The news: A new CBRE report projects that Indian spending on experiences—hotels, restaurants, and travel—will grow at 10.3% CAGR between 2025–2030, outpacing physical goods growth at 9.1%. Hotel accommodation alone will lead all experiential categories with 10.6% annual growth, driven primarily by Gen Z, now Asia-Pacific's largest demographic bloc.
Why it matters for MICE operators: This data fundamentally reshapes your addressable market. The shift toward experience-based spending means corporate incentive travel, destination events, and immersive conferences will see sustained demand growth. Gen Z's dominance signals that younger attendees will prioritize authentic, culturally-rooted experiences over traditional venue-centric formats—forcing operators to evolve programming beyond standard conference infrastructure.
The takeaway: Reposition your event offerings around curated experiences and destination immersion to capture the next decade's growth.
Source: ET HospitalityWorld