Research report

Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2016 – 2021

Format : Pdf

Publish Date: 01st November 2016

Pages: 115

Singapore MICE tourism market is projected to reach nearly US$ 2.5 Billion across the 20 countries covered in this reportby the year end of 2021.


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. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Singapore. Market outlook in value terms for the forecasted period for Singapore MICE tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Singapore MICE tourism market.

Singapore MICE tourism market is projected to reach nearly US$ 2.5 Billion across the 20 countries covered in this reportby the year end of 2021.


Singapore is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destination. Singapore is a stellar MICE city, maintaining a perfect tourism impression among world-wide travelers with its stable and conducive business environment, convenient transportation, pleasant environment and well-appointed facilities. These factors tend to attract international organizations to base their regional offices in the city. Singapore has always been a magnetic venue for business and leisure. Sightseeing, catering, entertainment, business events and exhibitions together create an integrated tourism chain in this 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.Singapore provides a conducive platform for MICE travelers to achieve their success in Singapore through a dynamic environment underpinned by vibrant knowledge, wide networks, ease of doing business and a sense of fun.


Singapore MICE Travelers Insights


China and Indonesia will be the major source market for Singapore MICE tourism by the year end of 2021. India will be the third leading source market for Singapore MICE tourism by 2021. Japan stand at the fourth spot with XX% share of the Singapore MICE tourist arrivals. South Korea 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.


Singapore MICE Tourism Market Revenue Insights


Japan MICE travelers has enjoyed a significant role in contributing revenue to the Singapore economy in 2015. Japan contributed 18.1% share in 2015 but Japan will not retain its #1 position in the revenue generator due to the fall in the MICE travelers’ in Singapore.  It is predicted that China, India and Indonesia will be leading revenue generators by the year end of 2021. Other countries such as South Korea, United States and Thailand will also be the major revenue generators by the year end of 2021.


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. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Singapore. Market outlook in value terms for the forecasted period for Singapore MICE tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Singapore MICE tourism market.


This 115 Page report with 84 Figures and 4 Tables has been analyzed from 5 viewpoints:


1.    Singapore MICE Travelers, Revenue & Forecast (2010 – 2021)

2.    Singapore MICE Travelers, Revenue Share & Forecast (2010 – 2021)

3.    Singapore MICE Travelers, Revenue & Forecast –  Top 20 Country Analysis (2010 –  2021)

4.    Singapore MICE Tourism Market – Growth Drivers

5.    Singapore MICE Tourism Market – Challenges


Singapore MICE Tourism Market - 20 Countries Covered

 

1.    Indonesia

2.    Malaysia

3.    Philippines

4.    Japan

5.    Thailand

6.    China

7.    Taiwan

8.    Hong Kong

9.    South Korea

10.  India

11.  France

12.  Germany

13.  Italy

14.  Netherlands

15.  United Kingdom

16.  Canada

17.  United States

18.  New Zealand

19.  Australia

20.  South Africa


Research Methodology


DPI Research’s team of researchers and analysts use a variety of research sources for making a report. Most of the data – information and statistics – for our products is gathered using the secondary research by our in–house team of researchers. The main objective of DPI Research’s secondary research exercise is to exhaust all sources of published information including websites of government agencies, consumer and trade associations, annual reports and accounts of companies, news articles from well–known publications and online databases like Factiva, OneSource, Thomson, Hoovers, etc. The data thus gathered is send to our team of analysts who verify that data and look for research gaps. These gaps are filled through primary research, that is, our analysts gain information from various agencies, associations and companies using customer surveys, telephonic and email interviews, etc. Finally, all the information collected using secondary and primary research is analysed and synthesized by our analysts and is presented in a report.


Industry information and data for this report has been sourced through numerous channels including publically available information from companies’ and industry association websites. For industry sizing, segmentation and trends, apart from desk research, we have contacted industry experts and executives from various companies.


Market forecasts are done using statistical forecasting techniques based on historic performance. Statistical tools are further supplemented with qualitative parameters like industry expectation, economic drivers, new product development, customer surveys, ongoing research, etc.


All the information gathered was then analysed and synthesized by our in–house team of analysts.


