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and China, whose business travel markets have expanded 13.4% The strengthening meetings, incentives, conferences and exhibitions (MICE) sector has also made major economic contributions, with businesses worldwide investing more in corporate travel that builds relationships both within teams and extended networks. billion, a $1.2
Trends and Innovations Shaping the MICE Industry The business events industry, known as MICE (Meetings, Incentives, Conferences, and Exhibitions), is a major driver of economic growth in North America. According to a report by Statista, the global virtual events market is expected to grow at a compound annual growth rate (CAGR) of 23.2%
The Hong Kong Tourism Board (HKTB) reported that the special autonomous region (SAR) experienced strong rebound for Meetings, incentives, conventions and exhibitions (MICE) tourism in the first six months of 2024. The post Hong Kong MICE sector shows strong recovery appeared first on TD (Travel Daily Media) Travel Daily Media.
He mentioned that they always look for ways to do things differently, ensuring that incentive groups or business schools are always surprised and delighted. He mentioned they are looking forward to exceeding their targets this year, with some markets already showing positive signs. Anecdotally, the sentiment is very positive.
Revenue in the global travel and tourism market is projected to reach $854.7 Allied Market Research valued the global business travel market at $689.7 The global luxury travel market, meanwhile, is on course to pass $440 billion by the end of this decade, according to research from Coherent Market Insights.
APAC is a key market for GBTA, and we are delighted to support FCM on this event which will enable leaders in the market to reconnect, learn, and inspire one another to move the industry forward collectively.’ billion in 2027 and the industry will witness some exciting developments.
Having celebrated its 40 th anniversary in 2023, the company is now embarking on a sustainable growth strategy that will introduce its unique style of family-centric hospitality to multiple new markets, including dynamic Middle Eastern destinations, as it strives to become one of the planet’s top 100 hotel operators by 2027.
It is no secret that the motivation of the quintessential fun and sun incentive trip will stand the tests of time. Are You Ready to Start Planning Your Next Incentive Trip? Incentive travel with no limits Learn More Drop us a line let us turn your travel ideas into reality!
For instance, the global sustainable tourism market was valued at $3.3 trillion by 2032, growing at a CAGR of 14% from 2023 to 2032 as per Allied Market Research. The travel technology market is set to grow at a steady pace, highlighting the increasing role of tech in travel. trillion by 2027. trillion by 2027.
For instance, the global sustainable tourism market was valued at $3.3 trillion by 2032, growing at a CAGR of 14% from 2023 to 2032 as per Allied Market Research. The travel technology market is set to grow at a steady pace, highlighting the increasing role of tech in travel. trillion by 2027. trillion by 2027.
Trends and Innovations Shaping the MICE Industry The business events industry, known as MICE (Meetings, Incentives, Conferences, and Exhibitions), is a major driver of economic growth in North America. According to a report by Statista, the global virtual events market is expected to grow at a compound annual growth rate (CAGR) of 23.2%
The continuous growth translates into higher competition which subsequently involves the need for differentiation and innovation in marketing. And while traditional marketing is undoubtedly efficient, companies may need help to build an overflowing opportunity pipeline and a loyal customer base.
Once a small market, its now hit the mainstream. Globally, the non-alcoholic drinks market is growing 7% each year. By 2027, its expected to make up almost 4% of the overall alcohol market, according to drinks market analysts, IWSR. The rise of alcohol-free drinks shows no sign of slowing.
Comparing cruise lines for a potential meeting or incentive? Air Force grant, the company is working toward its first full-scale demonstrator flight in 2027. Weve always believed that the journey is just as important as the destination, says Kacy Cole, Holland America Lines chief marketing officer. Backed by a U.S.
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