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Also, according to a study from Hong Kong, MICE guests pay 17.5% more than leisure guests, which is a huge thing for them. Hotels can make a lot of revenue from MICE tourism. If the hotels can organize big events on their property, automatically they can charge more for premium rooms.
And lastly, MICE Tourism can be a reliable source of recurring revenue as well. There are many conferences and trade shows that are happening at intervals, which gives opportunity to the hotels to plan their annual budgets with these events in their schedule.
However, forward-thinking destinations can turn challenges into opportunities by embracing sustainability, adopting technology-driven solutions, and providing unique experiences that set them apart from competitors. The ability to adapt to changing trends and evolving business needs is crucial for long-term success in the MICE tourism sector.
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We at WanderOn are a modern travel community that provides end to end travel packages in India and abroad. We design the best travel itineraries that encourage group traveling for like-minded people. Our services include road trips, trekking expeditions, corporate trips, and customized tour packages. On our trips, we ensure hassle-free traveling, top-notch accommodation and guided sightseeing that too in a budget that won't burn a hole in your pocket. Just give us your dates and be ready to experience traveling like never before.
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