Market Overview
The Qatar meetings, incentives, conferences and exhibitions (MICE) market offers a unique value proposition driven by the country's growing tourism infrastructure and initiatives focused on positioning Qatar as a global MICE destination. The various facilities in Qatar ranging from convention centers, exhibition halls, and hotels catering to MICE events along with government support through initiatives like Qatar National Tourism Council (QNTC) have helped propel the industry's growth. In recent years, investments in projects such as Lusail City Convention Centre, Ras Bu Abboud Exhibition Centre have added to Qatar's MICE infrastructure. Moreover, flagship events like 2022 FIFA World Cup are anticipated to provide a fillip to the overall tourism sector in turn augmented demand for MICE facilities.
The Global Qatar MICE Market is estimated to be valued at US$ 1.93 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2030.
Key Takeaways
Key players in the Qatar Meetings, Incentives, Conferences and Exhibitions (MICE) Market Size include Qatar National Tourism Council, InterContinental Hotels Group PLC, Accor SA, and Hilton Worldwide Holdings Inc among others. Key players are focusing on expanding their presence and facilities across Qatar to capitalize on growing MICE demand. For instance, in 2022 Accor SA opened its first Raffles luxury hotel in Qatar to strengthen its position in high-end hospitality offerings for MICE events.
The Qatar government through initiatives like Qatar National Vision 2030 has identified tourism and entertainment as core economic pillars. As a result, developments of infrastructure projects, easing of visa norms and investments in the tourism sector present significant growth opportunities for MICE operators in Qatar. The successful hosting of 2022 FIFA World Cup is also expected to boost Qatar's global brand equity as a MICE destination going forward.
Qatar's strategic location has enabled it to emerge as a hub linking Middle Eastern, European, and African markets. Leading MICE operators are looking to strengthen Qatar's role as a gateway into the greater Gulf region through collaborative efforts focused on synergies across GCC nations. This will aid in attracting global MICE congresses and conferences to the country over the long run.
Market Drivers
One of the key drivers for the Qatar MICE market is the focus on developing world-class infrastructure to host large scale global events. Megaprojects under Qatar National Vision 2030 such as Lusail City Convention Centre, Doha Exhibition and Convention Centre provide state-of-the-art facilities to host MICE events of all sizes. This has helped Qatar bid for and successfully host landmark global sporting events like 2022 FIFA World Cup.
Market Restraints
Initial delays and cost overruns associated with some of the large infrastructure projects could impact the growth opportunities for MICE operators in the short to medium term. Additionally, Qatar currently relies heavily on international MICE clients and delegates flying into the country. Geopolitical tensions and trade conflicts in the region remain a challenge. However, the government is diversifying tourism offerings that could offset such restraints going forward.
Segment Analysis
The Qatar MICE market is segmented into meetings, incentives, conferences, and exhibitions. The conferences sub-segment dominates the market and is expected to continue its dominance over the forecast period. This is attributed to increasing corporate investments in organizing global and regional conferences in Qatar to promote their brand image among key stakeholders and target audiences. Conferences provide a common platform for professionals from various industries to network, exchange ideas, and explore business opportunities. Hence, major players prefer organizing and sponsoring large conferences for promoting their products and services.
Global Analysis
Regionally, North America holds the major share in the Qatar MICE market due to the presence of various international event management companies and growing business meetings and conferences in the region. However, Asia Pacific is expected to witness the highest growth during the forecast period owing to rising investments by governments to promote their countries as the preferred MICE destination. China, India, Indonesia, Thailand, Singapore, and Malaysia are emerging as top convention destinations in Asia Pacific. Additionally, Middle East and Africa is also projected to offer lucrative opportunities for market players because of increasing infrastructure developments to support the MICE industry in the region.
Segment Analysis
The Qatar MICE market is segmented into meetings, incentives, conferences, and exhibitions. The conferences sub-segment currently dominates the market. Conferences provide an ideal platform for professionals from various industries to network, exchange ideas, and explore potential business opportunities. Major corporate organizations prefer sponsoring and organizing large conferences to effectively promote their brands and products among key stakeholders and target audiences. This increases attendee engagement while also helping companies achieve their marketing and sales goals. As a result, conferences have emerged as the leading sub-segment of the Qatar MICE market.
