MiCE wit­ness­ing ex­po­nen­tial growth

Micetalk - - Quick Bytes -

Be­ing at IMWF 2018 it­self was a big gainer. The show­case of An­talya as a MiCE and wed­ding des­ti­na­tion was a great know-how. The In­dian MiCE in­dus­try has shown an ex­po­nen­tial growth over the years. The in­ter­na­tional MiCE in­dus­try reg­is­terd a com­pound an­nual growth rate (CAGR) of 7.5 per cent in 2016, whereas Asi­aPa­cific re­gion had a CAGR of 8.6 per cent, in which In­dia has one of the big­gest pie. Do­mes­tic cor­po­rates are sig­nif­i­cantly in­creas­ing spend year on year. Con­fer­enc­ing and em­ployee as well as dealer in­cen­tive pro­grammes have opened doors for a higher de­mand for rooms and meet­ing fa­cil­i­ties. The ease of visa re­stric­tions in many coun­tries and con­nec­tiv­ity to ma­jor MiCE des­ti­na­tions from In­dia has re­sulted in the rapid growth of the MiCE and tourism in­dus­try. This growth has only prompted In­dian MiCE com­pa­nies to ex­plore newer des­ti­na­tions for their MiCE needs.”

Vinod Pillai Di­rec­tor In­sta­tourism

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