More on the creative economy
Editor,
In continuation to my letter on the “Growth of creative economy” (ST 12th February 2025 the global conference tourism market is experiencing significant growth, as of 2023, the market size is projected to reach $ 625.6 billion, and is expected to grow at a compound annual growth rate (CARG) of 10.1% from 2023 to 2032. By 2023, the market valuation is anticipated to reach $1487.2 billion. This growth is driven by factors such as globalization, technological advancements and the increasing adoption of virtual and hybrid events formats. The industry is also focusing on sustainability and innovation in meeting formats to enhance participant engagement.
The value in India is currently estimated to be around Rs 25,000 crore (approximately $3 billion). This sector is rapidly growing, driven by factors such as the increasing GDP, a growing urban middle class with higher disposable incomes, and the expansion of state-of-the-art conference facilities. India aims to significantly increase its share in the global conference tourism market, which is valued around $280 billion. With the recent inauguration of the Yashobhoomi Convention Centre also known as India International Convention and Expo Centre located in Sector 25, Dwarka, New Delhi and the Bharat Mandapam, located at India Trade Promotion Organisation complex at Pragati Maidan, New Delhi. India is positioning itself as a premier destination for international conferences, meetings and exhibitions.
The prospects for conference tourism in North East India, including Meghalaya are quite promising as the region is known for its stunning landscapes, rich biodiversity and cultural heritage. This makes it an attractive destination for conferences, focused on environmental and ecological themes. The diverse ethnic groups and their unique traditions offer a rich cultural experience for conference attendees. There are ongoing efforts to improve infrastructure and promote tourism in the region. This includes developing new tourist destinations and enhancing existing ones.
Meghalaya is home to attractions like the Mawmluh cave, a UNESCO recognized site, which draws adventure enthusiasts from around the world. The state is known for its warm hospitality, which enhances the experience for conference attendees. Meghalaya is focusing on sustainable tourism, which includes initiatives like Community-Led Tourism Infrastructure Development and eco-tourism promotion. The state is hosting various international conferences, such as the 5th International Conference on Advancing Knowledge from Multidisciplinary Perspectives in Education, Engineering and Technology (ICAKMPET – 2025). Though the exact monetary value of conference tourism in North East India, including Meghalaya is not readily available. However, considering the overall tourism growth in the region and the increasing number of conferences and events, it is safe to say that the value is substantial and growing. The prospects for conference tourism in North East India and Meghalaya are bright, with focus on sustainability and leveraging the region’s natural and cultural assets.
Yours etc;
VK Lyngdoh
Via email
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