India is estimated to generate over 2 million outbound luxury and MICE tourists annually by 2020, reinforcing the country’s influence as a key source market for MICE and luxury travel, according to a new report by the organisers.
According to figures published ahead of the 7th Annual MICE (meetings, incentives, conferences and exhibitions) India and Luxury Travel Congress (MILT), the tourism market is expected to reach USD 9 billion by 2025.
The MILT Congress will be held from July 17-18 in Delhi and from July 23-24 in Mumbai.
India’s outbound MICE tourism market is expected to reach US$ 9 Billion by 2025, and in 2020 India is expected to generate more than 2 Million outbound MICE tourists, according to the organisers of the MICE India and Luxury Travel Congress.
Emphasizing on the growth trends of the MICE industry, Stephanie Tanpure, VP Sales, Sands Resorts Macao said, “We are projecting a very buoyant 2019 as far as meetings and events. I think the Global meeting and events industry should also expect some great results next year. We are not only seeing more and more events, but the average size of these events are growing.”
Commenting on how Indian corporates continue to spend big on corporate travel and the immense potential of exploring great opportunities in Geneva, Jonathan Willi, Corporate Sales Manager, Geneva Convention Bureau said: “India is one of the fastest growing outbound tourism markets in the world and the MILT Congress is an ideal platform to provide great networking opportunities within the industry experts.”
Touted as India’s premier business platform, the 7th Annual MICE India & Luxury Travel (MILT) Congress will gather global suppliers who are looking to capitalise on India’s booming outbound travel and tourism sector.
“Last year alone more than 30,000 tourists from India visited Kazakhstan, which is double of what we witnessed in 2017. As the world is getting closer to each other, modern aviation is making the world a smaller place. Kazakhstanis growing economically, owing to the rising number of MICE and Luxury travels,” said Assem Kozbagarova, Director, Skyway Travel.