MICE Industry Set for Major Growth Despite Challenges

The meetings, incentives, conventions, and exhibitions (MICE) market is estimated to grow by USD 167 billion from 2022 to 2027 at a CAGR of 9.2%.
The market is fragmented due to the presence of companies like 360 Destination Group, ATPI Ltd., BCD Group, and others.
North America is estimated to contribute 34% to the global market growth during the forecast period.
Digitalization of travel payments is an impactful driver, while the threat of growing terrorism is a major challenge.
The meeting segment is estimated to witness significant growth during the forecast period.

prnewswire.com

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Posted 9/24/2023, 8:45:00 PM