By Netpal Travel Bureau
DPI Research has published a new research report titled “India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market 2023: Outlook, Trends, Opportunities and Forecasts to 2031” in its research database.
According to the latest research study 2023, India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) tourism market size is expected to reach US$ 13.4 billion by 2031.
The Indian Outbound Tourism (MICE) is experiencing significant growth due to a combination of economic factors, government support, infrastructure development, and increasing awareness among businesses and individuals of the benefits of attending international MICE events. As India continues to expand its global business presence, the outbound MICE tourism market is likely to continue its growth trajectory.
The growth of India’s outbound MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism market is influenced by several key factors. MICE tourism is a significant segment of the overall travel industry. India’s increasing participation in this market can be attributed to the factors like Economic Growth, Globalization of Businesses, Infrastructure Development, Government Support, Rising Education and Skill Development, Diverse Business Sectors Corporate Incentive Programs Increasing Connectivity, Growing Awareness, Destination Diversity, Technology Advancements and Industry Collaboration.
India outbound MICE tourism market is a comprehensive study and presentation of drivers, restraints, opportunities, demand, market size, insights, forecast and trends for the period 2015 – 2031. In addition, the report provides historical market data from 2015 to 2022 and forecasts to 2031.
The report uses data and analysis to discuss potential lucrative opportunities, current and future trends related to Indian outbound MICE tourism flow, spending and key target markets. A detailed country-specific analysis of the market is presented, covering a total of 30 countries. The driving forces and restraints are studied in detail to better understand the market and identify future growth opportunities in the market