MICE BLog and Press Release

Catch up on all the updates of MICE Conclave 2018

"Meet Interact Connect & Expand"

MICE Industry Update by Major Nitesh Kala

November 20th 2018

1. Which are the major existing and upcoming MICE Destinations in India and Globally? In India, the major existing MICE destinations are New Delhi, Goa, Jaipur, Mumbai, and Agra. The upcoming ones are Cochin, Hyderabad, Bengaluru, Chennai & Bhubaneswar. Globally the existing MICE destinations are Shanghai, Sydney, Tokyo, Singapore, and Dubai. The upcoming ones are Malaysia, Hong Kong, Macau, Auckland, and South Korea.
2. How are Millennials changing the landscape of travel? Millennials, a generation armed with higher education, better jobs, stronger income and an explosion of cheaper worldwide travel options are changing the landscape in the travel industry. Based on a GfK study on Asian Millennial travelers (AMTs) in six countries Singapore, Malaysia, Indonesia, China, Japan, and Australia. 61% of AMTs said they want a customizable experience when sight-seeing, compared to only 38% who prefer a packaged or group-led tour. 80% said they want to visit somewhere they have not visited before, while 77% say they would choose destinations where they can do new activities and gain new experiences. …

INDIA – A favorable source for outbound MICE business

October 22nd 2018

Business travel is really an investment which drives great returns within a stipulated time period. As companies are on an international growth, it's crucial for corporates to satisfy global sellers and buyers and also to be observed at significant international events. Additionally, incentivizing workers to visit exotic places has become the method for many multinational businesses to boost functionality. The Middle East and Asia believe in India being one of the most significant source markets for MICE tourism. There are various factors that drive outbound MICE travel from India to various countries considerably contributing to their business growth. Industry meetings, international commerce events, business conferences, and special conferences have consistently attracted global crowds. Such big events need massive spaces, experience to organize and tactical planning which states have undertaken attempts to develop. Many destinations have assembled exhibition and convention facilities to host big events and attract momentum into MICE tourism. …

Digital transformation of Travel and Hospitality

September 20th 2018

The hospitality and travel industry is rapidly growing with the increasing adoption of varied tools, technologies and digital platforms to boost customer experience, construct powerful loyalties and operate companies economically. These include mobile applications, social media, Big Data analytics, artificial intelligence (AI) and machine learning, virtual reality (VR) and augmented reality (AR). Additionally, online sale of travel reservations in India is forecast to grow at a healthy rate of 14.8 percent Compound Annual Growth Rate (CAGR) at INR1,512.7 billion (USD22.3 billion) in 2017 to INR2,625.7 billion (USD38.7 billion) in 2021. Apparently, Indian travelers are demonstrating high affinity towards engineering use in traveling; this tech-friendly Indian traveler could be characterized as under. …

The best practices in MICE Procurement for event

Over the past decade, there has been a considerable rise in procurements’ role and impact in sourcing MICE services. This trend has evolved largely due to the steps taken by large organizations towards refining their strategic programs for inculcating events, incentive travel, and outbound meetings, going a step ahead of traditional meetings …

8 myths about networking events that need to be busted

Networking is the key to being relevant in the industry. When it comes to seeking business associations, attending networking events is the best way forward. When done correctly and genuinely, networking is flattering to other people and they actively participate in discussions regarding one’s organization, services provided, business goals and ambitions. …

Pressrelease

Meetings, Incentives, Conferences, and Exhibitions (MICE) and luxury tourism have experienced exponential growth in the last decade with increased connectivity, robust business environment, and technological advancement in travel and related processes. …

Technology in Travel; Overhauling MICE

The world of business travel is being contrived with technological innovations and are being used within the meetings, incentives, conference, and expos. With travel-tech being the cynosure, the companies are poised to disrupt the user experience, while saving cost and optimizing price. …

Pressrelease

The meteoric rise of the Indian travel market in the recent past has been both intriguing and encouraging to the travel industry both in India and overseas. With a CAGR* of 13% in 2017 and featuring at the 3rd place among the top 15 markets ranked by 2012 - 2017 CAGR, Indian travel market is only just beginning the stint to realize its true potential. In spite of this outstanding growth, a vast range of untapped potential awaits to be explored with the right channels and due diligence. One such very promising aspect of India’s travel potential is its business travel sector fostering the MICE market that currently generates over 5.1 million tourists annually. …

    Pressrelease

    The astounding growth of the MICE market in India over the last decade has triggered a plethora of business opportunities for an array of hospitality and travel driven industries. India is the second fastest growing nation in gross numbers of outbound travelers after China and with a projected CAGR of 12% over the course of next five years, GBTA expects the country to climb into the sixth spot by 2019 in terms of market value. Nurturing a vision to complement this meteoric rise of this robust MICE market and connect the global solution providers to the domestic buyers across India, MICE Conclave has been conceived by Exito Media Concepts. …