Asia-Pacific MICE Industry Set to Boom Anticipating Explosive 8.6% CAGR Growth, Surpass $441.1 Billion by 2025

According to a new report published by Allied Market Research, titled, "Asia-Pacific MICE industry, by Event Type (Meetings, Incentives, Conventions, and Exhibitions), and Country (China, India, Singapore, Thailand, Indonesia, Australia, New Zealand, Japan, Malaysia, South Korea, Vietnam, Hong Kong, and rest of Asia-Pacific): Opportunity Analysis and Industry Forecast, 2018 - 2025". The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market. The Asia-Pacific MICE industry generated revenue of $229.0 billion in 2017, and is expected to grow at a CAGR of 8.6% to reach $441.1 billion by 2025.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/5146

The term MICE in the context of travel is an acronym for meetings, incentives, conferences, and exhibitions. The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, and it is the highest revenue contributor to the travel industry. The MICE industry provides easy and convenient methods for organizing events and helps choose the right destination, which forms the basis of a successful event.

MICE represents a sector of tourism that includes business events and activities such as client meetings, brand & product promotions, business expansion, employee training, and incentives. Globalization of businesses, rapid increase in SMEs, and the surge in presence of corporate industries have caused massive increase in aforementioned business activities; thus, driving the growth of the Asia-Pacific MICE industry. Other significant factors that promote the growth of the market are rise in business travel coupled with change in lifestyle of business travelers to seek leisure trips, rapid urbanization, and increase in disposable incomes.

However, high cost associated with MICE events and uncertain geopolitical conditions hamper the market growth. Factors such as investments in infrastructural development and technological advancements, are expected to provide lucrative opportunities for the growth of the market. The Asia-Pacific MICE industry is segmented on the basis of event type and country.

By country, China is expected to remain dominant and grow at a steady pace in the Asia-Pacific MICE industry. Shanghai and Beijing hosted the majority of MICE trips in China over the last 12 months, followed by Guangzhou, Hong Kong, and Macau. The key industry segments boosting the growth for MICE industry in China are manufacturing, utility & agriculture, and forestry & fishing. Moreover, increase in aging population is anticipated to boost the growth of the healthcare industry and social work segment. Increase in business travel activities from these industries is further anticipated to support the growth of the market.

𝐁𝐮𝐲 𝐍𝐨𝐰 - 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐥𝐢𝐧𝐤: https://www.alliedmarketresearch.com/checkout-final/db277b6de6e1e86b8e92f5764fed5c60

"𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘵𝘳𝘢𝘷𝘦𝘭 & 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘱𝘭𝘢𝘺𝘴 𝘢 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘳𝘰𝘭𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘨𝘳𝘰𝘸𝘵𝘩 𝘰𝘧 𝘵𝘩𝘦 𝘈𝘴𝘪𝘢-𝘗𝘢𝘤𝘪𝘧𝘪𝘤 𝘔𝘐𝘊𝘌 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺. 𝘖𝘷𝘦𝘳 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵 𝘥𝘦𝘤𝘢𝘥𝘦, 𝘈𝘴𝘪𝘢-𝘗𝘢𝘤𝘪𝘧𝘪𝘤 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘵𝘩𝘦 𝘧𝘢𝘴𝘵𝘦𝘴𝘵 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘳𝘦𝘨𝘪𝘰𝘯 𝘧𝘰𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥. 𝘛𝘩𝘦 𝘧𝘢𝘤𝘵𝘰𝘳𝘴 𝘵𝘩𝘢𝘵 𝘱𝘳𝘰𝘮𝘰𝘵𝘦 𝘵𝘩𝘦 𝘨𝘳𝘰𝘸𝘵𝘩 𝘰𝘧 𝘈𝘴𝘪𝘢-𝘗𝘢𝘤𝘪𝘧𝘪𝘤 𝘵𝘳𝘢𝘷𝘦𝘭 & 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘪𝘯𝘤𝘭𝘶𝘥𝘦 𝘴𝘵𝘳𝘰𝘯𝘨 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘨𝘳𝘰𝘸𝘵𝘩, 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘪𝘯 𝘥𝘪𝘴𝘱𝘰𝘴𝘢𝘣𝘭𝘦 𝘪𝘯𝘤𝘰𝘮𝘦, 𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘢𝘨𝘨𝘳𝘦𝘴𝘴𝘪𝘷𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘤𝘢𝘮𝘱𝘢𝘪𝘨𝘯𝘴. 𝘐𝘯 𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯, 𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘪𝘯 𝘭𝘪𝘧𝘦𝘴𝘵𝘺𝘭𝘦, 𝘳𝘪𝘴𝘦 𝘪𝘯 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘰𝘯, 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘪𝘯 𝘢𝘤𝘤𝘦𝘴𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘵𝘳𝘢𝘯𝘴𝘱𝘰𝘳𝘵 𝘧𝘢𝘤𝘪𝘭𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘰𝘵𝘩𝘦𝘳𝘴 𝘩𝘢𝘷𝘦 𝘧𝘶𝘦𝘭𝘦𝘥 𝘵𝘩𝘦 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘨𝘳𝘰𝘸𝘵𝘩 𝘰𝘧 𝘵𝘩𝘦 𝘵𝘳𝘢𝘷𝘦𝘭 & 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘪𝘯 𝘈𝘴𝘪𝘢-𝘗𝘢𝘤𝘪𝘧𝘪𝘤, 𝘸𝘩𝘪𝘤𝘩 𝘪𝘯 𝘵𝘶𝘳𝘯 𝘴𝘶𝘱𝘱𝘭𝘦𝘮𝘦𝘯𝘵𝘴 𝘵𝘩𝘦 𝘨𝘳𝘰𝘸𝘵𝘩 𝘰𝘧 𝘵𝘩𝘦 𝘔𝘐𝘊𝘌 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘳𝘦𝘨𝘪𝘰𝘯."

Asia-Pacific is one of the fastest developing regions in the world, and thus, strong economic growth is one of the major factors that boosts the growth of the MICE industry in this region. Despite slow growth of the Chinese economy, countries such as Singapore, Thailand, Japan, and India, have experienced demand from buyers at record levels in recent years and offer lucrative business opportunities for investors. Rapid growth in the business travel sector in recent decades has positioned Asia-Pacific as the largest market in the world.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐌𝐈𝐂𝐄 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Questex LLC
• CWT Meetings & Events
• IBTM Events
• BCD Meetings and Events
• Capital Travel and Events
• CiEvents
• Conference Care Ltd.
• The Freeman Company
• ATPI Ltd.
• Interpublic Group of Companies Inc.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐌𝐈𝐂𝐄 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

○ This report provides a quantitative analysis of the current trends, estimations, and dynamics of the Asia-Pacific MICE industry from 2018 to 2025 to identify the prevailing market opportunities.
○ The key countries in all the major regions are mapped based on their market share.
○ Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
○ In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
○ Major countries in Asia-Pacific MICE industry are mapped according to their revenue contribution to the industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
○ The report includes the analysis of the key players, market segments, application areas, and growth strategies..

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/5146

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐌𝐈𝐂𝐄 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭:

○ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
○ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
○ Classify potential new clients or partners in the target demographic.
○ Develop tactical initiatives by understanding the focus areas of leading companies.
○ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
○ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
○ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
○ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
○ Create regional and country strategies on the basis of local data and analysis.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ MICE Industry Market is estimated to reach $1,337.4 billion by 2028
https://www.alliedmarketresearch.com/MICE-industry-market

○ Virtual Tour Market is projected to reach $6.5 billion by 2030
https://www.alliedmarketresearch.com/virtual-tour-market-A15786

○ Sports Training Market is projected to reach $18.85 billion by 2031
https://www.alliedmarketresearch.com/sports-training-market-A16942

○ Sports Events Market is projected to reach $609.07 billion by 2031
https://www.alliedmarketresearch.com/sports-events-market-A16874

○ Europe Events Market is projected to reach $123.9 billion by 2030
https://www.alliedmarketresearch.com/europe-events-market-A15957

○ Music Event Market is projected to reach $481.4 billion by 2031
https://www.alliedmarketresearch.com/music-event-market-A08029

○ Lottery Market is projected to reach $430.4 billion by 2031
https://www.alliedmarketresearch.com/online-lottery-market-A14339

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