ISRAEL MEETINGS, INCENTIVES, CONFERENCES AND EXHIBITIONS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The Israel meetings, incentives, conferences and exhibitions market is estimated to be valued at USD 2.05 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Israel's Meetings, Incentives, Conferences and Exhibitions (MICE) industry has been experiencing steady growth over the past few years. However, the market was moderately impacted by the COVID-19 pandemic in 2020-21. With mass vaccination efforts and easing of travel restrictions globally, the Israel MICE market shows signs of recovery. The country offers a unique blend of culture, history, and modern infrastructure well-suited for hosting diverse business events and leisure groups. Israel's central location facilitates connectivity with Europe, Asia Pacific, and Africa. The government is focusing on the development of niche tourism segments including medical, agricultural and technological conferences to boost the MICE sector. Overall, the future outlook for Israel's meetings, incentives, conferences and exhibitions industry remains positive as international demand for live business interactions returns.

 Market Dynamics:

The Israel MICE market is driven by recovery in international travels along with government support for the development of niche tourism segments. The expanding medical, technology, and agricultural industries in Israel attract numerous global conferences and conventions annually. However, vulnerability to geopolitical tensions in the region and lack of direct air links with many countries act as challenges. To leverage opportunities, industry players are focusing on positioning Israel as a unique hybrid destination for spiritual pilgrimages coupled with educational events. Initiatives around enhancing entertainment infrastructure and accommodation capacity will strengthen the country's value proposition. Further, growing regional collaborations offer possibilities to tap new source markets in developing MICE circuits connecting Israel with neighboring economies.

 Key Features of the Study:

• This report provides an in-depth analysis of the Israel meetings, incentives, conferences and exhibitions market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Israel MICE market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Kenes Group, RMC, Kuoni DMC, ISSTA, Diesenhaus Unitours, Talent, SMG, BCD Travel, CWT, Access Israel, Debbie Nussbaum, Orchideventsisrael, and Danny Marx
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Israel meetings, incentives, conferences and exhibitions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Israel MICE market

Market Segmentation

• By Event Type:
• • Meetings
  • Incentives
  • Conferences
  • Exhibitions
  • Others
• By Enterprises Size:
• • Small Enterprises
  • Medium Enterprises
  • Large Enterprises
• By Industry:
• • Pharmaceuticals
  • IT & Telecom
  • Banking, Financial Services, and Insurance
  • Others
• Company Profiles:
• • Kenes Group
  • RMC
  • Kuoni DMC
  • ISSTA
  • Diesenhaus Unitours
  • Talent
  • SMG
  • BCD Travel
  • CWT
  • Access Israel
  • Debbie Nussbaum
  • Orchideventsisrael
  • Danny Marx