Thailand Investment Opportunities to Medical Tourism Industry
Investment opportunity and distribution of medical tourism industry in potential tourism destination According to the policy of being ...
Investment opportunity and distribution of medical tourism industry in potential tourism destination
According
to the policy of being the medical hub of Asia, in 2004, 4 pilot areas were
established in high potential tourism provinces according to the strategic plan
of the Ministry of Public Health as follows; Bangkok, Chiang Mai, Phuket, and
Suratthani. At present, the investment in medical tourism industry still
condenses in high potential tourism provinces including major tourism
destination like Pattaya, Chonburi and Hua Hin district, Prachuabkirikhan that
many foreigners come to visit and use medical care services.
In
high potential tourism provinces, there are up to 92 potential private
hospitals or 70% of all potential hospitals. The most of foreign investment is
in high potential tourism provinces while there is no foreign investment in
border tourism provinces.
Data
from the Thai Board of Investment (BOI) show that, from 1997 to present, there
were 21 hospitals receiving BOI investment support or incentives with total
investment values of 9,696.74 million Baht and the maximum investment values of
3,147.10 million Baht was in 2004, a growth more than 300%, because it was
the
year that the government started a strategic development plan to make Thailand
as the medical hub of Asia. 80% of total investment values by the private
hospitals with BOI investment support were in high potential tourism provinces
while the remaining 20% were in medium potential tourism provinces and there
was no hospital in the border tourism provinces receiving such BOI investment
support.
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