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Singapore MICE Tourism Market 2021: Growth Opportunities, Strategic Analysis, Emerging Technologies and Business Size, Global Share Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Singapore MICE Tourism Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Singapore MICE Tourism Market products.

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The Report Title Singapore MICE Tourism Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2027.

The Singapore Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market reached USD 2,523.4 Million in 2018 and is expected to attain a market value of USD 5,214.9 Million by the end of 2027 by registering a CAGR of 8.4% across the globe.

“The CAGR value Could change due to COVID-19 Pandemic”

Increasing the number of international visitors due to easy access to the country is projected to propel the demands for the Singapore MICE tourism market across the country.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Additionally, an increasing number of business activities including client meetings, brand promotions, and employee training activities in the country is estimated to foster the market growth in the near future. Further, changing the lifestyle of business travelers, rapid urbanization and industrial growth will add to the market growth.

Download Sample of This Strategic Report-:
https://www.kennethresearch.com/sample-request-10210546

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Rapid infrastructural development in the country and technological advancements in MICE tourism is projected to fuel market growth over the forecast period. Furthermore, rising globalization of businesses and the growing number of small and medium-sized enterprises are also expected to boost the growth of MICE in the country.

The hospitality segment is projected to witness substantial growth in the forthcoming years owing to the increasing adoption of online booking portal trends among the people for easy access to the details of traveling. Further, the increasing trend of hybrid meetings, the use of social media and meeting apps among the working population of the country will provide lucrative opportunities to the market growth in the near future.
BCD Travel Singapore, Carlson Wagonlit Travel, Ace: Daytons Direct Intl Pte Ltd, ATPI (Singapore) Pte. Ltd, are some of the key players in the Singapore MICE Tourism Market.

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

Download Sample of This Strategic Report-:
https://www.kennethresearch.com/sample-request-10210546

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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