#Global #Outbound #MICE #Market #Reach #Billion
Portland, OR, Oct. 10, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global outbound MICE market generated $225.9billion in 2021, and is projected to reach $1272.2 billion by 2031, growing at a CAGR of 13.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
|Market Size in 2021||$225.9 billion|
|Market Size in 2031||$1272.2billion|
|No. of Pages in Report||206|
|Segments Covered||Event Typeand Region.|
|Drivers||The excellent connectivity with key international destinations.|
|Well-regarded support from the service sector, encouraging government policies and regulations.|
|Quick expansion of the travel and tourism industry|
|Opportunities||Thriving international business travel, global tourism, and an increase in the frequency of mouse events such as meetings around the world.|
|Expansion of the corporate sector, an increase in FDI activity, and the development of small & medium-sized businesses.|
- The outbreak of the COVID-19 had adversely impacted the growth of the global outbound MICE market, owing to halting of domestic and international flights by various governments impacting tourism and MICE sectors.
- Governments’ enacted strict laws on tourism and travel during the COVID-19 to stop spread of virus hindered the growth of the global…