India's MICE Market Needs an Uplift
Outlook Business|October 2023
India’s booming economy and rising number of business visitors have contributed to the spectacular expansion of the country’s outbound meetings, incentives, conferences and exhibitions (MICE) travel sector. Unfortunately, the same is not the case for the inbound MICE market. India attracts less than 1% of the worldwide MICE industry despite its extensive history, tourist attractions and new economic centres.
India's MICE Market Needs an Uplift

One of the significant factors hurting India’s inbound MICE sector is the need for more conference and exhibition facilities. Large-scale conventions, trade shows and meetings rely heavily on these locations. Sadly, India’s conference facilities have limited capacity and amenities, making it challenging to host international MICE events.

Attracting foreign delegates also requires an adequate transportation infrastructure, such as well-connected airports and a dependable public transit system. While many of India’s larger cities have international airports, secondary cities’ potential as MICE destinations depends in no little part on their accessibility.

Setting Things Right Funding the construction of modern conference and exposition halls in strategic locations is essential. India’s potential to host international MICE events may be significantly improved by expanding current facilities and constructing new venues with contemporary amenities. Collaboration and infrastructure development are two areas where public-private partnerships may be crucial.

Promoting India as a destination for international events requires highlighting the country’s rich cultural history, one-of-a-kind attractions and welcoming business climate. Bringing in foreign MICE delegates may be facilitated by working with tourist boards, industry groups and internet marketing platforms to highlight India’s best features.

Other factors to take note of are liberal policies, minimal cacophony of socially active groups, safety, cleanliness, efficiency and curbing the hooliganism which haunts single or group travellers.

هذه القصة مأخوذة من طبعة October 2023 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 2023 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من OUTLOOK BUSINESS مشاهدة الكل
Coalition Karma
Outlook Business

Coalition Karma

In the winter of 2011, the world watched as international crude prices surged amid the chill of economic uncertainty, casting a shadow of concern over the global economy.

time-read
10+ mins  |
July 2024
MARKET MAVERICK
Outlook Business

MARKET MAVERICK

For FCB Group India CEO Dheeraj Sinha, music makes life easier, and writing is the best way to get clarity of thinking

time-read
3 mins  |
July 2024
AN INSIDE STORY OF THE BANKERS' BANK
Outlook Business

AN INSIDE STORY OF THE BANKERS' BANK

Reserve Bank of India is not perfect. It has room for improvement. Alpana Killawala, who handled RBI's communication for over 26 years, uncovers insider facts about the central bank and its governors, from S. Venkitaramanan to Raghuram Rajan, drawn from her extensive experience as the communication officer

time-read
4 mins  |
July 2024
THE GAMES WE PLAY
Outlook Business

THE GAMES WE PLAY

For the youngest and most populous nation in the world, India's sporting achievements leave much to be desired. Things are changing, but they need to change way more quickly

time-read
6 mins  |
July 2024
Realty Gets a Luxe Push
Outlook Business

Realty Gets a Luxe Push

A post-Covid rebound in the economy and NRIs are pushing the sale of luxury properties in metros as well as smaller cities

time-read
5 mins  |
July 2024
Backroom Revolution
Outlook Business

Backroom Revolution

Availability of skilled talent pool along with competitive costs have made India a major attraction for MNCs to set up their support centres, commonly known as GCCs

time-read
6 mins  |
July 2024
'GOOD GOVERNANCE IS THE CORNERSTONE OF GOOD BUSINESS'
Outlook Business

'GOOD GOVERNANCE IS THE CORNERSTONE OF GOOD BUSINESS'

Shikha Hora Kamdar, head, retail assets & ESG, IDFC FIRST Bank, talks about how the bank is integrating sustainability in its operations

time-read
4 mins  |
July 2024
PRASAR BHARATI STRIKES BACK
Outlook Business

PRASAR BHARATI STRIKES BACK

As smartphones take over TV as the primary source of entertainment in India, the national broadcaster is planning a comeback

time-read
6 mins  |
July 2024
NBFC LICENCE, PLEASE
Outlook Business

NBFC LICENCE, PLEASE

Fintech firms are queueing up outside RBI’s office seeking NBFC licences as they see loans as a sure-fire way to profitability. But things are not as easy as they seem.

time-read
6 mins  |
July 2024
WALKING A TIGHTROPE
Outlook Business

WALKING A TIGHTROPE

Cybercriminals are taking over vast parts of India's increasingly digitalised financial markets. The SEBI wants to act, but it cannot afford to spook rookie retail investors

time-read
6 mins  |
July 2024