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Hong Kong MICE Tourism Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2027)

08-06-2021 02:54 PM CET | Tourism, Cars, Traffic

Press release from: Intelligence Market Report

Hong Kong MICE Tourism Market

Hong Kong MICE Tourism Market

Hong Kong MICE Tourism market is projected to reach more than US$ 2.5 Billion by the end of 2021 growing at a CAGR of around XX% from 2016 to 2021.

Hong Kong is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destinations. Hong Kong's strategic location, together with its vibrant cosmopolitan lifestyle, newly added and more sophisticated infrastructure, world class hospitality and superb professional services, have made the city an ideal location for meetings, incentives, conventions, and events (MICE) tourism. The MICE tourists increase was contributed by a number of large–scale conventions and exhibition programs with unprecedented numbers of participants. MICE organizers have been attracted by the growth of the mainland economy and favorable exchange rates, with the greatest increase coming from those visiting from short–haul markets – particularly Mainland China. The Government is committed to enhancing the appeal of Hong Kong as an ideal MICE (Meetings, Incentive travels, Conventions and Exhibitions) destination in Asia.

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Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement.

The recent report on Hong Kong MICE Tourism Market provides a complete analysis of this business area focusing on the backbone of the industry: recent trends, current value, industry size, market share, output and revenue forecasts for the forecast period.

Major Players Covered in this Report are:

1. Chinese Mainland
2. South and Southeast Asia
3. Europe, Africa and The Middle East
4. The Americas
5. North Asia
6. Taiwan
7. Australia, New Zealand and S. Pacific
8. Macau SAR

All the regions in the report has been studied from 2 viewpoints

1. Hong Kong MICE Tourists Arrival - Region Wise Analysis (2008 - 2021)

2. Hong Kong MICE Tourists Spending - Region Wise Analysis (2008 - 2021)

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Hong Kong MICE Tourism Arrivals Insights

Chinese Mainland is the largest source market for Hong Kong MICE tourism. South and Southeast Asia is the second leading source market for Hong Kong MICE tourism. Europe, Africa and The Middle East stands at the third spot with a XX% share of the Hong Kong MICE tourist arrivals. North Asia and The Americas holds the fourth and fifth highest share of the Hong Kong MICE tourist arrivals, being followed by Taiwan. Australia, New Zealand and S. Pacific and Macau SAR are the other leading source market for Hong Kong MICE tourism.

The report has been offered by the report, with respect to various prominent players operating in the market. Information about the strategic alliances, acquisitions, mergers, expansion initiatives, SWOT analysis, key innovations, product developments and company overview of the market players have been provided in the concluding chapter of this report.

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