Thai Revenues from MICE Travelers to Amount to USD 4 Billion by 2022, Expects DPI Research in New Report Published at MarketPublishers.com30 May 2016 • by Natalie Aster
LONDON – At present, the MICE industry forms one of the key sectors that Thai government have plans to develop so that to stimulate quality visitors abroad and within the country.
Thailand emerges to be amongst the most popular and important MICE destinations globally since it can boast solid basic infrastructure, international connectivity, a strategic location, and more. It plans to develop more MICE-related amenities in the years to come.
The country is expected to attract over 1.3 million MICE travelers and generate approximately USD 4 billion revenues by 2022.
Meetings form the largest segment of the local market. Their share amounted to 75% in 2015 and it is expected to remain nearly the same in the upcoming years.
East Asian countries are the main source of MICE travelers for Thailand. Europe, South Asia and the Americas are other important sources.
Country-wise, China dominates the travelers’ inflow in Thailand, and it is followed by Japan, Vietnam and Malaysia.
New research report “Thailand MICE Industry & Forecast to 2022” drawn up by DPI Research & Marketing Solutions provides a comprehensive guide to the Thai MICE industry. The study contains a through overview of the lucrative industry. It comprises historical and forecast figures associated with overall MICE travelers.
The report focuses on revenue shares and focuses on top 30 countries. The research study limelights growth drivers and investigates market challenges. It contains an insightful market outlook in value terms, as well. Market forecasts can be also found in the research report.
More new studies by our partner can be found at DPI Research page.