The global MICE (meeting,
incentive, convention, and exhibition) industry was valued at $598.2 billion in
2022 and is projected to reach $2,309.4 billion by 2032, growing at a CAGR of
11.6% from 2023 to 2032. This growth is driven by several factors, with
sustainability emerging as a key focus within the sector. The MICE segment of
the tourism industry has seen significant expansion, fueled by rapid
globalization, the growth of service industries, and continuous advancements in
science and technology.
