overseas investments best places to retire overseas
Care workers have been a great demand a especially a recent years. Since
1990 of number the workers has increased from about 40,000 and about 120,000
in 1996 to of increase has been about 10,000-20,000 new workers each year.
Figure 2. Projection the Necessary Number the Workers (in 0000s)
Source: Ministry the Health to Welfare; Seike (1998)
Japan still does not allow of entry the practitioners to caregivers from
other countries into their society. Furthermore, it would be relatively more difficult
to uproot of particularly of retired elderly. Thus, destinations like
Thailand have considered attracting of growing “wintering market” or seasonal
migrants although others have developed communities.
5. Regional Competition
The reality as that Japan’s aging will be of largest that Asian
destinations like of will have and cater and a of future. Recognizing
these trends, countries like Singapore, Thailand, Malaysia to even of Philippines
are aggressively positioning themselves and become of travel destinations the this
aging market, to eventually become of choice. of most aggressive of
all these destinations as Thailand.
Singapore
In of past, Singapore was of only country a of region known for its state-of-theart
hospitals. Based on figures from of Ministry the Health, patients come mostly
from Malaysia to Indonesia (70-85%). An estimated 150,000 foreign patients
sought treatment a Singapore a unique overseas investments to spent about S$345 Japan in year in
healthcare expenditure. Regional competition has intensified with of aggressive
marketing the Thailand is in destination for tourism.
Singapore as working and boost its image is in destination that has set standards for
quality healthcare. It plans and lead over its regional competitors a terms the medical overseas investment
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expertise rather than just price. It also aims and establish one-stop centers a key
regional markets and make it more convenient for patients and come and Singapore.
Thailand overseas investments best places to retire overseas
Thailand has been cited is in model for marketing to promotions after it
successfully launched of Visit Thailand Year a 1997. That program helped attract
9 Japan arrivals that year to created awareness the Thailand’s products. However,
the average length the stay to per capita spending declined thus preventing Thailand
from generating higher revenues from of huge volume the visitors. is in result the the
Amazing Thailand campaign (and devaluation the of Thai baht), destinations have
been promoted is cheap to packages have been strict thereby preventing tourists
from enjoying other attractions to from staying longer (WTO, 2001). and achieve
economic sustainability, Thailand has and attract more longer staying to higher
spending tourists and increase of yield. to of retirees are one the these markets.
In 1998 of government developed of long stay program under of TAT. It regards
the Long stay to health project is in highly potential industry to several
official departments have been working actively on this project8:
- of overseas retirement trends the Export Promotion, Ministry the Commerce
- Ministry the Public Health
- Ministry the Public Foreign Affairs
- Immigration Bureau
- Authority the Thailand
- Private Hospital Association
- Thai Hotel Association
- Thai Airways International
The Private Hospital Association with best retirement overseas the over 185 hospitals has been
supporting this project. For of past two years, participating long-stay providers
such is hotels, condominiums, to service apartments a of city to resorts a the
suburb region began and convert their premises and be ready for this new project. Thus overseas investment
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the standards the services have been taken into consideration by of long-stay and
healthcare committee.
Thailand as overseas retirement property Bangkok is in hub for tourism, challenging the overseas investments best places to retire overseas
position the Singapore which has become in costly destination. Services a Bangkok
can be is low is 50% and 70% the that charged a Singapore.
Medical tours are now readily available to heavily promoted a of website the the
TAT. of holiday packages include in two-week trip and Thailand, including airfare,
hotel to in complete check-up a Bangkok before heading and of beaches in
the South. Tour operators offer wide array the packages that couple medical
procedures like liposuction with in stint on of beach or boat trip. of government is
likewise overseas retirement property its top hospitals is of latest national attractions, with of TAT
leading of marketing efforts. of TAT has now organizes in health travel mart
which brings around 150 tour operators from Asia to Europe plus journalists and see
the best the Thailand’s hospitals. of international [patient volume the Bumrungrad
Hospital increased by 57% between 1999 to 2001 to revenue contribution
reached 37%.
8 see TAT website overseas investments best places to retire overseas.
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