MICE Market Increasing Demand, Growth Analysis and Future Outlook by 2031/ ATPI Ltd., Conference Care., Meetings and Incentives Worldwide, Inc., and One10, LLC, among others.

Global MICE market is anticipated to grow at a CAGR of 8.9% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing infrastructural, which is well-equipped to accommodate the attendees, conduct the event, has a seamless commute, and is aesthetically pleasing and comfortable without any pressing safety concerns. Governments recognize these factors and have invested heavily in developing MICE centers with conference halls, meeting rooms, well-equipped virtual rooms for meetings over screens, and other requirements. They are also developing stadiums to host sports events with state-of-the-art facilities for athletes. The air connectivity and road infrastructure are being improved for seamless and hassle-free travel. All these factors will support the MICE industry's growth during the forecast period. 

Establishing a MICE (Meeting Incentive Conference and Exhibition) center in Jodhpur, which is becoming popular for hosting national and international events, received early approval from the Rajasthan government for about Rs 25.0 crore ($3.0 million). According to a tourism department official, the MICE complex will be constructed on 5,650 squares meters on the Women Polytechnic College property, with a 65,000 square meter allocation from the Jodhpur Development Authority. The official stated that the first phase will see the construction of amenities such as an administration building, VIP lounge, exhibition hall, registration, and information center, meeting space for trade and business, and a parking area. In Rajasthan, MICE tourism is growing quickly and has a lot of chances for those in the travel sector.

Furthermore, Governments are increasingly focusing on developing the MICE industry previously, high-level and most anticipated events of a consequential nature were restricted to Europe and North America, given the dominance of stakeholders from these regions and the availability of the right infrastructure to organize these meetings and events. However, with changing times, countries like India, Brazil, Indonesia, UAE, Saudi Arabia, and other developing nations outside of the previously mentioned regions have gained significance on a global stage given the contribution they make to the global GDP, workforce, consumer market, supply chain, and the overall economy. Therefore, governments of these countries are increasingly focusing on developing their MICE industry with the right attitude and funding to attract opportunities to elevate their citizens' lives. Therefore, the government's increasing focus on developing the MICE industry to attract opportunities to boost the economy will drive the growth of the global MICE market.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Event Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- ATPI Ltd., Conference Care., Meetings and Incentives Worldwide, Inc., and One10, LLC, among others. 

MICE Market Report Segment

By Event Type

Meetings    
Incentives     
Conferences      
Exhibitions

A full Report of MICE Market is Available @  https://www.omrglobal.com/industry-reports/mice-market

MICE Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

360 Destination Group
Access
American Express Global Business Travel (GBT)
AVIAREPS AG
BCD Meetings & Events
BEYOND SUMMITS LTD.
Cambria DMC
Capita Plc.
Ci Events
Creative Group, Inc.
CSI DMC
CWT Meetings & Events
FLIGHT CENTRE TRAVEL GROUP LIMITED
Freeman
IBTM World
ITL World Co. (MICEMINDS)
Maritz
Questex

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