Global Analysis
Regionally, North America holds a significant share of the Qatar MICE market currently due to the presence of major international event management companies. However, the Asia Pacific region is poised to witness the fastest growth over the forecast period. Countries like China, India, Indonesia, Thailand, Singapore, and Malaysia are increasingly being recognized as preferred MICE destinations. This is attributed to substantial investments by regional governments to develop world-class infrastructure and promote their countries. The Middle East and Africa region also presents lucrative opportunities for market players owing to ongoing infrastructure projects focused on boosting the region's MICE industry capabilities.
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Latest Report Available at Analytical Research Cognizance Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) tourism market is expected to reach US$ 9 Billion by 2025.
“India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market Report: Country Outlook, Analysis, Size, Share and Forecast 2018 – 2025” offers the most up–to–date industry data on the actual market situation and future outlook for India Outbound MICE tourism market.
The report uses data and analysis to discuss potential lucrative opportunities and future trends related to India outbound MICE travelers flow, revenue and main destination markets.
The report provides clear insight into current and future tourism developments of the India outbound MICE tourism market.
Furthermore, this report uses country focused analysis to explore India outbound MICE tourism market.A detailed country-wise analysis of the market is provided, covering a total of 15 countries.
The research study limelight growth drivers and investigates market inhibitors of India Outbound MICE tourism market.The countries included in this report are Thailand, Malaysia, Singapore, Dubai, Mauritius, Macau, South Korea, New Zealand, Indonesia, United States, Oman, Turkey, Taiwan,South Africa, Australia and Other CountriesKey Findings: India is poised to be the world’s fastest growing outbound MICE tourism market India outbound tourism market is expected to exceed US$ 45 Billion by 2025 India to generate more than 2 Million outbound MICE tourists by 2020 India is the largest source market for Dubai and Singapore MICE Industry Indian MICE travelers likely to become major spenders in the United States and DubaiThe Latest Industry Data Included in this Report: Market Size & Analysis: India Outbound Travelers Visitation & Spending (2012 - 2025) India Outbound Travelers Visitation & Forecast (2012 - 2025) India Outbound Travelers Spending & Forecast (2012 - 2025) Market Size & Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) India Outbound MICE Travelers Visitation & Forecast (2012 - 2025) India Outbound MICE Travelers Spending & Forecast (2012 - 2025) India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) India MICE Travelers Visitation to Major 15 Countries & Forecast (2012 - 2025) India MICE Travelers Spending to Major 15 Countries & Forecast (2012 - 2025) Identification of Key Market Drivers and Inhibitors of the India Outbound MICE Tourism MarketPurchase copy of this Report @ http://www.arcognizance.com/purchase/94064 Some Points from Toc: Executive Summary Market Size & Analysis: India Outbound Travelers Visitation & Spending (2012 - 2025) 2.1 India Outbound Travelers Visitation & Forecast 2.2 India Outbound Travelers Spending & Forecast Market Size & Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) 3.1 India Outbound MICE Travelers Visitation & Forecast 3.2 India Outbound MICE Travelers Spending & Forecast India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) 4.1 India Outbound MICE Travelers Visitation Share & Forecast 4.2 India Outbound MICE Travelers Spending Share & Forecast Key Market Drivers and Inhibitors of the India Outbound MICE Travelers Market 5.1 Market Drivers 5.2 Market InhibitorsRequest