 
1. Executive Summary

2. Singapore - Overall MICE Travelers, Revenue & Forecast (2010 – 2021) 
 
2.1 Singapore – Overall MICE Travelers & Forecast
2.2 Singapore – Overall MICE Revenue & Forecast

3. Singapore – MICE Travelers, Revenue Share & Forecast (2010 – 2021)
 
3.1 Singapore MICE Travelers Share & Forecast
3.2 Singapore MICE Revenue Share & Forecast

4. Singapore MICE Travelers, Revenue & Forecast –  Top 20 Country Analysis (2010 –  2021) 
 
4.1 Indonesia –  MICE Travelers, Revenue & Forecast
4.1.1 Indonesia –  MICE Travelers to Singapore
4.1.2 Indonesia –  MICE Revenue to Singapore
4.2 Malaysia –  MICE Travelers, Revenue & Forecast
4.2.1 Malaysia –  MICE Travelers to Singapore
4.2.2 Malaysia –  MICE Revenue to Singapore
4.3 Philippines –  MICE Travelers, Revenue & Forecast
4.3.1 Philippines –  MICE Travelers to Singapore
4.3.2 Philippines –  MICE Revenue to Singapore
4.4 Thailand –  MICE Travelers, Revenue & Forecast
4.4.1 Thailand –  MICE Travelers to Singapore
4.4.2 Thailand –  MICE Revenue to Singapore
4.5 China –  MICE Travelers, Revenue & Forecast
4.5.1 China –  MICE Travelers to Singapore
4.5.2 China –  MICE Revenue to Singapore
4.6 Taiwan –  MICE Travelers, Revenue & Forecast
4.6.1 Taiwan –  MICE Travelers to Singapore
4.6.2 Taiwan –  MICE Revenue to Singapore
4.7 Hong Kong –  MICE Travelers, Revenue & Forecast
4.7.1 Hong Kong –  MICE Travelers to Singapore
4.7.2 Hong Kong –  MICE Revenue to Singapore
4.8 Japan –  MICE Travelers, Revenue & Forecast
4.8.1 Japan –  MICE Travelers to Singapore
4.8.2 Japan –  MICE Revenue to Singapore
4.9 South Korea –  MICE Travelers, Revenue & Forecast
4.9.1 South Korea –  MICE Travelers to Singapore
4.9.2 South Korea –  MICE Revenue to Singapore
4.10 India –  MICE Travelers, Revenue & Forecast
4.10.1 India –  MICE Travelers to Singapore
4.10.2 India –  MICE Revenue to Singapore
4.11 France –  MICE Travelers, Revenue & Forecast
4.11.1 France –  MICE Travelers to Singapore
4.11.2 France –  MICE Revenue to Singapore
4.12 Germany –  MICE Travelers, Revenue & Forecast
4.12.1 Germany –  MICE Travelers to Singapore
4.12.2 Germany –  MICE Revenue to Singapore
4.13 Italy –  MICE Travelers, Revenue & Forecast
4.13.1 Italy –  MICE Travelers to Singapore
4.13.2 Italy –  MICE Revenue to Singapore
4.14 Netherlands –  MICE Travelers, Revenue & Forecast
4.14.1 Netherlands –  MICE Travelers to Singapore
4.14.2 Netherlands –  MICE Revenue to Singapore
4.15 United Kingdom –  MICE Travelers, Revenue & Forecast
4.15.1 United Kingdom –  MICE Travelers to Singapore
4.15.2 United Kingdom –  MICE Revenue to Singapore
4.16 Canada –  MICE Travelers, Revenue & Forecast
4.16.1 Canada –  MICE Travelers to Singapore
4.16.2 Canada –  MICE Revenue to Singapore
4.17 United States –  MICE Travelers, Revenue & Forecast
4.17.1 United States –  MICE Travelers to Singapore
4.17.2 United States –  MICE Revenue to Singapore
4.18 Australia –  MICE Travelers, Revenue & Forecast
4.18.1 Australia –  MICE Travelers to Singapore
4.18.2 Australia –  MICE Revenue to Singapore
4.19 New Zealand –  MICE Travelers, Revenue & Forecast
4.19.1 New Zealand –  MICE Travelers to Singapore
4.19.2 New Zealand –  MICE Revenue to Singapore
4.20 South Africa –  MICE Travelers, Revenue & Forecast
4.20.1 South Africa –  MICE Travelers to Singapore
4.20.2 South Africa –  MICE Revenue to Singapore

