Asia-Pacific MICE to reach $441.1 billion by 2025: AMR

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According to a new report published by Allied Market Research, titled, Asia-Pacific MICE Industry by Event Type and Country: Opportunity Analysis and Industry Forecast, 2018–2025, the Asia-Pacific MICE industry’s share is growing at a 8.6 per cent CAGR and will hit US $441.1 billion by 2025. By country, China is expected to remain dominant and grow at a steady pace in the Asia-Pacific MICE industry, the report said. The report further added, “Shanghai and Beijing hosted the majority of MICE trips in China over the last 12 months, followed by Guangzhou, Hong Kong, and Macau.”