amazing thailand in india march 2010 seminar
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TRANSCRIPT
- 1. By Chattan Kunjara Na Ayudhya TAT New Delhi Office
2. Indias Potential
- Per Capita Income rising by 5% per year
- Per Capita Expenditure rising 10% per year
- Look East policy by countries is Indian-friendly
- India is the fastest wealth creator in the world. Now there are 1 million US$ millionaires in India. With this newfound wealth comes the burning desire to flaunt it.
- India is a young country, with almost half of its population under the age of 20. About 22 million middle class teenagers live in Indias cities. They have a hunger for knowledge, wealth and to travel beyond India.
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- Economy grew at an average of 8.5% yearly for past 3 years.
- Now a trillion US$ economy and worlds 12 thlargest economy.
- Likely to become one of the worlds top three economies in the next 20 years and worlds second largest consumer market in a few years.
- Growing middle class of 300 million people.
- And thats not all
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- Population now over 1 billion people, may overtake China by 2030.
- Second largest diaspora of any nation. NRIs (non-resident Indians) and persons of Indian origin making economic impact around the world.
- Cheap, ambitious graduates that number more than the entire population of France.
- Estimated80million Internet users in 2010.
5. Indias Up, Up and Away (GDP) (100 billion US$) 6. The Many Faces of India
- Rich India
- - US$10,000+/year/household head
- - 1.2 million households
- - Expanding by more than 20% per annum
- - Travel abroad frequently
- - Concentrated in big cities
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- The Wanna-Be India
- - US$4,000-10,000/year/household head
- - 40+ million households
- - Expanding by over 10% per annum
- - Will number 65 million households by end of 2010
- - Growing quickly in Tier 2 cities
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- The Uphill Climb India
- - US$1,500-4,000/year/household head
- - 110+ million households
- - Mass migration into cities
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- Poor India
- - Below US$1,500/year/household head
- - 40+ million households
10. Indians Love to Travel
- International departures from India grew from 3.7 million in 1997 to 9.8 million in 2007.
- 50 million outbound trips by 2020, US$28 billion spending.
- In 2007, Indians spent US$8.2 billion on foreign travel alone, up from US$1.3 billion in 1997.
- On average, Indians spend US$1,789/person/trip.
- Over 28 million passport holders.
11. More Money = More Travel (million trips) 12. Thailand is No. 2 in Asia for Indians, No. 3 in the world
- Approximately 614,531 Indians visited Thailand in 2009, second only to the 725,536 Indians who visited Singapore. Thailand is No. 3 in the world after Singapore and U.S.A.
- TAT targets 650,358 arrivals for 2010, a 5.83% increase.
- For a tourist market with over 100,000 arrivals into Thailand in 2009, India registered the highest growth rate at +14.45%.
13. So what can Thailand do?
- The Amazing Thailand, Amazing Value campaign is proactively promoted in India:
- -Thai-ness
- -Beaches
- - Nature
- - Heritage
- -Health & Wellness
- -Chic & Trendy
- -Festivals
14. Positioning: Common Messages
- Thailand is value for money.
- Thailand is fun for the whole family.
- Thailand means quality holidays.
- Thailand is close.
- Thailand is variety.
- Thailand is like a nice in-law.
15. The Consumer Promise Thailand is a year-round holiday destination for the entire family that offers high quality products and services at great value for money. 16. Getting to Know the Indian Tourist
- The most price conscious in the world.
- - Will always look for savings.
- - Have great perseverance in bargaining.
- - Wont spend more than what he has.
- Cash rich but time poor, especially middle class.
- - Want improved quality in a short time.
- - No room for errors.
- Willing to splurge for personal enjoyment, i.e. shopping, entertainment, spas, sports, dining, etc.
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- Among the fastest learners on the planet.
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- Always watching & observing.
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- Curious about other cultures.
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- Ready to adapt & adopt new things while traveling.
