India MICE Tourism Companies (2024 - 2029)

India MICE Tourism Market Companies Summary

The Covid-19 pandemic severely impacted MICE tourism in India, with a significant drop in tourist inflow in 2020. However, the sector is seeing a resurgence in 2021, thanks to the Covid vaccine roll-out. The India Convention Promotion Bureau (ICPB), established in 1988, has been instrumental in developing the MICE industry in the country. As the sector grows and the focus shifts from Europe to the Asia Pacific, India is poised to become a regional leader in MICE tourism. The country's infrastructure is now on par with developed nations, making it an increasingly preferred destination for MICE events. The MICE tourism market in India is characterized by the presence of numerous small and medium-sized companies. The market is quite fragmented but is expected to grow rapidly in the future due to the industry's low penetration. The report covers the competitive landscape of the major players in the market. The growth of MICE events in major cities like Delhi, Mumbai, Bangalore, Hyderabad, Chennai, and Goa is improving India's ranking in the International Congress and Convention Association Ranking (ICCA). Other states such as Rajasthan, Uttar Pradesh, Andhra Pradesh, and Telangana are also emerging as potential hubs for MICE tourism.