Exploring the Bright Future of Incentive Tourism Market

Costa Rica. Photo/Pixabay

Between 2023 and 2033, the market for incentive tourism is expected to grow at a CAGR of 5.8% on average. The market is anticipated to reach a value of US$ 7.79 billion in 2023 and a market share of US$ 13.69 billion by 2033.

The demand for international incentive travel is anticipated to be fueled by companies’ purposeful efforts to keep deserving staff motivated by offering them various incentives, among other considerations.

Additionally, businesses have employed incentive tourism programs as a non-cash incentive to their staff and outside partners for attaining crucial business goals. The MICE (Meetings, Incentives, Conferences, and Events) industry benefits greatly from it.

Incentive tourism is a healthy and positive concept that motivates employees to perform even better. Corporations are spending more on the welfare of their employees.

Read more: https://www.fmiblog.com/2023/11/24/exploring-the-bright-future-of-incentive-tourism-market-projected-to-reach-us-13-69-billion-by-2033-fmi/