India will be the third leading source market for Singapore MiCE tourism by 2021, according to a research report. The Singapore MiCE tourism market shall surge nearly US$ 2.5 billion across the 20 countries by the year end of 2021, the report said. Singapore is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destination. The research report titled ” Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2016 – 2021” provides detailed information on the Singapore MiCE Tourism Market. The report analyses market data and provides a better understanding of MiCE travellers flows and revenue to Singapore.
Singapore enables a conducive environment for MiCE for world-wide travellers with its stable business environment, convenient transportation, pleasant environment and well-appointed facilities. Sightseeing, catering, entertainment, business events and exhibitions together create an integrated tourism chain for the country. Facilities for both business and leisure such as World Resort Sentosa, Universal Studios Singapore, Merlion’s Park, Suntec Singapore and Singapore EXPO ensure Singapore’s position as a prime MiCE destination.
China and Indonesia will be the major source market for Singapore MiCE tourism by the year end of 2021. Singapore and Thailand holds the fifth and sixth highest share of the Singapore MiCE tourist arrivals, being followed by United States by the year end of 2021, states the report.