Virtual and hybrid events are viewed as a possible alternative in the current situation. They provide financial benefits where companies are seriously trying to cut costs and removes the logistical and financial barriers, expanding the audiences as well.
Global MICE Industry Market 2021 debates the report moreover centers around global giant manufacturers of the MICE Industry with dynamic information like company profiles, market segmentation statistics, demanding situations and limitations, industry value, cost, sales, income, and much more information. This study provides key facts at the state of the industry and is a valuable supply of steerage and path for organizations and people inquisitive regards the market.
Although COVID-19 was initially noted in the APAC countries of China and South Korea, reports suggest that China, South Korea, Japan, and Singapore will regain normalization relatively faster than their western counterparts.
As per the World Trade Organization, global international tourist arrivals could decline 20–30% by 2020 and result in a loss of USD 50 billion.
The objective of the study is to outline market sizes of various segments and nations in previous years and to estimate the values for the next five years. The report is Intended to offers the most segmented consumption and sales data of diverse types of MICE Industry, downstream consumption fields, and competitive landscape in numerous regions and countries around the globe, this report studies the latest market data from the primary and secondary imposing sources.
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MICE Industry Market Report Highlights:
• Comprehensive summary of parent market & supernumerary market
• Shifting market dynamics in the industry (like COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Drivers, Restraints, Growth with Historical & Forecast Analysis)
• Recent industry updates and growth activity
• Competitive landscape (Emerging Vendors & Market Share Analysis for Major Players along with complete Profiles)
In August 2019, Caribbean Meeting & Incentive travel Exchange (CMITE) lately planned event to increase the growth in business tourism and upsurges the brand promotion.
The report also offered market size (value and volume). Furthermore, the report also provides detailed information regards crucial aspects like drivers and restraining factors, which will describe the future growth of the MICE Industry market.
The MICE Industry Market Has Been Segmented as Below:
By Type: Meetings, Incentives, Conferences, Exhibitions
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Market Study and Insights: Global MICE Industry Market
Since the worldwide COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the world with the WHO (World Health Organization) stating it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already preliminary to be felt, and will expressively affect the MICE Industry market in 2021.
COVID-19 can disturb the global economy in three major ways: by directly affecting production and demand, by generating supply chain and market disruption, and by its financial influence on companies and financial markets.
The outbreak of COVID-19 has transported effects on various aspects such as flight cancellations; travel bans, and quarantines; restaurants closed; all indoor events constrained; over forty countries state of emergency declared; huge slowing of the supply chain; stock market instability; falling business confidence, rising panic among the population, and uncertainty regards future.
MICE Industry Market, By Company
Maritz, BI Worldwide, Ltd., ITA Group, Inc., One10, LLC, Meetings and Incentives Worldwide (M&IW), Creative Group, Inc., ACCESS Destination Service, 360 Destination Group, CSI DMC, Carlson Wagonlit Travel, IBTM, Capita Travel, BCD Group, Ci Events, ATPI Ltd, Conference Care Ltd, The Freeman Company, The Interpublic Group of Companies, Inc.
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Geographically, this report is segmented into various key regions, with industry sales, revenue, global market shares, and growth rate of MICE Industry in these regions, from 2017 to 2029, covering
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What does the MICE Industry Market Report Offer?
The market report provides qualitative and quantitative visions on the industry and an in-depth analysis of the size & growth rate for all segments impacting the market growth. Also, the report offers an insightful study of market dynamics, opportunities, evolving trends, and competitive landscape. The valuable insights obtainable are based on the latest trends, latest industry developments like mergers & acquisitions, partnerships, and others by adopting various research methodologies that will affect the development of the now and future market growth during the estimated period.