a sample of this report @ http://www.arcognizance.com/enquiry-sample/94064 India Outbound MICE Travelers Visitation & Spending – Top 15 Countries In-depth Analysis (2012 – 2025) 6.1 Thailand – India Outbound MICE Travelers Visitation & Spending 6.1.1 India Outbound MICE Travelers Visitation to Thailand & Forecast 6.1.2 India Outbound MICE Travelers Spending in Thailand & Forecast 6.2 Malaysia – India Outbound MICE Travelers Visitation & Spending 6.2.1 India Outbound MICE Travelers Visitation to Malaysia & Forecast 6.2.2 India Outbound MICE Travelers Spending in Malaysia & Forecast 6.3 Singapore – India Outbound MICE Travelers Visitation & Spending 6.3.1 India Outbound MICE Travelers Visitation to Singapore & Forecast 6.3.2 India Outbound MICE Travelers Spending in Singapore & Forecast 6.4 Dubai – India Outbound MICE Travelers Visitation & Spending 6.4.1 India Outbound MICE Travelers Visitation to Dubai & Forecast 6.4.2 India Outbound MICE Travelers Spending in Dubai & Forecast 6.5 Mauritius – India Outbound MICE Travelers Visitation & Spending 6.5.1 India Outbound MICE Travelers Visitation to Mauritius & Forecast 6.5.2 India Outbound MICE Travelers Spending in Mauritius & Forecast 6.6 Macau – India Outbound MICE Travelers Visitation & Spending 6.6.1 India Outbound MICE Travelers Visitation to Macau & Forecast 6.6.2 India Outbound MICE Travelers Spending in Macau & Forecast 6.7 South Korea – India Outbound MICE Travelers Visitation & Spending 6.7.1 India Outbound MICE Travelers Visitation to South Korea & Forecast 6.7.2 India Outbound MICE Travelers Spending in South Korea & Forecast 6.8 New Zealand – India Outbound MICE Travelers Visitation & Spending 6.8.1 India Outbound MICE Travelers Visitation to New Zealand & Forecast 6.8.2 India Outbound MICE Travelers Spending in New Zealand & Forecast 6.9 Indonesia – India Outbound MICE Travelers Visitation & Spending 6.9.1 India Outbound MICE Travelers Visitation to Indonesia & Forecast 6.9.2 India Outbound MICE Travelers Spending in Indonesia & Forecast 6.10 United States – India Outbound MICE Travelers Visitation & Spending 6.10.1 India Outbound MICE Travelers Visitation to United States & Forecast 6.10.2 India Outbound MICE Travelers Spending in United States & Forecast 6.11 Oman – India Outbound MICE Travelers Visitation & Spending 6.11.1 India Outbound MICE Travelers Visitation to Oman & Forecast 6.11.2 India Outbound MICE Travelers Spending in Oman & Forecast 6.12 Turkey – India Outbound MICE Travelers Visitation & Spending 6.12.1 India Outbound MICE Travelers Visitation to Turkey & Forecast 6.12.2 India Outbound MICE Travelers Spending in Turkey & Forecast 6.13 Taiwan – India Outbound MICE Travelers Visitation & Spending 6.13.1 India Outbound MICE Travelers Visitation to Taiwan & Forecast 6.13.2 India Outbound MICE Travelers Spending in Taiwan & Forecast 6.14 South Africa – India Outbound MICE Travelers Visitation & Spending 6.14.1 India Outbound MICE Travelers Visitation to South Africa & Forecast 6.14.2 India Outbound MICE Travelers Spending in South Africa & Forecast 6.15 Australia – India Outbound MICE Travelers Visitation & Spending 6.15.1 India Outbound MICE Travelers Visitation to Australia & Forecast 6.15.2 India Outbound MICE Travelers Spending in Australia & Forecast 6.16 Other Countries – India Outbound MICE Travelers Visitation & Spending 6.16.1 India Outbound MICE Travelers Visitation to Other Countries & Forecast 6.16.2 India Outbound MICE Travelers Spending in Other Countries & ForecastList of tables Table 5 1: India Outbound MICE Travelers Visitation Share (Percent), 2012 – 2017 Table 5 2: India Outbound MICE Travelers Visitation Share Forecast (Percent), 2018 – 2025 Table 5 3: India Outbound MICE Travelers Spending Share (Percent), 2012 – 2017 Table 5 4: India Outbound MICE Travelers Spending Share Forecast (Percent), 2018 – 2025 About US: www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations.
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