5. Singapore MICE Tourism Market – Growth Drivers
 
5.1 Strategic Location and Accessibility Boon for the Singapore MICE Industry
5.2 Pro-Business Environment Gives Promising Advantage for the Growth of Singapore MICE Tourism
5.3 Strong Knowledge Economy Drives Singapore MICE Tourism Market
5.4 Strategic Partnership with Different Stakeholders for MICE Industry Success
5.5 Sustainability will Enhanced the Singapore MICE Industry
5.6 Wide Ranging of MICE Venues Burgeoning Singapore MICE Industry
5.7 Widespread Choice in Accommodation Fuel the Singapore MICE Tourism Market
5.8 Exciting Mix of Business and Leisure Activities will Boost the Singapore MICE Tourism Market

6. Singapore MICE Tourism Market – Challenges
 
6.1 Increasingly Ferocious Regional Competition
6.2 Continued Uncertainties in the Global Economy

List of Tables

Table 3 1: By Country – Singapore MICE Travelers Share(Percent),2012 – 2015
Table 3 2: By Country – Forecast for Singapore MICE Travelers Share(Percent),2016 – 2021
Table 3 3: By Country – Singapore MICE Revenue Share(Percent),2010 – 2015
Table 3 4: By Country – Forecast for Singapore MICE Revenue Share(Percent),2016 – 2021


List of Figures:

Figure 2 1: Singapore – Overall MICE Travelers(Number),2010 – 2015
Figure 2 2: Singapore – Forecast for Overall MICE Travelers(Number),2016 – 2021
Figure 2 3: Singapore – Overall MICE Revenue (Million US$),2010 – 2015
Figure 2 4: Singapore – Forecast for Overall MICE Revenue (Million US$),2016 – 2021

Figure 4 1: Indonesia – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 2: Indonesia – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 3: Indonesia – MICE Revenue to Singapore (Number),2010 – 2015
Figure 4 4: Indonesia – Forecast for MICE Revenue to Singapore (Number),2016 – 2021
Figure 4 5: Malaysia – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 6: Malaysia – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 7:  Malaysia – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 8: Malaysia – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 9: Philippines – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 10: Philippines – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 11: Philippines – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 12: Philippines – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 13: Thailand – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 14: Thailand – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 15: Thailand – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 16: Thailand – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 17: China – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 18: China – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 19: China – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 20: China – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 21: Taiwan – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 22: Taiwan – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 23: Taiwan – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 24: Taiwan – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 25: Hong Kong – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 26: Hong Kong – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 27: Hong Kong – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 28: Hong Kong – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 29: Japan – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 30: Japan – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 31: Japan – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 32: Japan – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 33: South Korea – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 34: South Korea – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 35: South Korea – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 36: South Korea – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 37: India – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 38: India – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 39: India – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 40: India – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 41: France – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 42: France – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 43: France – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 44: France – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 45: Germany – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 46: Germany – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 47: Germany  – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 48 Germany – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 49:  Italy – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 50: Italy – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 51: Italy – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 52: Italy – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 53: Netherlands – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 54: Netherlands – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 55: Netherlands – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 56: Netherlands – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 57: United Kingdom – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 58: United Kingdom – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 59: United Kingdom – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 60:  United Kingdom – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 61: Canada – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 62: Canada – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 63: Canada – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 64: Canada – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 65: United States – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 66: United States – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 67: United States – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 68: United States – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 69: Australia – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 70: Australia – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 71: Australia – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 72: Australia – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 73: New Zealand – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 74: New Zealand – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 75:  New Zealand – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 76: New Zealand – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021
Figure 4 77: South Africa – MICE Travelers to Singapore(Number),2010 – 2015
Figure 4 78: South Africa – Forecast for MICE Travelers to Singapore(Number),2016 – 2021
Figure 4 79: South Africa – MICE Revenue to Singapore (Million US$),2010 – 2015
Figure 4 80: South Africa – Forecast for MICE Revenue to Singapore (Million US$),2016 – 2021

 

Hong Kong MICE Tourism Market - Trips & Spending to 2021

 

Thailand MICE Industry & Forecast to 2022

 

Germany Outbound Tourism Market: Outbound Tourists Visit, Tourists Spending & Forecast to 2020

 

United Kingdom Outbound Travel Market - Trips & Spending to 2020