According to a new report published by Allied Market Research, the Asia-Pacific MICE industry will reach $441.1 billion by 2025. The report noted, “Over the last decade, Asia-Pacific has been the fastest-growing region for tourism in the world. The factors driving the growth of the Asia-Pacific travel and tourism industry include strong economic growth, increased disposable income, political stability, and aggressive tourism campaigns. In addition, changes in lifestyle, rises in tourism promotion, increased accessibility of transport facilities, and other factors have fuelled the significant growth of the travel and tourism industry in Asia-Pacific, which in turn supplements the growth of the MICE industry in this region.”
