MICE Tourism Market Next Big Thing | Major Giants IBTM Events, CWT Meetings & Events, Interpublic Group

HTF Market Intelligence released a new research report of 150 pages on title 'Global MICE Tourism Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico) and important players such as ATPI (India), Capita Travel and Events (United Kingdom), IBTM Events (Spain), CWT Meetings & Events (United States), Interpublic Group (United States), BCD Meetings and Events (United States), Cievents (Australia), Grass Roots Meetings and Events (United Kingdom) and Questex (United States).

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Summary

Global MICE Tourism Market Overview:

MICE industry offers tourism services in which organizers and suppliers that manage and deliver meetings, conferences, exhibitions, and other related events held to achieve a range of professional, business, cultural, or academic objectives. MICE industry growth shall have a positive impact in the growth of businesses, cities, destinations, and other covered spectrums. According to expertise, The estimated global market size for MICE is 808 Bn USD for the year 2017. The industry is, growing at a blistering pace of 7.5% per annum and is expected to touch 1200 Bn in 5 years’ and time from now. According to HTF MI, the Global MICE Tourism market is expected to see growth rate of 7.5%

Market Drivers

There has been a surge in presence of corporate industries all around the globe. This has increased the frequency of business activities such as client meetings, brand promotions, and employee training activities and has supplemented the growth of global MICE industry

Market Trend

Increasing infrastructural development and continuous technological advancements in emerging nations

Restraints

The high cost associated with MICE events

Opportunities

lnvestments in infrastructural development and technological advancements are expected to provide avenues for growth in the coming future.

Challenges

The concern of uncertain global geopolitical conditions

Competitive Landscape:

The leading players in the MICE industry focus on providing customized solution to consumers as their key strategies to gain a significant share in the market. Strategies such as partnership or acquisition of similar companies or related companies in this case travel agencies, tourism company, or event management service company help these companies to expand their service portfolio and have also helped the key players to improve their MICE industry statistics.
Some of the key players profiled in the report are ATPI (India), Capita Travel and Events (United Kingdom), IBTM Events (Spain), CWT Meetings & Events (United States), Interpublic Group (United States), BCD Meetings and Events (United States), Cievents (Australia), Grass Roots Meetings and Events (United Kingdom) and Questex (United States). Analyst at HTF MI see United States Vendors to retain maximum share of Global MICE Tourism market by 2025. Considering Market by Channel, the sub-segment i.e. Direct Sales will boost the MICE Tourism market.

Available Customization:

Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase

Research Methodology:

The top-down and bottom-up approaches are used to estimate and validate the size of the Global MICE Tourism market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in MICE Tourism market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

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