January 21, 2022
According to the research report titled ‘India Inbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market Report: Country Outlook, Analysis, Size, Share and Forecast 2018 ? 2025’, available with MarketStudyReport, India inbound MICE tourism market is anticipated to exceed USD 5 billion by the year 2025.
As per the report findings, favorable government policies & regulations, excellent infrastructure for entertainment, meeting, and accommodation, in consort with extensive connectivity to the worldwide nations are propelling the growth of India inbound meetings, incentives, conferences, and exhibitions (MICE) tourism market.
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The report also discusses current and impending business difficulties, as well as potential remedies, in addition to drivers and opportunities. In order to provide accurate estimates for growth rate, size, and revenue share over the projected timeline, it considers the history of market expansion as well as the major trends.
The report provides in-depth analysis of the variables that influence industry demand. It examines visitors flow, spending habits, and main destination nations. Prevailing and future opportunities which can be leverages by tourism businesses in India inbound MICE tourism industry are also highlighted in the document.
A thorough country wise analysis is conducted, entailing 16 nations, namely, United States, UAE, United Kingdom, Germany, Malaysia, Singapore, France, Japan, China, Thailand, Sri Lanka, Australia, Switzerland, Canada, Russia Federation, and Philippines. As per estimates, India inbound tourism is poised to garner USD 38 billion by the year 2025, while attracting over 1.4 million MICE travelers, majorly from China and the United States over the forecast period.
Finally, India inbound meetings, incentives, conferences, and exhibitions (MICE) tourism market study conducts a thorough examination of the competitive landscape for the period 2018-2025, enabling players to make well-informed judgements.