivals by 2020; and declining outbound tourism is expected to reach 5.1 million by 2020. Also, the sector growth will be reinforced by the construction of new airports as well as the expansion of the existing ones.

Key factors that will drive the future growth of the tourism sector in Colombia include:

  • Weak peso
  • Improved safety ( Ceasefire agreement between govt. & FARC)
  • New tax policy (16% sales tax (VAT) exemption to foreign tourist on tourism related services)
  • New airports construction plans by government
  • Increasing international & domestic flights to Colombia
  • Great potential for ecotourism

Thus starting from a relatively low base, tourism sector has shown remarkable performance and is expected to continue with the spectacular growth over several coming years outpacing the tourism market in the South American region.

To know more on coverage, click on the link below:

https://www.kenresearch.com/media-and-entertainment/tourism/travel-tourism-colombia/39462-94.html

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Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Singapore Medical Tourism Industry Specialized in Cardiology, Ophthalmology and Oncology : Ken Research


Singapore is one of the largest players in medical tourism followed by Philippines, Malaysia, Korea and Taiwan. Singapore has specializations in the areas of cardiology, ophthalmology and oncology and also has a booming dental market. The country possesses a good human resource in form of highly qualified doctors and Singapore is also known for intricate procedures like heart surgeries.

  • Health Care Expenditure
  • Estimated health care expenditure: $11.6 billion in 2013.
  • Health care as share of GDP: 3.9% in 2013.
  • Popular Treatment Options
  • Organ Transplants, Stem Cell Transplant.
  • Other high end procedures.
  • Achievements
  • In 2011, Singapore was holding 30% medical tourism market in Asia
  • It is the first nation to have the first MAGNET recognized hospital.

inside-no-513

Private-sector savings and state run insurance funds are the major sources of Singapore’s spending on healthcare. In recent years government spending on healthcare has also risen sharply. The only drawback compared to its competitors is its costly medical services. To form a medical hub, Singapore incorporated amalgamation of both industry and government representatives. The major challenges before the medical tourism is high service tax rate as tourists have to spend a lot of money on availing tourism related services like room for staying, food and liquor but in Singapore taxes are low in comparison to its neighboring countries. Its medical facilities are considered the finest in the world with the access of well qualified doctors and a well built infrastructure and even most of the hotel in Singapore have their own doctors on 24 hour call. Although Southeast Asian countries spend only 3% of its GDP on healthcare in comparison to the US spending almost 18% but still Southeast Asian countries provide quality services at reasonable cost. The major driver leading to growth of healthcare in Singapore is “social emphasis”. The major players are Changi General Hospital and St Andrew’s Community hospital which have added around 280 acute hospital beds. Singapore is majorly focusing on improving current frameworks rather than coming up with new policies. There has been progress in manpower and infrastructure but still some areas need to be addressed like affordable world class facilities to its patients.

To know more on Healthcare Industry, click here

https://www.kenresearch.com/tag/media-and-entertainment/medical-tourism/37.html

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 Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

India Mobile Games, Video Games and Online Gaming Industry Research Report: Ken Research


India Video Games Market Outlook to 2018 – Rising Popularity of Mobile and Online Games to Lead Growth provides a comprehensive analysis of the various aspects such as market size of the India video game industry, video games hardware and software, online games and mobile games market. The report also covers the market shares of the major hardware manufacturers in India as well as the revenues of major players in the software development space.

ImageVideo game industry in India, which is majorly driven by retail sales of software and hardware, had registered revenues of INR ~ million in FY’2013. Each segment in the video game industry is subjected to a gamut of different factors such as price cuts and number of units sold that play an important role in determining their respective revenues. The video game industry in the India has grown at a CAGR of 34.5% from INR ~ million in FY’2008 to INR ~ million in FY’2013.

The revenues of the video game software market which is majorly influenced by the hardware installed base, has transformed immensely over the last decade. The demand of video games for PCs has been majorly driving the software market revenues in India since FY’2008. The percentage share of PC gamers in India was ~% in FY’2013, thus contributing a noteworthy share to the overall video games software market in India.

The two major players in the video game hardware market in India are Sony and Microsoft. Sony’s PlayStation dominated the video games hardware market in terms of total installed base in India which stood at INR ~ million in FY’2013. Microsoft’s Xbox 360 was the second largest selling seventh generation console in India video games hardware market with ~% market share and a total installed base of 215 million in India in FY’2013.

The growing penetration of the smart phones has contributed significantly to the growth of mobile games in India. The mobile games market was valued at INR ~ million for FY’2013, growing from INR ~ million in FY’2008. This growth was supported by a multitude of factors such as growing influence of tablets and escalating mobile subscriber base, which has given people an exposure to mobile games.

India online games market, valued at INR ~ million in FY’2013, has grown immensely from INR ~ million in FY’2008. The market has received great impetus in the past few years, owing to the growing penetration of internet and broadband in various parts of the country. Rise in the usage of social networking for games has proven to be a boon for India video gaming population, thus driving the online games market considerably since FY’2008.

