January 21, 2022
According to the research report titled ‘India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market Report: Country Outlook, Analysis, Size, Share and Forecast 2018 ? 2025’, available with MarketStudyReport, India outbound MICE tourism market is anticipated to exceed USD 9 billion by the year 2025.
As per the report findings, increase in the number of international travelers, greater individual spending capacity which allows people to take overseas vacations, and raised internet penetration leading to convenience of making online bookings are the growth driving factors for India outbound 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 over 2012-20217 as well as the prevailing trends.
The report provides in-depth analysis of the variables that influence industry demand. It examines visitors flow, spending habits, main destination nations, as well as current and future opportunities for tourism businesses interested in tapping into India outbound MICE tourism industry.
A detailed country wise analysis is conducted, entailing 15 nations, namely Malaysia, Thailand, Dubai, Singapore, Mauritius, South Korea, Macau, New Zealand, Indonesia, Oman, United States, Turkey, Taiwan, Australia, and South Africa.
Finally, India outbound 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.