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.
Challenges and Solutions for India's MICE Tourism
To achieve its goals in MICE tourism, India faces two major challenges. First, infrastructure needs improvement, including the creation of more hotels that meet international standards and the development of convention centers and meeting halls that can accommodate large crowds. The government has extended infrastructure status to large-scale projects like exhibition centers and convention halls to address this. Second, regulatory processes need to be streamlined. The government plans to incentivize events by offering single-window clearances and reimbursing bid costs for major global events. Marketing India's hospitality along with these strategies could lead to success in the MICE tourism industry.