Euromonitor International

According to the Report, India’s businesses are rapidly becoming more international and seeking new destinations across the globe for MICE and business travel. In 2012 MICE and business travel accounted for 32 per cent of all outbound travel, totalling 4.9 million trips, this is set to grow by an estimated 62 per cent by 2017. It also highlights the rapid development of India’s MICE facilities along with easy access from worldwide destinations; it has emerged as one of the most sought after MICE destinations. In 2012, inbound MICE and business travel accounted for 41 per cent of all inbound travel totaling 2.9 million trips and is set to increase by an estimated 73 per cent by 2017.