About Us

Face to Face meetings is a platform where deals are struckrelationships are forgedideas are generated

About the Campaign

Meetings Mean Business is an industry-wide coalition to showcase the undeniable value that business meetings, trade shows, incentive travel, exhibitions, conferences and conventions bring to people, businesses and communities. By rallying industry advocates, working with stakeholders, conducting original research, engaging with outside voices and more, the coalition brings the industry together to emphasize its importance.

India Market

India Inbound

With the Meetings, Incentives, Conferences, Exhibitions (MICE) space in India set to triple over the next two to three years, the sector is poised for robust growth.

According to the estimates of the industry analysts, Indian MICE sector size is pegged at Rs 25,000 crore, growing at a rate of about 8 per cent year over year.

With more than 10 new MICE venues coming up in various parts of country and the expansion of existing venues being undertaken, space is set to triple.

Right now, Indian MICE industry has a consolidated space of about 5,00,000 sq metres. More than 12 new venues such as the proposed exhibition cum convention centre at Dwarka and expansion of existing venues at Pragati Maidan, New Delhi, Hyderabad, Bangalore, Ahmedabad, Pune and others will ensure that the MICE space in India will cross 15,00,000 sq metres over the next two to three years. Once it happens then the industry’s growth rate will double form the existing 8 per cent to 16 per cent.

Besides the industry, Union government and several state governments have been actively trying to set up more MICE venues to draw both business and leisure travellers, helping the industry grow.

India Outbound

India is a ripe source market, with a socio-economic environment that tends to encourage overseas travel among its citizens. Decades of stable governments, coupled with sustained economic growth, increasing aspirations, a growing middle class and rising number of High Net-worth Individuals, global exposure and sizeable disposable income across segments have contributed to an increasing number of Indians travelling overseas. In 2018, over 28 Million Indians travelled overseas. The Outbound tourism market has grown at an average of 12-15% over the last decade.

YOUNG ECONOMY

65% of the population is under the age of 35. By 2020, the average Indian will be only 29-years-old as compared to 37 for China and 48 for Japan

FASTEST GROWING ECONOMY

India’s GDP growth during 2018 has crossed over 7%. India has now overtaken China as the fastest growing large economy in the world

INDIA IS SPENDING

India maintains its double-digit annual growth in the outbound MICE.