PUBLISHER: Market Research Future | PRODUCT CODE: 1591347
PUBLISHER: Market Research Future | PRODUCT CODE: 1591347
The MICE market is anticipated to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 8.3%. In 2023, the market was estimated to be worth USD 441002.1 million and is anticipated to reach a value of USD 901024.3 million by the conclusion of the forecast period (2024-2032).
The MICE markets in the Middle East and Europe are primarily propelled by the regions' growing economic integration and globalization. Corporate meetings and professional events become increasingly crucial for the development of strategic connections, the sharing of expertise, and the promotion of collaboration as firms expand globally. Additionally, the demand for MICE events has increased as a result of the ease with which workers can travel and remain connected, which has been facilitated by advancements in transportation and communication technologies. Businesses have been able to engage in these operations as a result of the economic stability and prosperity in these regions, which has ensured the ongoing expansion of the market.
The accelerated development of infrastructure that is specific to MICE is another significant factor. Europe boasts an abundance of hotel accommodations that are equipped with contemporary amenities to accommodate large-scale events, as well as conference centers and exhibition halls of exceptional quality. Paris, London, Frankfurt, and Barcelona are renowned for their exceptional hospitality services and state-of-the-art venues. Similarly, the United Arab Emirates and Qatar have made substantial investments in contemporary MICE infrastructure in the Middle East. For instance, Dubai has become a global conference and exposition destination as a result of its strategic location and exceptional facilities. International events are attracted to this substantial infrastructural development, which contributes to the expansion of the MICE industry.
Meetings, incentives, conferences, and exhibitions comprise the Europe and Middle East mice market, as determined by the event type.
The Europe and Middle East mice market has been divided into Online and Offline categories based on Booking Mode.
The Europe and Middle East Mice Market report has been segmented by region, specifically Europe and Middle East & Africa.
BCD Travel, Special Holidays Travel Pvt Ltd, Maritz, ITA Airways, ATPI, FCTG (Flight Centre Travel Group), Plan Journeys Pvt. Ltd., MICE Capital, and The Creative Group are among the principal participants in the region.