China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourists Market & Forecast
LONDON, Jan. 29, 2015 /PRNewswire/ -- Outbound tourism of any country shows of its economic strength and purchasing capacity of the citizens of that country. Out of this segment Meetings, Incentives, Conferences, Exhibitions (MICE) segment is considered the golden segment of tourism industry. Since it is most lucrative and revenue generating segment of tourism industry. With China's rapid economic development and continuous improvement of the degree of internationalization, Chinese MICE tourism to foreign destinations is continuously increasing. This creates an ample opportunity for star category hotels, agencies and other tourism service providers to grab a handsome pie of this lucrative market segment. One of the biggest challenges for the MICE industry is the ease and convenience of obtaining visas.
China MICE Tourists Visit: Hong Kong holds the highest share in 2014, while Macau, the neighbor of China, stands at the 2nd slot. South Korea stands at the 3rd slot. The other popular destination for Chinese outbound MICE travelers is US, Thailand, Japan, Vietnam and Singapore among others.
China MICE Tourists Spending (Market): United States holds the highest spending share in 2014, followed by Macau at the second position. Thailand and Japan are competing closely with each other for spending share in 2014.
This is 2nd report on China Outbound Tourism by Renub Research. The report titled "China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourists Market & Forecast" provides a comprehensive analysis of the China Outbound MICE tourism market covering in detail various aspects such as MICE tourists visits, MICE tourists spending, and market share of the Chinese Outbound MICE tourist visits & spending(market).
This 93 page report with 49 Figures and 6 Tables provides a complete analysis of top 10 countries visited by Chinese MICE Tourists. All the 11 countries in the report have been studied from 2 viewpoints.
I. Chinese Outbound MICE Tourists Visit from the year 2010 – 2019
II. Chinese Outbound MICE Tourists Spending(Market) from the year 2010 –2019
All the 11 Countries studied in the report are as follows:
1. Hong Kong
2. Thailand
3. South Korea
4. Macau
5. Singapore
6. Malaysia
7. Japan
8. United States
9. Vietnam
10. Indonesia
11. Other Countries
Data Sources
This report is built using data and information sourced from proprietary databases, primary and secondary research and in–house analysis by Renub Research team of industry experts.
Primary sources include industry surveys and telephone interviews with industry experts.
Secondary sources information and data has been collected from various printable and non–printable sources like search engines, News websites, Government Websites, Trade Journals, White papers, Government Agencies, Magazines, Newspapers, Trade associations, Books, Industry Portals, Industry Associations and access to more than 500 paid databases.
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