INDIA MEETINGS, INCENTIVES, CONFERENCES AND EXHIBITIONS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

India meetings, incentives, conferences, and exhibitions (MICE) market has experienced significant growth in recent years. MICE tourism refers to the organization and the hosting of various events, conferences, trade shows, and exhibitions. India, with its rich cultural heritage and diverse destinations, has emerged as an attractive MICE destination globally.

India offers a wide range of options, from vibrant cities like Delhi, Mumbai, and Bangalore to picturesque destinations like Jaipur, Kerala, and Goa. The country's world-class infrastructure, with top-notch convention centers, hotels, and transportation facilities, has further bolstered its position as a preferred MICE destination.

Market Dynamics:

India meetings, incentives, conferences, and exhibitions market is primarily driven by a combination of factors, including increasing corporate travel, government initiatives to promote tourism, growing investments in the hospitality sector, and the emergence of new MICE destinations. The market also benefits from India's strategic location, thus making it easily accessible from major global cities.

However, there are certain challenges that need to be addressed for sustained growth. These include intense competition from other MICE destinations, infrastructure constraints in some regions, fluctuating exchange rates, and the impact of geopolitical conflicts on international travel.

Despite these challenges, India MICE market offers several opportunities for growth. The rise of technology-enabled event management solutions, growing demand for experiential events, and the integration of sustainability practices in the MICE sector present avenues for innovation and expansion. Government initiatives to promote niche segments like medical tourism and eco-tourism are expected to drive further market growth.

Key Features of the Study:

• This report provides a comprehensive analysis of the India meetings, incentives, conferences, and exhibitions (MICE) market, including market size (in US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), with the base year being 2022
• The study identifies potential revenue opportunities across different segments and presents attractive investment proposition matrices for the market
• It offers key insights into market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• The report profiles key players in the India meetings, incentives, conferences, and exhibitions (MICE) market, highlighting their company profiles, product portfolios, financial performance, and strategies
• The study includes prominent market players such as Tamarind Global, Cox & Kings, SOTC, Thomas Cook, Kuoni India, ITDC, Ferns N Petals, Wedniksha, Red Fox Hotel, Le Passage to India, Blank Canvas, Envent Worldwide, Orange County Resorts & Hotels, The Park Hotels, The Leela Palaces, Hotels and Resorts, ITC Hotels, Marriott International, Radisson Hotel Group, Hyatt Hotels Corporation, and Hilton
• The insights provided in this report will enable marketers and management authorities to make informed decisions regarding product launches, market expansion, and marketing tactics
• The report caters to various stakeholders in the India meetings, incentives, conferences, and exhibitions (MICE) market, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders will benefit from the various strategy matrices used in analyzing the India meetings, incentives, conferences, and exhibitions (MICE) market, facilitating informed decision-making.

Detailed Segmentation:

• India Meetings, Incentives, Conferences and Exhibitions Market, By Event Type
  • Meetings
  • Incentives
  • Conferences
  • Exhibitions/Trade Fairs
  • Events
  • Others
• India Meetings, Incentives, Conferences and Exhibitions Market, By Organization Size
  • Small Scale Organization
  • Medium Scale Organization
• India Meetings, Incentives, Conferences and Exhibitions Market, By Revenue Source
  • Registration Fee
  • Sponsorship
  • Exhibitor Fee
  • Others
• India Meetings, Incentives, Conferences and Exhibitions Market, By End Use Industry
  • Corporate
  • Association
  • Government
  • Education
  • Others
• India Meetings, Incentives, Conferences and Exhibitions Market, By Destination Type
  • Domestic
  • International
• India Meetings, Incentives, Conferences and Exhibitions Market, By Region
  • North Region
  • East Region
  • West Region
  • South Region
  • North East Region
• Top Companies in India Meetings, Incentives, Conferences and Exhibitions Market
  • Tamarind Global
  • Cox & Kings
  • SOTC
  • Thomas Cook
  • Kuoni India
  • ITDC
  • Ferns N Petals
  • Wedniksha
  • Red Fox Hotel
  • Le Passage to India
  • Blank Canvas
  • Envent Worldwide
  • Orange County Resorts & Hotels
  • The Park Hotels
  • The Leela Palaces, Hotels and Resorts
  • ITC Hotels
  • Marriott International
  • Radisson Hotel Group
  • Hyatt Hotels Corporation
  • Hilton