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- Seek out new experiences for boast factor.
- Most are fluent in English.
- Do lots of research before traveling.
- Very late bookings. Wait for last-minute deals.
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- Travelers in 25-44 years old range, up to 65 years old
- 65% male/35% female
- In India, from North & West 65%, South 25%, East 10%
- Educated and from upper social status
- Usually married (75%) with children in same household
- Travels with family members (66%)
- Traditional holiday period is April-June because schools closed
19.
- But 2009 was a strange year..
- - October-December had greatest number of tourists to Thailand, with December 2009 showing most increase of +96.63%.
- - This sharp rise was due to confidence in the economy and major companies paying withholding bonuses until years end.
- - Anomaly or trend? Is Thailand now a year-round destination?
20. Other Must-Know Facts
- Hindus dont eat beef!No
- About 40% of Indians are vegetarians!Yes
- 13.4% of Indians (over 156 million people) are Muslims!
- No
- Late lunch (1.30 p.m.) & dinner, usually 9-10 p.m!
- Make sure you have some Indian food on the menu!
- Indians drink alcohol, but usually only at parties!
- Many Indians like Thai food, but not all. Some may be allergic to Thai spices! For Indian food, they expect to be served by waiters.
21. More Fun Stuff
- Indians prefer hotels with good accessibility to shopping, food and nightlife. Can be anything from luxury pool villas to more modest three-star accommodation.
- Indian males are not heavy smokers.
- Therell be endless requests for room service and assistance. Room temperature drinking water is a must.
- Overall, Indians appreciate warm smiles, courtesy and a relaxed atmosphere everything theyre not getting at home!
22.
- Indians have 3 main travel periods
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- School holidays (April 15-June 30)
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- Diwali (5 days around late Oct.-early Nov.)
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- Christmas & New Year (late Dec.-early Jan.)
- Indians get visa on arrival at airport
- -Visa fee exemption important
- Like LCD TVs, electric kettle in room, Bollywood movies, & cricket
23. Why Travel?
- - Business (40%) Including MICE!
- Holiday (20%)
- VFR (Visiting Friends & Relatives) (20%)- Strong growth
- Others, like education (20%)
- * Corporate travel good whole year.*Honeymoons peak Nov.-Dec. & Feb.-Mar.
- *FIT fastest growing segment.
- *Groups mainly first-timers and seniors.
24. More Into Niche Experiences
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- Sports tourism
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- Luxury travel
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- Weddings late Sep.-Dec.
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- Honeymoons & anniversaries
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- Cruises
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- Bollywood filming
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25. What Kind of Thailand Holiday?
- Shopping & food
- Sightseeing/entertainment/nightlife
- Exploring new country
- De-stress
26.
- What matters on holiday?
- Nature & environment
- Culture & Art
- Safety
- Hygiene
27. What influences decisions?
- 1. Internet
- - Vital initial opinion formed.
- 2. Travel Agents
- - Face-to-face consultation deciding factor.
- 3. Print Media
- 4. Recommendations by friends
28. What You Must Do
- Work with travel agents in New Delhi and Mumbai (65% market share).
- Make sales calls to India (Indians want to feel important). Come with other properties too.
- Have an attractive website (remember 80 million users).
- Join TAT road shows & travel shows.
- Consider hiring a representative.
- Invite travel agents and media to you.
- Make friends with Thai travel agents.
- Train your staff about this market & its consumers.
29. Requirements for Success
- Indias continued economic growth
- Thailands political stability and safety guaranteed for Indian tourists
- Thailand remains attractively affordable for holidays
- Increased flights to Thailand, preferably from Indian cities to regional tourist destinations
30.
- Regular two-way travel between the two countries
- *Overcoming old ideas and embracing new challenges
31.
- Bollywood star Priety Zinta on a trip to Thailand after the Tsunami on December 26, 2004:
- The voyage is an affirmation of life.
32.
- Thank You
- Danyavad