The market for video games in India has been changing at a rapid rate. Technological advancements and gaming diffusion across ages as well as competitive pressures have been significantly changing the market. Revenues from the video game industry in India are expected to expand to INR ~ million in FY’2018, growing with a CAGR of ~% from FY’2013 to FY’2018.

TABLE OF CONTENTS

1.         India Video Games Industry Introduction

1.1.      India Video Games Industry Value Chain

1.2.      India Video Games Industry Production Process

2.         India Video Games Industry Size by Revenues, FY’2008-FY’2013

3.         Profile of Gamers in India

4.         India Video Games Industry Business Models

4.1.      Subscription Based Pricing Model

4.2.      Advertising Based Pricing Model

5.         India Video Game Market Segmentation

5.1.      By Hardware, Software, Mobile Gaming and Online Gaming, FY’2008-FY’2013

6.         India Video Games Hardware Market Introduction

6.1.      India Video Game Hardware Market Size, FY’2008-FY’2013

6.2.      India Video Game Hardware Market Segmentation

6.2.1.   By Handheld and Static Video Game Consoles, FY’2013

6.2.2.   By Distribution, FY’2013

6.3.      Product Shares of Major Players in India Video Game Hardware Market, FY’2013

6.4.      India Video Game Hardware Market Trends and Developments

6.5.      India Video Game Hardware Market Future Outlook and Projections, FY’2014-FY’2018

7.         India Video Games Software Market Introduction

7.1.      India Video Games Software Market Value Chain

7.2.      India Video Game Software Market Size, FY’2008-FY’2013

7.3.      India Video Game Software Market Segmentation

7.3.1.   By Games for Handheld Video Game Consoles, Games for Pc and Games for Static Video Games Consoles, FY ’2013

7.3.2.   By Gaming Genre, FY’2013

7.3.3.   By Distribution, FY’2013

7.4.      Product Shares of Major Players in India Video Game Software Market, FY’2013

7.5.      India Video Game Software Market Trends and Developments

7.6.      India Video Game Software Market Future Outlook and Projections, FY’2014-FY’2018

8.         Company Profiles

8.1.      Sony

8.1.1.   Business Overview

8.1.2.   Business Strategies

8.2.      Microsoft

8.2.1.   Business Overview

8.2.1.1.            Business Divisions

Windows & Windows Live Division

Server and Tools

Online Services Division

Microsoft Business Division

Entertainment and Devices Division

8.2.2.   Financial Performance, FY’2012-FY’2013

8.2.3.   Business Strategies

8.3.      Nintendo

8.3.1.   Business Overview

8.3.2.   Business Strategies

9.         India Mobile Game Market Introduction

9.1.      India Mobile Games Market Revenue Models

In App Advertising Model

Freemium Model

Pay per Download Model

9.2.      India Mobile Game Market Size, FY’2008-FY’2013

9.3.      India Mobile Games Market Segmentation

9.3.1.   By In App Advertising and Paid Downloads, FY’2013

9.4.      India Mobile Games Market Trends and Developments

9.5.      India Mobile Games Market Future Outlook and Projections, FY ’2014-FY ’2018

10.       India Online Games Market Introduction

10.1.    India Online Game Market Size, FY’2008-FY’2013

10.1.1. India Massively Multiplayer Online Gaming Market

10.1.2. India Social Gaming Market

10.1.3. India Casual Gaming Market

10.2.    India Online Games Market Trends and Developments

10.3.    India Online Games Market Future Outlook and Projections, FY ’2014-FY ’2018

11.       India Video Games Industry Growth Drivers and Restraints

11.1.    Drivers

11.2.    Challenges

12.       India Video Games Industry Trends and Developments

13.       India Video Games Industry Future Outlook and Projections, FY ’2014-FY ’2018

Market Share of the Eighth Generation Consoles, FY’2015

13.1.    Cause and Effects Relationship Analysis between Industry Factors and India Video Games Market

14.       Macroeconomic Variables Affecting India Video Games Industry

14.1.    Smartphone Shipments in India, FY’2009-FY’2018

14.2.    Personal Disposable Income, FY’2008-FY’2018

14.3.    Broadband Subscribers in India, FY’2008-FY’2018

14.4.    Urban Population in India, FY’2008-FY’2018

14.5.    Installed Base of Personal Computers in India, FY’2008-FY’2018

15.       Appendix

15.1.    Market Definition

15.2.    Abbreviations

15.3.    Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Final Conclusion

15.4.    Disclaimer

LIST OF FIGURES

Figure 1: India Video Games Industry Value Chain

Figure 2: India Video Games Industry Production Process

Figure 3: India Video Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 4: Distribution of Video Game Playing Population in India in terms of Percentage, FY’2013

Figure 5: Gaming Revenue Models

Figure 6: India Video Games Market Segmentation by Hardware, Software, Mobile gaming and Online gaming on the Basis of Revenues in Percentage, FY’2008-FY’2013

Figure 7: India Video Games Hardware Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 8: India Video Games Hardware Market Segmentation by Static and Handheld Video Game Consoles on the Basis of Total Installed Base in Percentage, FY’2013

