Events, event travel and meetings are leading the business travel bounce back globally with recent research showing that the MICE market size, in terms of revenue, is expected to grow at a compound annual growth rate of 6.6 per cent from 2022 to 2030 to reach USD1563.3 billion by 2030.
FCM Meetings & Events, the long-standing specialists in the sector under the FCM business and key division of the Flight Centre Travel Group, has launched a brand-new technology delivering a world-class booking solution for meetings and group hotel lodging within the MICE industry.
The new FCM Venue Finder, powered by Hubli, includes over 200,000 spaces around the world with fast and easy online booking, as well as sustainability solutions with contracting and cost controls.
It follows the recent landmark announcement detailing the global expansion of the M&E business, with JingWen Wong moving into the role of FCM Meetings & Events Leader in Southeast Asia and Greater China to oversee lofty ambitions for an industry sector that is set to boom in 2024.
“We believe the meetings, events, conferences, and event travel markets are ripe for disruption worldwide – this is an important step in ensuring we have best-in-class technology and experienced professionals to deliver for a flourishing sector of the travel market,” Wong said.
“It’s clear the demand for in-person connection continues to increase, with recent data showing conferences and events being one of the top two reasons for travel among both business owners and decision-makers – the passion and engagement we’re seeing is very encouraging.
“We’re experiencing and anticipating a steady annual growth rate of demand at 12 per cent year on year for in-person meetings, which means we have some exciting opportunities coming our way.”
Wong said the new FCM Venue Finder platform was user-friendly and effortlessly delivered seamless venue sourcing, event management bookings, innovative sustainability solutions, and cost control to simplify the dynamic MICE world.
“This easy-to-navigate platform gives people fast, real-time access to venue availability and bookings and allows you to select from a global inventory of over 200,000 spaces, including both hotels and unique venues,” she said.
“From funky cutting-edge venues to corporate conference centres, you can cut straight to the chase with detailed images and specifications. We believe that this is a game-changer for how we deliver our content to people who want to save valuable time and money.”
“We are excited to partner with FCM M&E to move from manual to online meeting and group bookings and look forward to helping their clients bring people together to meet in person most cost-effectively and sustainably possible,” commented Hubli, Founder, Ciarán Delaney.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.