(MENAFN- America News Hour) It is forecasted that Thailand will attract more than 1.3 Million MICE travelers and generated nearly about US$ 4 Billion revenues by 2022.
The Thailand MICE Market report analyses the Market size, volume and growth rate based on the recent developments in the industry at a global scale.
The MICE industry is one of the key sectors that Thailand intends to develop in order to stimulate quality visitors both within the country and abroad. Thailand is one of the most important and popular MICE destination worldwide. Thailand is famous MICE destination due to its solid basic infrastructure, strategic location, developed transportation systems, international connectivity, a well-trained private sector, continual government support and sound regulations.
Each year, it stages numerous meetings, seminars, and world-class exhibitions, and welcomes numerous visitors led by the world's leading tour companies. Thailand has plans to develop more MICE-related amenities, especially convention centers and venues that can stage mega events, growing its capacity to serve an expanding market and rising demand for meetings, conventions and exhibitions.
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Meetings are the most popular segment in the Thailand MICE Industry. Meetings controls a lion's market share of around 75% for the year 2015 and it is expected to continue its dominance till 2022.
East Asia is the major source of MICE travelers in Thailand. East Asian countries representing of all overseas MICE travelers. Europe and South Asia have shown its potential to become 2nd and 3rd popular MICE traveler's region. The Americas is the fourth leading source market for Thailand MICE industry. It is predicted that East Asia will continue its #1 position in the Thailand MICE travelers by the year 2022.
In Thailand MICE traveler Inflow, China holds the highest share in 2015, and it is expected that China will maintain its position in the forecasting period. Japan, Malaysia and Vietnam hold the 2nd, 3rd and 4th best source countries for MICE traveler visits to Thailand.
This exhaustive study covers an overview of various aspects of the Market including geographical outlook, recent Market trends and growth opportunities during the forecast period. Along with this, an in-depth analysis of each section of the report is also provided in the report that consist of the strategies adopted by the key players, challenges and threats as well as advancements in the industry.
In U.S., the GDP per capital was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capital has intensified the growth of this Thailand MICE Market in the country.
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Thailand MICE Industry & Forecast to 2022 – By Regional Analysis
1. East Asia
2. Europe
3. The Americas
4. South Asia
5. Oceania
6. Middle East
7. Africa
Thailand MICE Industry & Forecast to 2022 – Countries Wise Analysis
1. Cambodia
2. Indonesia
3. Loas
4. Malaysia
5. Myanmar
6. Philippines
7. Singapore
8. Vietnam
9. China
10. Hong Kong
11. Japan
12. Korea
13. Taiwan
14. France
15. Germany
16. Russia
17. Italy
18. United Kingdom
19. USA
20. Canada
21. Brazil
22. Bangladesh
23. India
24. Pakistan
25. Sri Lanka
26. Australia
27. New Zealand
28. Isreal
29. UAE
30. South Africa
31. Other Countries
The business intelligence report also covers the challenges which may impact the growth of this Thailand MICE Market in the long-run. Several prevailing trends have been analysed in this report which have strengthened the growth of Market all across the globe.
This Thailand MICE Market study is definitely going to be useful and can be utilized as a valuable source of assistance for the investors, manufacturers related to the product, suppliers, distributors, investment banks, management consulting companies, regulatory and government bodies, research organizations, and forums.
The report offers detailed and accurate assessment of the Market and takes into consideration various aspects of the industry including the Market revenue, production, product prices and consumption analysis, company profiling, growth drivers and restraints through primary and secondary research methodologies.
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