Figure 9: Product Shares of Major Console Brands in India Video Games Hardware Market on the basis of Total Installed Base in India in Percentage, FY’2013

Figure 10: India Video Games Hardware Market Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 11: India Video Games Software Market Value Chain

Figure 12: India Video Games Software Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 13: India Video Games Software Market Segmentation by Types of Devices on the Basis of Total Installed Base in Percentage, FY’2013

Figure 14: India Video Games Software Market Segmentation by Distribution in Percentage, FY’2013

Figure 15: India Video Games Software Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 16: Global Shipments of Xbox 360 Consoles in Million, FY’2012-FY’2013

Figure 17: The India Mobile Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 18: India Mobile Games Market Segmentation by In-app Advertizing and Purchase of Mobile Games on the Basis of Revenue Contribution in Percentage, FY’2013

Figure 19: Smart Phone OS Market Share for Gaming, FY’2013

Figure 20: India Mobile Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 21: The India Online Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 22: India Casual Gaming Market Size on the Basis of Number of Casual Gamers in Million, FY’2010-FY’2013

Figure 23: India Casual Gaming Market Segmentation by Mobile Gamers, PC Online Gamers and Console Gamers on the Basis of Number of Casual Gamers in Percentage, FY’2010-FY’2013

Figure 24: India Online Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 25: India Video Games Industry Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 26: Estimated Market Share of Eighth Generation Consoles in the Indian Video Game Hardware Market on the Basis of Revenues in FY’2015

Figure 27: Smart Phone Shipments in India in Million, FY’2009-FY’2018

Figure 28: India Personal Disposable Income in INR Million, FY’2008-FY’2018

Figure 29: Broadband Subscribers in India in Million, FY’2008-FY’2018

Figure 30: Urban Population in India, FY’2008-FY’2018

Figure 31: Installed Base of PC in India in Million, FY’2008-FY’2018

 

Browse & Download Report with TOC- http://www.kenresearch.com/media-and-entertainment/gaming-and-recreation/india-video-games-market-research-report/529-94.html

Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

The Online and Mobile Gaming are Likely to replace Console Gaming Market in India Video Games Industry: Ken Research


The Indian Smartphone market, offering products with advanced technology at a reasonable price point, has contributed significantly to the growth of mobile games in India.

ImageLarger screens, higher resolution, faster network connection and fast processors are some of the major factors that have influenced urban consumers to buy high end smart phones, thus paving the way for mobile games market in India. Further, the growing penetration of broadband subscribers has brought further development in video games on dedicated home video game consoles and PCs. Increasing penetration of third generation network and telecom companies focusing on value added services is anticipated to lead to phenomenal growth of the mobile gaming segment in the near term.

Video game industry has been one of the most important avenues of the overall entertainment industry in India, thus contributing a major share to the total spending on video games in FY’2013. Growing personal disposable incomes, penetration of broadband, increasing population of video game players, rise in the number of new games and increase in the time spent on video games are some of the factors for the growth of India video games industry.

The video games market in India has witnessed an increase in recent years on account of rapid sales of video game hardware and software through retail format. However, the advent of relatively cheaper games on the online and mobile platform as well as emergence of digital distribution of games has lead to significant changes in the traditional distribution of video games software and hardware in India. Moreover, a surge in the social and casual gaming population as well as increased adoption of smart phones and tablets has provided a much needed thrust to the video game sector in India. India video game industry revenues have increased from INR ~ billion in FY’2008 at a CAGR of 34.5% during FY’2008-FY’2013.

According to the research report “India Video Games Industry Future Outlook to 2018” by Ken Research, India video games market would grow at a considerable CAGR rate thus exceeding INR 180 billion by 2018 due to the major push from software and mobile gaming in India.

“While rising disposable income, soaring population of video game players and an increase in the time spent on gaming will result in increased spending on video games in India, steep rise in penetration of broadband and mobile phones and a subsequent increase in the online gaming and mobile gaming, are expected to hamper the performance of the retail segment for video game hardware and software sales, according to the Research Analyst, Ken Research.

The report on “India Video Game Industry Future Outlook to 2018” provides detailed overview on the video games market in India and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, video game software and hardware manufacturers, retailers and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

Key Topics Covered in the Report:

  • The market size of India video game industry
  • The market size of the video game software market
  • The market size of the video game hardware market
  • The market size of the online gaming market
  • The market size of the mobile gaming market
  • Market segmentation of the video game software market on the basis of console and PC software, type of distribution, and type of genre
  • Market segmentation of the video game hardware market on the basis of console and handheld hardware and type of distribution
  • Trends and Development in India video game industry
  • Growth Drivers and Restraints of India video game industry
  • Competitive landscape and detailed company profiles of the major manufacturers of video game hardware and software in India
  • Future outlook and projections of India video game industry – software, hardware, online gaming and mobile gaming, on the basis of revenues in India

Browse & Download Report with TOC- http://www.kenresearch.com/media-and-entertainment/gaming-and-recreation/india-video-games-market-research-report/529-94.html

 

Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com