NEW YORK, September 24, 2023 /PRNewswire/ — The meetings, incentives, conventions and exhibitions market (mouse) expected to grow by $167 billion from 2022 to 2027, with growth CAGR of 9.2%. The meetings, incentives, conventions and exhibitions (MICE) market is fragmented due to the presence of many global and regional companies. Some leading companies catering to the meetings, incentives, conventions and exhibitions (MICE) market are 360 Destination Group, ATPI Ltd., BCD Group, BI WORLDWIDE, Capita Plc, Carlson, Inc., Conference Care Ltd. , Spark Coterie, CSI. DMC, Direct Travel Inc., Flight Center Travel Group Ltd., GL events Group, ITA Group Inc., Maritz Holdings Inc., Meetings and Incentives Worldwide Inc., One10 LLC, Questex Media Group LLC, RELX Plc, REVEZ Corp. Ltd. ., and Support Europe. The report provides a comprehensive list of key companies, their strategies and latest developments. Download a FREE sample before purchasing
Destination Group 360 – The company offers meetings, incentives, conventions and exhibitions such as off-site events, virtual and hybrid events and conferences.
ATPI Ltd. The company is offering incentives to create a unique conference experience to empower staff for the year ahead, providing an environment where attendees can focus on planning and forecasting, while including fun and interactive to their overall experience.
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By geography, the market is classified as North America, EuropeAsia Pacific, Middle East And AfricaAnd South America. North America will have the largest market share.
North America is estimated to contribute 34% to the growth of the global market during the forecast period. The competitiveness of the North American tourism sector has increased significantly, leading to excess demand for air travel. This is leading to a MICE market share war between traditional airlines and low-cost carriers, particularly on popular routes, which is likely to lead to expected price cuts. However, the low prices offered will help offset the increase in additional fees, as they continue to view them as a new source of revenue. Additionally, this growth is due to the increasing number of online portals that have the potential to positively impact the US business travel industry. Detroit, Phoenix, Cleveland, MinneapolisAnd Denver remain the most popular business travel destinations in the United States. Therefore, these factors are expected to boost the market growth in the region during the forecast period.
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Impactful driver- Digitalization of travel payments
Key trend – Rapid increase in globalization
Major challenges – the threat of growing terrorism
By type, the market is classified into meetings, incentives, exhibitions and conventions. THE meeting The segments are estimated to witness significant growth during the forecast period.
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What is the impact of major trends on the market?
How big is the North America walk?
How are the key drivers and challenges impacting the market?
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2 Market Landscape
3 Market sizing
4 Historical market size
5 Analysis of the five forces
6 Market Segmentation by Type
7 Market Segmentation by Service
8 Customer landscape
9 Geographic landscape
10 drivers, challenges and trends
11 Business Landscape
12 Company Analysis
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