Major growth predicted for the global MICE Industry

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the global MICE industry will grow at a CAGR of 21.3% and reach $1,337 billion by 2028 according to a report titled “MICE Industry by event type: global opportunity analysis and industry forecast, 2021-2028” published by Allied Market Research estimated. By region, the Asia-Pacific region is expected to have the highest growth rate of about 8.6% between the 2021-2028 period, driven by emerging economies such as Singapore, China, and India. By event type, the incentive segment is expected to have the fastest growth at a CAGR of 24.1% during the same period.