India to generate 2mn outbound MiCE tourists by 2020: Report

According to a report, the Indian sub-continent is reaping positive growth trends for the its Meetings, Incentives, Conferences and Exhibitions (MICE) segment. The India Outbound Meetings, Incentives, Conferences and Exhibitions Tourism Market Report: Country Outlook, Analysis, Size, Share and Forecast 2018 – 2025 states that the country’s outbound tourism market is expected to exceed US$ 45 Billion by 2025, the report also showcased that India shall generate more than two million outbound MiCE tourists by 2020. The report has used data and analysis to discuss potential lucrative opportunities and future trends related to India outbound MiCE travellers flow, revenue and main destination markets. A detailed country-wise analysis of the market is provided, covering a total of 15 countries, including  Thailand, Malaysia, Singapore, Dubai, Mauritius, Macau, South Korea, New Zealand, Indonesia, United States, Oman, Turkey, Taiwan, South Africa, Australia and more.

Some of the findings of the report also included:

  • India is poised to be the world’s fastest-growing outbound MiCE tourism market.
  • India is the largest source market for Dubai and Singapore MiCE industry.
  • Indian MiCE travellers are likely to become major spenders in the United States and Dubai.