According to the research report titled ‘Indonesia MICE Industry Forecast and Spending to 2025’, available with MarketStudyReport, Indonesia MICE industry is expected to expand at a CAGR of 15% over 2018-2025, subsequently amassing a valuation of USD 3.5 billion by the end of the forecast period.
 

Indonesia is one of the world's most diverse countries. Cosmopolitan towns coexist with untamed nature, rich culture, ancient civilizations, and some of the world's most well-known beach spots on this colorful collection of islands. The aforementioned factors are primarily driving Indonesia MICE industry expansion.
 

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The government is emphasizing on improving many MICE (Meeting, Incentive, Conference, and Exhibition) destinations in Indonesia, further adding to the industry progression. It is believed that the strengthening of the MICE industry will result in more foreign business. Further, travel and hotel companies are offering incentives and discounts to these travel groups. Certain cities have enacted unique policies in an attempt to attract tourists.
 

The document entails analysis of 20 economies with respect to MICE travelers visitation and spending to unveil the growth prospects over the analysis period. These nations include the United States, Russia, France, Germany, United Kingdom, Netherlands, Australia, Thailand, India, Hong Kong, Taiwan, Philippines, Korea, Japan, China, Malaysia, and Singapore.
 

As per the report findings, although Singapore and Malaysia are said to have captured considerable market share in the year 2018, China is projected to hold major portion of Indonesia MICE industry revenue by 2025.
 

The study examines potential lucrative prospects and future trends in Indonesia's MICE passengers flow, revenue, and primary destination markets using data and analysis. The research provides a thorough picture of the market's current and future developments in the region.
 

The literature sheds information on the most popular or frequently visited destinations in Indonesia. It then goes on to describe the tourists experience, as well as strategies for dealing with any challenges if any. The most recent advances in the travel and tourist industry are examined to provide insights on how to maximize earnings.