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.
Business travel has a significant part in the increase of tourism in any state. Understanding that India is a possible market for expansion, tourism and travel companies around the globe are capitalizing on India's outbound MICE section and introducing incentives and offers to attract more variety of travelers.
Some nations have declared visa reforms like lower visa fees, free visa, e-visa, visa-on-arrival as an incentive to a lot of visitors. Hotel chains are especially constructing big ballrooms to run conferences while additionally supplying bespoke solutions, special room rates, curated foods that appeal to the demands of company groups. Indians enjoy destination weddings to go through the huge day of life in a gorgeous place that also extends to a family vacation offering enjoyable activities. Countries offering simple access to Indian food, quick visa process, excellent hospitality, and several luxury hotel options have drawn Indians towards destination weddings. Also, pre-wedding photo shoots at exotic places can be a trend that's catching up.
Business travel pushes business growth. India is becoming a powerful source marketplace for Outbound MICE including company meetings, traveling incentives for workers, conferences, big events, and exhibitions; is among the fastest growing sections of the Indian online travel industry. According to a report from the World Travel and Tourism Council, business travel spend has been predicted to rise by 6.7 percent p.a. in 2018 to $806.4 billion, and increase by 7.0 percent p.a. to $1,589.7 billion in 2028.
Through time, the Indian aviation industry has seen many improvements with built-in international airports and Indian airlines expanding their footprint into key cities throughout the planet, thus profiting Indian MICE travelers to explore new destinations.
To conclude, along with Indian corporates expanding their international footprint, company executives traveling abroad are integrating work with joy by taking their families together and expanding their company trips for leisure. Awareness of destinations that are newer, have better flight connectivity, and have more economical airfares will drive the requirement for outbound MICE from India.