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Finshots Daily

India wants a bigger bite of the MICE tourism pie

Sep 22, 2023
06:35
Snipd AI
India's plans to increase its share in the global MICE tourism market by enhancing infrastructure and government support. The potential of the MICE tourism industry in India, including government-backed convention centers and the importance of exhibitions for India's success.
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Quick takeaways

  • India aims to double its share in the global MICE business to 2% within the next five years.
  • Improving infrastructure and streamlining regulatory processes are key challenges India faces in expanding its MICE tourism industry.

Deep dives

India's Plan to Boost Tourism Through MICE Program

India aims to increase its share in the global MICE business by implementing the MICE (Meetings, Incentives, Conferences, and Exhibitions or Events) program. With less than 1% share in the global MICE industry, India sees immense potential in this sector. Recent events like the G20 Summit and the ICC Men's Cricket World Cup have shown a positive impact on business travel. Delhi, for instance, experienced a significant increase in travel demand and revenue per room during the G20 Summit. Thomas Cook also reported a substantial growth of 289% in their MICE business. India's goal is to double its share in the global MICE business to 2% within the next five years.

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