(TAN): The India outbound Meetings, Incentives, Conferences and Exhibitions (MICE) tourism market to Gulf Cooperation Council (GCC) countries is expected to exceed USD 5 billion by 2025, reports said.
When a resident of a particular country travels to and stays in places outside their country of residence and outside their usual environment for less than or equal to 12 consecutive months for leisure, business and other purposes, it can be termed as outbound tourism.
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A study has reportedly shown that the United Arab Emirates is the topmost destination for Indian MICE visitors, and that India happens to be one of the fastest-growing outbound MICE travel markets. The research also found that Saudi Arabia and Bahrain were responsible for over 15% share of the total outbound MICE spending by Indians last year, as per reports.
Report from the study highlighted the developments of the India outbound MICE tourism market to GCC countries at present, and also offered an outlook for the future – it included historical data between 2014 and 2018 and forecasts until 2025, reports said.
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The report shed light on potential opportunities and future trends associated with the India outbound MICE traveller flow, revenue, and main destination markets with the help of data and analysis.
It reportedly used a country-focused analysis to explore and understand such markets. The six GCC countries that are part of the report include Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman, and Bahrain, according to reports.
