Tag Archives: and India

MiCE industry to be valued $1245 bn in 2023: Study

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The meetings and events industry is projected to reach $1245 billion in 2023, registering a CAGR of 7.5 per cent growth from 2017 to 2023, states a new report published by Allied Market Research, titled, ‘MiCE Industry by Event Type: Global Opportunity Analysis and Industry Forecast, 2017-2023’. According to the report,  the global MiCE industry was valued at $752 billion in 2016. This growth is seen to emerge from rapid globalisation and expansion of service industries, and evolution of scientific and technological innovations. The meetings segment dominated the global MiCE industry in 2016, due to the growth of the travel and tourism industry, increase in international business travels, and rise in government initiatives for the development of MICE segment & SME sector. Recent trends of organising hybrid meetings, and use of social media and meeting apps are  expected to the boost market growth in the near future. Asia-Pacific is expected to witness the highest growth rate of 8.6 per cent during the forecast period. This region is significantly driven by emerging countries such as Singapore, China, and India. Moreover, ease of visa restrictions, investments in better infrastructure, and high demand in commercial aviation further fuel the growth of the Asia-Pacific MiCE industry. The report also stated that in 2016, Europe dominated the global market with more than 42 per cent market share, in terms of value.

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Delta rolls out RFID tags for Heathrow travellers

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Delta’s focus on innovation has moved up a gear with the roll out of a new service which allows customers to keep track of their checked bags on its flights between London Heathrow to the United States via their mobile phones. Radio Frequency Identification bag tags are added to all checked luggage enabling customers to receive real-time updates on the whereabouts of their luggage from check-in to the arrival carousel. The tags are read by RFID antennas at various points along the journey and customers receive push notifications via their phones on the Fly Delta app, setting new standards for what customers can expect when they travel with Delta. “Carrying more than 1.3 million bags between London Heathrow and the United States each year, our new service gives customers peace of mind because they know we’re looking after their bags every step of the way,” said Corneel Koster, Delta Senior Vice President, Europe, Middle East, Africa, and India. “Following a successful roll-out in the US, we are on track to equip all of our international stations, including Heathrow, with this technology as part of our continued efforts to improve our customer experience.” Initial results of RFID-tagged items show they are tracked at a 99.9 percent success rate, ensuring proper routing and loading. In addition to live updates, customers can also access a map view of their bag’s journey when travelling in the United States through the Delta Fly app. Delta has invested more than $50 million to ensure the accurate routing and loading of the 180 million bags it handles each year. This commitment to reliability has been recognised with Delta recording the lowest mishandled bag numbers in US Department …

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