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Caribbean MICE Market by Type (Meetings, Incentives, Conventions, and Exhibitions): Opportunity Analysis and Industry Forecast, 2018-2025

Hospitality	CO_184717	Pages: NA	Dec 2019 \| 689 Views
Author(s) : NA	Tables: NA	Charts: NA	Formats*:

The term MICE is an acronym for Meetings, Incentives, Conventions and Exhibitions in the context of the tourism segment. This market refers to a functional niche of group tourism committed to planning, booking, and facilitating meetings, seminar, and conferences. However, in the recent past the acronym has slowly been falling out of favor and is instead referred to as meetings industry or events industry in tourism. MICE travel agencies are generally affiliated with large corporations owing to planning as well as organization involved in the process.

The Caribbean region is recognized internationally for its picturesque tourism sector. The superb climate, its natural attributes, high standard of luxury accommodation, and range of extra-curricular activities make it a truly world-class MICE tourism destination. This factor is a major driver for the Caribbean MICE market. With a rise in the presence of corporate industries all around the globe, the prevalence of business activities such as client meetings, brand promotions, employee training activities, and liberalization of market entry to increase foreign direct investment further drive the market. However, uncertain global geopolitical conditions and high operational cost linked with MICE events can restrain the growth of the market. On the contrary, rapid advancements in technology and infrastructural investments can provide numerous opportunities for the emerging players in the MICE industry in Caribbean.

The market is segmented based on event type and country. Based on event type, it is classified into meetings, incentives, conventions, and exhibitions. Based on country, it is bifurcated into Barbados mice industry, Puerto Rico mice industry, Cuba mice industry, Bahamas mice industry, Dominican Republic mice industry, and rest of Caribbean mice industry.

The key players in the Caribbean MICE market include Destination Barbados And Barbados Tourism Marketing, Inc, Cvent Inc, Hilton Barbados Resort, Barbados Conference Services Limited, The Lloyd Erskine Sandiford Centre, Rodjmon Holdings Incorporated, Field Staging Solutions Inc., Solways Cuba, Atlantis, and Pearl Island Bahamas.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current and emerging trends and dynamics in the Caribbean MICE market.
In-depth analysis is done by constructing market estimations for the key market segments to identify the prevailing market opportunities.
This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
A comprehensive analysis of the factors that drive and restrict the market growth is provided.
A comprehensive analysis of the region is provided to determine the prevailing opportunities in these geographies.

KEY MARKET SEGMENTS

By Type

Meetings
Incentives
Conventions
Exhibitions

By Country

Barbados MICE Industry
Puerto Rico MICE Industry
Cuba MICE Industry
Bahamas MICE Industry
Dominican Republic MICE Industry
Rest Of Caribbean MICE Industry

Major Key players in the market include

Destination Barbados And Barbados Tourism Marketing, Inc
Cvent Inc
Hilton Barbados Resort
Barbados Conference Services Limited
The Lloyd Erskine Sandiford Centre
Rodjmon Holdings Incorporated
Field Staging Solutions Inc
Solways Cuba
Atlantis
Pearl Island Bahamas

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET LANDSCAPE

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTER'S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers

3.4. TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

3.6. BARBADOS MICE INDUSTRY: OPPORTUNITY ANALYSIS AND RECOMMENDATIONS

CHAPTER 4: CARIBBEAN MICE INDUSTRY BY TYPE

4.1. OVERVIEW
4.2. MEETINGS

4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country

4.3. INCENTIVES

4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country

4.4. CONVENTIONS

4.4.1. Key market trends, Growth factors and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country

4.5. EXHIBITIONS

4.5.1. Key market trends, Growth factors and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis by country

CHAPTER 5:CARIBBEAN MICE INDUSTRY BY COUNTRY

5.1. OVERVIEW
5.2. BARBADOS MICE INDUSTRY

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast by Type

5.3. PUERTO RICO MICE INDUSTRY

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast by Type

5.4. CUBA MICE INDUSTRY

5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast by Type

5.5. BAHAMAS MICE INDUSTRY

5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast by Type

5.6. DOMINICAN REPUBLIC MICE INDUSTRY

5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast by Type

5.7. REST OF CARIBBEAN MICE INDUSTRY

5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast by Type

CHAPTER 6: COMPANY PROFILES

6.1. DESTINATION BARBADOS AND BARBADOS TOURISM MARKETING, INC

6.1.1. Company overview
6.1.2. Business performance
6.1.3. Key strategic moves and developments

6.2. CVENT INC

6.2.1. Company overview
6.2.2. Business performance
6.2.3. Key strategic moves and developments

6.3. HILTON BARBADOS RESORT

6.3.1. Company overview
6.3.2. Business performance
6.3.3. Key strategic moves and developments

6.4. BARBADOS CONFERENCE SERVICES LIMITED

6.4.1. Company overview
6.4.2. Business performance
6.4.3. Key strategic moves and developments

6.5. THE LLOYD ERSKINE SANDIFORD CENTRE

6.5.1. Company overview
6.5.2. Business performance
6.5.3. Key strategic moves and developments

6.6. RODJMON HOLDINGS INCORPORATED

6.6.1. Company overview
6.6.2. Business performance
6.6.3. Key strategic moves and developments

6.7. FIELD STAGING SOLUTIONS INC.

6.7.1. Company overview
6.7.2. Business performance
6.7.3. Key strategic moves and developments

6.8. SOLWAYS CUBA

6.8.1. Company overview
6.8.2. Business performance
6.8.3. Key strategic moves and developments

6.9. ATLANTIS

6.9.1. Company overview
6.9.2. Business performance
6.9.3. Key strategic moves and developments

6.10. PEARL ISLAND BAHAMAS

6.10.1. Company overview
6.10.2. Business performance
6.10.3. Key strategic moves and developments

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
Technologically sophisticated and reliable insights through well audited and veracious research methodology
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

Patent and regulatory databases for understanding of technical & legal developments
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic new articles, web-casts and other related releases for market evaluation
Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

Chief executives and VPs of leading corporations specific to industry
Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
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